Ride-hailing service provider BluSmart has announced that it has crossed Annual Run Rate (ARR) of INR 500 Crore ($60 Million) achieving 102% growth over the previous year. The company, which also has an EV Charging Infrastructure network, has declared that it has delivered a CAGR of 300% over the last three years, and is well poised for continued growth. It has grown from USD 30 million in FY23 to USD 60 million in FY24.
The company’s mission statement is ‘Decarbonising Mobility at Scale’ and it has a fleet of 7,300 EVs. Spanning across Delhi NCR and Bengaluru, earlier this year, BluSmart achieved 100% emissions-free status. BluSmart aims to reach 10,000 EV fleet by the end of 2024.
Commenting on the growth trajectory for the company, Anmol Singh Jaggi, Co-founder, BluSmart, said “BluSmart’s achievement of crossing INR 500 Crore ($60 Million) in Annual Run Rate marks a pivotal moment in our journey. As we surge ahead, our commitment to building a fully integrated energy-infrastructure, mobility and technology business remains unwavering. We are witnessing a rise in demand for sustainable mobility solutions, reinforcing the growth of a greener, more sustainable future. Fueled by this momentum, we are poised to deepen our impact by expanding our EV fleet and charging infrastructure, catering to our ever-growing customer base.”