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BluSmart Crosses INR 500 Cr ARR In FY24, Eyes 10,000 EV Fleet By 2024-End

Inc42 · 10m

Delhi-based electric mobility startup BluSmart has achieved an annual run rate of INR 500 crore ($60 million) in FY24, marking a growth of 102% compared to the previous year. The company's gross business value has grown at a CAGR of 300% over the last three years. BluSmart attributes its success to offerings such as zero cancellations, on-time arrivals, and zero-emission cabs. Founded in 2019, BluSmart aims to expand its EV fleet and charging infrastructure, with the goal of reaching 10,000 EVs by the end of 2024.