🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
BluSmart to deploy 300 electric cabs on Uber’s platform
YourStory
·
4m ago
Medial
BluSmart, an electric vehicle ride-hailing app, plans to deploy 300 electric cabs on Uber's platform amidst its challenges. This collaboration follows a standard aggregator model, with Uber taking a commission per ride. BluSmart's leadership, including its CEO, plans exits amid financial struggles. Previously, BluSmart partnered with Rapido for a similar model, but Rapido withdrew due to liquidity issues at Gensol, BluSmart's cab lessor. Talks of Uber acquiring BluSmart are currently denied by its co-founder.
View Source
2
Related News
BluSmart signs deal with Tata Power; moves to solar power for all EV charging needs
Economic Times
·
1y ago
Medial
Indian electric ride-hailing startup BluSmart has partnered with Tata Power to power its fleet of electric cabs with solar energy. Under the agreement, Tata Power will supply 30MW to BluSmart's entire fleet of 6,000 electric cabs in Delhi NCR and Bengaluru. The electricity will be sourced from Tata Power's 200MW solar plant in Rajasthan and the agreement is for 20 years. This move will help BluSmart eliminate its Scope 2 emissions and reduce its electricity costs. BluSmart plans to expand its fleet to more than 10,000 cabs over the next few quarters and reach over 20,000 cabs by the end of 2025.
View Source
BluSmart Crosses INR 500 Cr ARR In FY24, Eyes 10,000 EV Fleet By 2024-End
Inc42
·
1y ago
Medial
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.
View Source
Delhi HC Bars Gensol, BluSmart from Transferring 220 Leased EVs, Appoints Receivers
OutlookIndia
·
3m ago
Medial
The Delhi High Court has restrained Gensol Engineering and BluSmart Mobility from transferring 220 leased electric vehicles, appointing receivers to take control. This legal action, based on the Arbitration and Conciliation Act 1996, prohibits the repossession of vehicles by lessors. The court also mandated Gensol and BluSmart to disclose asset and liability details, following concerns over vehicle subleasing. This is part of a larger lease dispute involving BluSmart Cabs and their financial management.
View Source
EV ride-hailing startup BluSmart tweaks fare structure in Delhi-NCR to expand customer base
Economic Times
·
1y ago
Medial
BluSmart, an electric car ride-hailing startup, has revised its fare structure in Delhi-NCR to attract more customers. The company has reduced the range of fare slabs from 5 km to 3 km, providing customers with more fare choices. This change is expected to increase the platform's daily rides by 10-15%. BluSmart aims to achieve breakeven on an EBITDA level by the end of this year, citing that the industry's focus is now on reducing burn. Backed by BP Ventures, BluSmart competes with Uber and Evera Cabs in the market.
View Source
Evera Cabs takes over 500 BluSmart EVs
Entrackr
·
3m ago
Medial
Evera Cabs (Prakriti Mobility) has initiated the repossession of 500 electric cabs formerly operated by BluSmart, following the latter’s operational suspension in key metros. With 220 vehicles already acquired and the remaining 280 set to be reclaimed in the coming days, Evera is strengthening its position as the leading electric cab service provider, with a strong focus on airport mobility. The company is on an acquisition spree with a funnel of 1,000 BluSmart cabs, Evera said in a press release. This development follows BluSmart’s suspension of services in key metros such as Bengaluru, Mumbai, and Delhi. The BP Ventures- and Mayfield-backed company is also facing protests from its driver partners over unpaid dues and job losses. Evera is an all-electric, app-based taxi service currently serving Indira Gandhi International Airport, operating in the B2B segment since 2022. Evera said that the repossession of BluSmart’s cabs through its lenders is part of a multi-stage strategic plan to reinforce its footprint in NCR’s high-demand airport cab sector. The first phase involves the redeployment of these electric vehicles to strengthen operations, particularly in and around Indira Gandhi International Airport. According to the company, alongside fleet integration, a significant number of BluSmart drivers are transitioning to Evera, with around 150 already actively completing trips. In the next phase, Evera plans to double down on its airport network expansion to extend services across all terminals of Delhi’s airport. While Evera previously operated only from Terminal 3, the integration of new vehicles enables full-terminal coverage to ensure better availability and turnaround times for commuters.
View Source
BluSmart Investors in Advanced Talks to Acquire Anmol Jaggi’s Stake, to Revive Start-Up
OutlookIndia
·
3m ago
Medial
Investors in BluSmart are in advanced discussions to acquire Anmol Jaggi's stake in a bid to revive the electric ride-sharing startup. The transaction aims to secure investor funds, maintain driver employment, and return the company's cabs to service. This move marks the potential complete exit of the founders. The investors, led by BP Ventures and already holding stakes in BluSmart and Gensol Engineering, plan to write off loans and inject funds to resume operations.
View Source
Why Ola’s Path To Green Mobility Is Full Of Twists And Turns
Inc42
·
1y ago
Medial
Ola Cabs, a major ride-hailing company in India, has been slow to make progress in transitioning to electric mobility and has faced increased competition in the EV segment. While Ola Electric, a subsidiary of Ola Cabs, was established in 2017, the company has yet to achieve any significant milestones in its quest for an electric fleet. In contrast, competitors like Uber India and other emerging players such as BluSmart and Evera Cabs have already deployed thousands of electric vehicles. Ola's past initiatives, such as "Mission: Electric," have not come to fruition, and the company's current CEO, Hemant Bakshi, has offered limited clarity on its green mobility plans. Nevertheless, Ola aims to expand its electric vehicle offerings beyond two-wheelers to include three-wheelers, cars, and e-buses. However, Ola Electric's timeline for new products may not align with Ola Cabs' ambitions. Ola Electric plans to launch electric auto-rickshaws in the coming months, which could be integrated into Ola Cabs' fleet. The company also intends to enter the electric car market eventually but may need to partner with fleet operators and other original equipment manufacturers in the meantime. Ola's focus on scaling up its electric two-wheeler ride-hailing vertical is driven by the belief that state governments are more likely to favor two-wheelers over traditional internal combustion engines. However, Ola faces competition from established players such as Yulu and Rapido, as well as Uber's emphasis on Uber Moto. Ola still has to overcome challenges such as unit economics and profitability while catching up with existing rivals.
View Source
Uber’s posh electric rideshare service is coming to NYC
The Verge
·
1y ago
Medial
Uber is launching its all-electric luxury rideshare service, called Uber Comfort Electric, in New York City. This comes as the city lifts its cap on the number of electric vehicle (EV) ride-hail licenses. Uber Comfort Electric allows customers to book premium EVs such as Tesla, Polestar, and Ford Mustang Mach-E. In addition, Uber is introducing new product features to encourage greener choices, including an emissions savings feature that shows customers the emissions they avoided by using the service. Uber aims to become a "zero-emissions platform" in the US, Europe, and Canada by 2030.
View Source
Denmark's shipping company Maersk plans to add 300 EVs to its fleet in India by October
IndianStartupNews
·
1y ago
Medial
Denmark-based shipping and logistics company Maersk, which has already deployed 200+ vehicles across 15 cities, said it plans to deploy 300 electric vehicles (EVs) to its fleet in India by October 2023.
View Source
Evera Cabs Bags $ 4 Mn From Mufin Green Finance
Inc42
·
1m ago
Medial
Evera Cabs, an electric vehicle ride-hailing startup, raised $4 million from Mufin Green Finance through convertible debentures and debt. Based in Delhi NCR, Evera focuses on providing airport-centric transport for corporates and individuals. The investment will aid in expanding their EV fleet, including acquiring 1,000 EVs from BluSmart. Founded in 2019 by Nimish Trivedi, Rajeev Tiwari, and Vikas Bansal, Evera commits to a zero-cancellation and surge-free fare service.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in