Electric mobility startup BluSmart has unveiled a new app designed to assist users in Delhi-NCR and Bengaluru in locating nearby electric vehicle (EV) charging stations. The app, BluSmart Charge, is now available on both Android and iOS platforms.
Features of BluSmart Charge
BluSmart Charge aims to cater to a broad spectrum of EV users, including fleet operators and individual drivers. The app offers several key features:
- Location Services: Users can find nearby charging stations with ease, complete with distance specifications from their current location.
- Connector Availability: The app provides information on the availability of AC and DC connectors suitable for various vehicle types.
- Real-Time Updates: Users receive real-time updates on the number of available charging stations.
- Streamlined Payments: Both fleet operators and public users can benefit from a streamlined payment process, making it convenient to access charging services on the go.
BluSmart’s Vision and Expansion
Founded in 2019 by Anmol Jaggi and Punit K Goyal, BluSmart offers EV ride-hailing services and charging infrastructure across Delhi-NCR, Bengaluru, and other major cities in India. The company is focused on expanding its charging infrastructure and building large-scale EV charging superhubs to support the growth of its electric ride-hailing service.
Competitive Landscape
BluSmart faces competition from several other companies in the EV space, including Bengaluru-based Lithium, Delhi-based eee-Taxi, Kolkata-based Snap-E Cabs, and major ride-hailing services like Ola and Uber.
Leadership Insights
Tushar Garg, co-founder and CEO of BluSmart, commented on the company’s growth and future plans: “As we expand our footprint, the magnitude and density of EV charging infrastructure will play a crucial role. India is undergoing an e-mobility transition, and BluSmart’s extensive network of established infrastructure and well-equipped charging hubs will contribute to the rapid adoption and ease of access to charging stations.”
Business Growth and Future Plans
BluSmart currently operates over 5,500 EVs and plans to increase its fleet size to 8,000 across Delhi-NCR and Bengaluru by next year. The company reported a revenue of over INR 390 Cr in FY24, a 144% increase from INR 160 Cr in FY23. BluSmart’s gross business value (GBV) has seen substantial growth, achieving a compound annual growth rate (CAGR) of 300%. The startup crossed an annual run rate (ARR) of INR 500 Cr ($60 Mn) in FY24, reflecting a 102% growth over the previous year.
