BluSmart, an electric vehicle industry player, announced a huge milestone on Tuesday, stating that its annual run rate in FY24 had crossed Rs 500 crore. This has been an impressive 102% increase over the preceding fiscal year.
BluSmart announced that its gross business value ³ had achieved a staggering compound annual growth rate ² of 300% in the last three years.
Co-founder Anmol Singh Jaggi of BluSmart reiterated the company's commitment to building a fully integrated energy, infrastructure, and mobility/technology system. He is optimistic that demand for sustainable mobility solutions will rise, which fits entirely with the vision BluSmart holds for itself - building a greener and more sustainable future.
BluSmart currently runs a fleet size of over 7,300 EVs, which makes it the biggest EV fleet in South Asia. These vehicles have driven a grand total of 460 million "clean kilometers," which is equivalent to 34 million kilograms of CO2 emissions avoided.
BluSmart's charging network also has grown quite a bit, and prime locations in Delhi-NCR and Bengaluru are part of this network.
In the beginning of this year, BluSmart achieved a significant milestone of being the first mobility service provider in India to attain a 100% emissions-free status.
Earlier this year, BluSmart is aggressively targeting increasing its fleet size of EVs. It aims to expand its fleet size to 10,000 vehicles by the year 2024.
It is part of the underlying vision that BluSmart wishes to revolutionize mobility through sustainable and eco-friendly practices.
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