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§ Private Profile · Ahmedabad, India
India's first all-electric ride-hailing service, providing sustainable EV mobility and charging infrastructure for urban areas.
BluSmart Mobility is a Gurugram, India-based company that operates an all-electric ride-hailing service and manages electric vehicle charging infrastructure. The organization utilizes an asset-light business model by leasing electric vehicles, such as the Mahindra e-Verito and Tata e-Tigor, to drivers on a shift basis. It currently manages a growing fleet of approximately 9,000 cars across major urban consumer markets like Delhi NCR, Mumbai, and Bengaluru. Operating with an estimated 100 to 200 employees, the enterprise recently secured $24 million in a July 2024 funding round. This capital injection was backed by notable investors including Responsability Investments, MS Dhoni's family office, Deepika Padukone's investment office, and Sumant Sinha, while the firm also maintains strategic partnerships with entities like Tata Power. BluSmart Mobility was founded in 2019 by Anmol Singh Jaggi, Puneet Singh Jaggi, and Punit K Goyal.
BluSmart Mobility has raised $175.6M across 8 funding rounds.
Key people at BluSmart Mobility.
BluSmart Mobility was founded in 2019 by Anmol Singh Jaggi (Co-Founder) and Punit Goyal (Co-Founder).
BluSmart Mobility has raised $175.6M in total across 8 funding rounds.
BluSmart Mobility is an Indian technology company that operates the country’s first all-electric ride-hailing platform. It builds and manages a fleet of electric vehicles (EVs) serving urban commuters primarily in Delhi NCR, Bangalore, Mumbai, and Dubai. The company addresses the problem of pollution and carbon emissions caused by traditional fossil-fuel-based ride-sharing services by offering a zero-emission, sustainable alternative. BluSmart’s platform provides customers with reliable, affordable, and environmentally friendly transportation, featuring no surge pricing and a focus on driver welfare. The company has demonstrated strong growth momentum, raising over $130 million in venture capital and expanding its EV fleet and charging infrastructure aggressively since its founding in 2019[1][2][3][4].
BluSmart Mobility was founded in January 2019 by Anmol Singh Jaggi, Punit K Goyal, and Puneet Singh Jaggi. The idea emerged from the founders’ vision to create a cleaner, smarter urban mobility solution in India, where ride-hailing was dominated by fossil-fuel vehicles contributing to pollution and climate change. Early traction came through partnerships with major EV manufacturers like Mahindra & Mahindra and Tata Motors, enabling BluSmart to launch India’s first batch of electric cabs on its platform. The company quickly raised angel funding led by JITO Angel Network and notable investors including Deepika Padukone’s investment office, and later secured significant venture capital from BP Ventures, Mayfield, and Green Frontier Capital to scale operations and infrastructure[1][3][4][5].
BluSmart rides the global trend toward electrification and decarbonization of transportation, which is critical given India’s urban pollution challenges and climate commitments. The timing is favorable due to increasing government incentives for EV adoption, rising consumer environmental awareness, and advancements in EV technology. BluSmart’s model not only challenges incumbents like Uber and Ola by offering a cleaner alternative but also helps build the foundational EV infrastructure necessary for India’s broader electric mobility transition. By integrating vehicle operations with charging infrastructure and driver welfare, BluSmart influences the ecosystem toward sustainable urban transport solutions and green job creation[1][2][4].
BluSmart is poised to continue scaling its electric ride-hailing service and charging network across more Indian cities and potentially international markets like Dubai. Future trends shaping its journey include the accelerating adoption of EVs, improvements in battery technology, and stronger regulatory support for clean mobility. The company’s influence may evolve from a ride-hailing provider to a key enabler of India’s EV ecosystem, potentially expanding into multi-modal electric transport solutions and energy services. BluSmart’s long-term vision aligns with global sustainability goals, making it a critical player in India’s clean mobility revolution and a model for integrating technology, sustainability, and social impact in urban transport[2][3][4].
BluSmart Mobility was founded in 2019 by Anmol Singh Jaggi (Co-Founder) and Punit Goyal (Co-Founder).
BluSmart Mobility has raised $175.6M in total across 8 funding rounds.
BluSmart Mobility's investors include General Catalyst, Venture Catalysts | India's First Integrated Incubator, Village Global, Emil Michael, Gaurav Munjal, Kunal Shah, IREDA, BP Ventures.
BluSmart Mobility has raised $175.6M across 8 funding rounds. Most recently, it raised $24.0M Pre-Series B in July 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 15, 2024 | $24M Series A Plus | — | — | Announced |
| May 4, 2023 | $42M Debt Financing | — | — | Announced |
| May 24, 2022 | $25M Debt Financing | — | — | Announced |
| May 1, 2022 | $15M Series A | — | General Catalyst, Venture Catalysts, Village Global, Emil Michael, Gaurav Munjal, Kunal Shah | Announced |
| Apr 1, 2022 | $35.4M Debt Financing | Ireda | — | Announced |
| Sep 30, 2021 | $25M Series A | BP Ventures | — | Announced |
| Sep 7, 2020 | $7M Seed Plus | — | — | Announced |
| Aug 16, 2019 | $2.2M Venture Round | — | — | Announced |
Key people at BluSmart Mobility.
