BluSmart Mobility
BluSmart Mobility was India's first all-electric ride-hailing service, operating a 7,500+ vehicle EV fleet with a proprietary charging network across Delhi-NCR and Bengaluru. The venture-backed company suspended operations in February 2025 and entered insolvency in October 2025.
- Company typePrivate
- Founded2019
- HeadquartersAhmedabad, India
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What BluSmart Mobility does
BluSmart Mobility was an Indian all-electric ride-hailing platform founded in 2019 and headquartered in Delhi NCR, operating India's first fully electric taxi service. The company operated a vertically integrated model combining a consumer-facing mobile app (with an integrated prepaid digital wallet) for booking premium EV rides, a proprietary EV fleet that scaled to 7,500+ vehicles, and a parallel charging infrastructure network of 4,400-5,000+ EV chargers, including a 1.2 MW solar microgrid facility in Gurugram developed in partnership with HAREDA. Primary operations were concentrated in Delhi-NCR and Bengaluru, with a planned launch in Dubai in June 2024 marking its first international expansion.
Revenue was generated transactionally from per-ride fares collected via the app/wallet, with secondary income from the charging infrastructure asset. The company raised over $180 million across multiple rounds (Series A $25M led by BP Ventures in 2021, Series A2 $42M in 2023, a $75M loan from Power Finance Corporation in 2023, and a $24M Pre-Series B in 2024), achieved a peak valuation of nearly $335 million, and reached approximately ₹550 crore ($66M) in ARR at peak.
Operations were suspended in February 2025 following material cash burn exceeding ₹20 crore monthly and governance/fund-diversion allegations involving co-founders Anmol and Punit Singh Jaggi through related entity Gensol Engineering. The NCLT admitted an insolvency case against the legal entity Blu-Smart Mobility Tech in October 2025; SEBI barred the co-founders from securities markets, the Enforcement Directorate attached ₹87.41 crore in assets, and ICAI advanced a disciplinary inquiry. By June 2026, Voler Car Ltd emerged as the highest bidder for BluSmart's assets in the ongoing IBC resolution.
BluSmart Mobility firmographics
Firmographics- Name
- BluSmart Mobility
- Legal name
- Blu-Smart Mobility Tech
- Website
- https://blu-smart.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Closed
- Headcount range
- 501–1,000 employees
- Short description
- BluSmart Mobility was India's first all-electric ride-hailing service, operating a 7,500+ vehicle EV fleet with a proprietary charging network across Delhi-NCR and Bengaluru. The venture-backed company suspended operations in February 2025 and entered insolvency in October 2025.
- Ownership category
- akta.pro rank
BluSmart Mobility industry classification
Industry- Product category
- Electric Ride-Hailing Services
- NAICS
- Taxi and Ridesharing Services (485310), Passenger Car Rental and Leasing (53211)
- SIC
- Transportation Services (4700), Electric & Other Services Combined (4931)
- akta.pro primary industry
- EV Ride-Hailing / Chauffeur Services (EV-Only Fleets) (THADANAG)
- akta.pro secondary industries
- Passenger Vehicle Leasing & Long-Term Rental (Cars/SUVs) (TLABAHAA), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA)
Keywords
Where BluSmart Mobility is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
BluSmart Mobility business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Ride-hailing services: Transaction-based revenue from providing electric vehicle taxi rides to consumers through a mobile app. Customers preloaded funds into digital wallets for rides.
- EV charging infrastructure: Revenue generated from operating EV charging stations, though primarily served internal fleet needs rather than third-party charging
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Premium EV ride-hailing service |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
BluSmart Mobility product offering
Product offeringCore offering
BluSmart Mobility operated an all-electric ride-hailing service through a mobile app, providing premium EV taxi rides to urban commuters in Delhi-NCR and Bengaluru. The service was backed by an integrated EV charging network of over 4,400 chargers and a 1.2 MW solar microgrid charging facility, enabling the company to own and operate its own EV fleet rather than relying on third-party drivers. Customers prepaid funds into an in-app digital wallet for transactions.
Product overview
BluSmart Mobility operated as an integrated all-electric ride-hailing platform combining a consumer-facing taxi service app with proprietary EV charging infrastructure. The core product was the BluSmart EV Ride-Hailing Service, supported by an extensive network of EV charging stations across Indian cities. The company also offered a digital wallet feature for customer payments. The platform operated primarily in Delhi-NCR and Bengaluru before the company's shutdown in early 2025 following financial and governance issues.
Differentiator
Problem solved
Functional benefit
Products and services
- BluSmart EV Ride-Hailing Service All-electric ride-hailing service operating in Delhi-NCR and Bengaluru, providing premium EV taxi services booked through a mobile application for urban commuters. The service was India's first all-electric taxi platform and was supported by the company's proprietary charging infrastructure.
- BluSmart EV Charging Infrastructure Network Network of over 4,400 EV chargers, plus a 1.2 MW solar microgrid charging station, operated to power the company's ride-hailing fleet. The infrastructure became a key asset in insolvency proceedings, attracting bids from Eversource Capital, Refex Mobility, and Voler Car.
Quantifiable outcome
- ₹550 crore+ ARR achieved before collapse
- +2 more outcomes
Companies that use BluSmart Mobility
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
BluSmart Mobility technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
BluSmart Mobility partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Voler Car LtdcoreKolkata-based Voler Car emerged as the highest bidder for BluSmart in ongoing insolvency proceedings following an auction on June 10, 2026. The acquisition aims to leverage BluSmart's EV charging network and platform.
- Refex MobilityminorRefex Mobility, led by former BluSmart CEO Anirudh Arun, attempted to acquire BluSmart's assets including charging stations and technology as part of the insolvency resolution process.
- Eversource CapitalminorEversource Capital showed interest in acquiring BluSmart's assets to expand into consumer mobility through the company's charging infrastructure network of over 5,000 charging stations.
- HAREDA (Haryana Renewable Energy Development Agency)minorBluSmart partnered with HAREDA to deploy a 1.2 MW solar microgrid charging station in Gurugram, demonstrating collaboration with government renewable energy agencies.
Scale indicators9 records
Recent moves8 records
Expansion highlights5 records
BluSmart Mobility competitors and assessment
Company assessmentDirect peers
- Ola (ANI Technologies): Ola is India's largest ride-hailing platform and BluSmart's primary direct competitor in Delhi-NCR and Bengaluru, targeting the same urban commuter segment with a mix of EVs and ICE vehicles. BluSmart explicitly positioned itself as the premium EV alternative to Ola.
- Rapido: Indian ride-hailing competitor with a strong bike-taxi base expanding into auto and cab services. Competes with BluSmart for urban commuter share-of-wallet in Indian metro cities.
- Lithium Urban Technologies: India's earliest large-scale EV corporate fleet operator and a direct comparable in the EV fleet/mobility space. Eversource Capital specifically proposed merging BluSmart with Lithium Urban Technologies during the failed 2025 acquisition talks.
- Everest Fleet: Indian corporate and Uber-leasing fleet operator managing thousands of vehicles, with growing EV exposure. Comparable to BluSmart in fleet-leasing structure and driver-partner model, though focused on Uber integration rather than proprietary ride-hailing.
Broad incumbents
- Uber India: Global ride-hailing incumbent with strong Indian operations; BluSmart was actively planning a pivot to become an Uber fleet partner with 700-800 cars, indicating direct operational overlap in the same metropolitan markets.
Emerging players
- Namma Yatri: Open-source ride-hailing platform backed by ONDC focused on auto-rickshaw and cab services in India. Represents the new generation of India-focused ride-hailing challengers competing in the same metropolitan commuter market.
- Refex Mobility: Mobility arm of Refex Group led by BluSmart's former CEO Anirudh Arun; actively bidding to acquire BluSmart's charging and technology assets in insolvency. Closely tied to BluSmart's operations and a direct peer in EV fleet and charging.
- Voler Car: Kolkata-based EV mobility company that emerged as the highest bidder for BluSmart in the June 2026 insolvency auction, positioning it as a direct successor peer with access to BluSmart's charging network and platform.
Others
- Eversource Capital: Green-focused infrastructure investor that bid ~₹8-10 billion for BluSmart assets to merge with Lithium Urban Technologies. Functions as both a potential acquirer and a strategic investor in India's EV charging build-out.
Regional players
- Meru Cabs: India-based premium taxi service historically focused on airport and corporate transfers, comparable to BluSmart's premium positioning in metro markets before its collapse.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
BluSmart Mobility social profiles
Digital presenceBluSmart Mobility financial estimates
Financial estimateRevenue estimate
Valuation estimate
BluSmart Mobility leadership team
Management profileNumber of profiles
Profiles2 records
BluSmart Mobility funding detail
Funding detailFunding overview
Funding rounds13 records
Investors40 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BluSmart Mobility M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BluSmart Mobility
What does BluSmart Mobility do?
BluSmart Mobility operated an all-electric ride-hailing service through a mobile app, providing premium EV taxi rides to urban commuters in Delhi-NCR and Bengaluru. The service was backed by an integrated EV charging network of over 4,400 chargers and a 1.2 MW solar microgrid charging facility, enabling the company to own and operate its own EV fleet rather than relying on third-party drivers. Customers prepaid funds into an in-app digital wallet for transactions.
Is BluSmart Mobility a public or private company?
BluSmart Mobility is a private company. It is classified as venture growth investor backed and is currently closed.
When was BluSmart Mobility founded?
BluSmart Mobility was founded in 2019. It employs 501 to 1,000 people.
Where is BluSmart Mobility based?
BluSmart Mobility is headquartered in Ahmedabad, India, in the Asia region.
How does BluSmart Mobility make money?
Two revenue lines are on record. Ride-hailing services are the primary driver. The others are EV charging infrastructure.
Who are BluSmart Mobility's main competitors?
Direct peers on record are Ola (ANI Technologies), Rapido, Lithium Urban Technologies and Everest Fleet. Uber India is listed as a broad incumbent. Emerging players are Namma Yatri, Refex Mobility and Voler Car. Eversource Capital is listed as an others. Meru Cabs is listed as a regional player.
Does BluSmart Mobility have an API?
No public API is recorded for BluSmart Mobility.
What industry is BluSmart Mobility in?
BluSmart Mobility's product category is Electric Ride-Hailing Services. Its primary akta.pro industry code is THADANAG, EV Ride-Hailing / Chauffeur Services (EV-Only Fleets), with a secondary code of TLABAHAA, Passenger Vehicle Leasing & Long-Term Rental (Cars/SUVs). Its NAICS code is 485310 and its SIC code is 4700.