Blusmart is India’s first electric vehicle automobile startup that has evolved into a prominent company. They advocate for a threefold increase in the number of automobiles, or 5000.
Blusmart is India’s first electric vehicle automobile company, operating in Delhi NCR and Chandigarh for the time being. In the near future, they hope to expand and operate in additional states and locations. They advocate for a threefold increase in the number of automobiles, or 5000.
Currently, it places less emphasis on marketing and network construction, but with time, it will improve and have a great possibility to compete with ola and Uber-like petrol and diesel-based cab services.
On January 14th, 2019, Anmol Singh Jaggi, Punit K Goyal, and Puneet Singh Jaggi formed the firm. BluSmart teamed with Mahindra & Mahindra, a well-known automobile manufacturer, in January to deploy the first batch of Electric vehicles on the platform. In September of the same year, Deepika Padukone’s Investment office secured $3 million in a round headed by JITO Angel Network.
Blusmart now manufactures in South Delhi and Gurugram. The firm wishes to expand and work in other states. It provides electric cab service, lowering pollution and transportation costs.
A vaccine programme for a covid pandemic was launched in the month of April 2021. They have an application that offers precise information on work and vaccination drives.
BluSmart has also introduced electric cars for interstate travel from Delhi NCR to Chandigarh and Jaipur. It most recently secured $25 million in an all-equity round sponsored by BP Ventures in September 2021, enabling finances to work and invest properly.
BluSmart works on a hub-to-hub basis. The absence of charging infrastructure in the country, as well as widespread scepticism about EVs, pose significant challenges.
Drivers do not own their vehicles. They work with firms to offer the essential parts that go with the automobile. As a result, the price rises.
The long wait for their time to arrive from the upper business class was a huge issue, despite the fact that they have tremendous backing from that industry. Another concern was the last-minute cancellation of the agreed proportion of money. The growing cost of resources and raw materials causes a rapid increase in cost.
The good news is that Blusmart has both rented and collaborative automobiles as well as self-purchased electric cars to keep costs balanced. For the starting owners, electric cars should never be more expensive to travel in than gasoline or diesel vehicles. As a result, they are carrying out their duties.
