BluSmartelectric vehicle ride-sharing service and electric vehicle charging infrastructure network, reported a 77% year-on-year increase in gross merchandise value (GMV), reaching ₹275 crore in H1FY25 , up from ₹155 crore in H1FY24.
BluSmart’s GMV has grown 2-fold, with GMV in October 2022 at over ₹4 crore, now reaching over ₹55 crore in October 2024. This increase of over thirteen times between October 2022 and October 2024 thanks to the rapid expansion of BluSmart. in electric mobility.
Holiday Season Increase and Service Expansion
During the holiday season, BluSmart’s experienced a 50 percent increase in total trips and a 60 percent increase in unique passengers during this period. This seasonal increase aligns with BluSmart’s consistent year-over-year growth, effectively doubling its unique rides and riders each year.
Commenting on the growth trajectory, Punit Goyal, Co-Founder, BluSmart, said, “The exponential growth in revenue and GMV reflects both the confidence of our passengers and the growing demand for sustainable mobility options.
The festive increase in rentals, airport transfers and daily ridership highlights BluSmart’s role in improving the ease of travel, especially during peak seasons. We remain committed to providing a reliable and environmentally responsible travel experience for everyone.
BluSmart has more than 8,500 electric vehicles, BluSmart and 20 million trips. BluSmart’s charging network now includes over 5,000 stations across 50 centers across Delhi NCR and Bengaluru, covering over 2 million square feet and supported by 10,800 driver partners.
