The first and top all-electric ride-hailing service in India is called BluSmart. Their goal is to guide urban India toward sustainable modes of transportation and to offer them dependable, safe, intelligent, economical, and efficient mobility. Their goal is to help revolutionize Indian cities by creating a complete and all-encompassing electric on-demand mobility platform, with sustainability at the center of our operations.
BluSmart – Quick Overview
| Particular | Details |
| Company Name | BluSmart Mobility |
| Type | Private Electric Ride-Hailing Mobility Company |
| Industry | Electric Vehicle Ride-Hailing & Mobility |
| Founded | 2019 |
| Founders | Anmol Singh Jaggi, Punit K. Goyal, Puneet Singh Jaggi |
| Headquarters | Gurugram (Gurgaon), Haryana, India |
| Core Business | App-based all-electric cab service (ride-hailing) |
| Major Services | Electric taxi bookings, hourly rentals, airport and intercity rides |
| Area Served | India (Delhi-NCR, Bengaluru, Mumbai) & limited Dubai operations |
| Business Model | Zero-emission EV fleet with company-controlled vehicles |
| Fleet | Thousands of electric vehicles (Mahindra e-Verito, Tata EVs, Hyundai Kona, MG ZS EV, Citroen e-C3) |
| Unique Selling Points | Zero cancellations, fixed pricing, eco-friendly mobility |
| Partnerships | Tata Motors, Tata Power, Jio-BP charging infrastructure |
| Market Position | First all-electric ride-hailing operator in India |
| Status (2025) | Operations suspended / insolvency proceedings initiated |
| Challenges | Regulatory issues, financial mismanagement & operational halt |
| Official Website | www.blu-smart.com |
Net Worth and Market Cap
As of January 22, 2026, Blumar’s market capitalization, or net value, was 527.45 billion. In just one year, its market capitalization has grown by 78.62%.
Corporate leadership
The Indian ride-sharing business BluSmart Mobility had its main office in Gurugram. Anmol Singh Jaggi, Puneet Singh Jaggi, and Punit K Goyal started it in 2019.
Overview of Services
According to its annual reports, Blu-Smart Mobility Private Limited (BSMPL) is in the business of offering clients a platform and facilitating transactions for the rental of all kinds of vehicles as well as software design, development, implementation, customization, and maintenance. It provides a mobility platform for riding and hailing electric taxis. It provides charging sessions, charging locations, and charging hours. The company’s registered office is in Ahmedabad, Gujarat, and it was incorporated in 2018.
Scale of Operations
The goal of BluSmart, India’s first and biggest zero-emission ride-hailing service and platform, is to make mobility safer, cleaner, more sustainable, and smarter for a better future.
The Mahindra e-Verito, Tata Xpres-T EV, Tata e-Tigor, Hyundai Kona Electric, MG ZS Electric, and Citroen e-C3 are among the vehicles in the company’s fleet as of 2025. It is the first shared smart transportation platform in India that is entirely electric. The business faces competition from Uber, Ola, and recently launched taxi services like Rapido and Namma Yatri.
BluSmart is available in Delhi NCR, Bangalore, Mumbai, and Dubai. Customers can use the iOS or Android mobile app to reserve a taxi. Additionally, BluSmart launched multi-hour rentals in June 2020.
BluSmart started a COVID-19 vaccination campaign for its drivers in April 2021. The BluSmart mobile app shows the drivers’ vaccination status. Additionally, BluSmart introduced EV intercity transportation from Delhi NCR to Chandigarh and Jaipur.
