BluSmart — Newsroom — Green Frontier Capital

BluSmart raises $24 million from MS Dhoni Family Office, ReNew Power CEO Sumant Sinha

We are thrilled to announce that BluSmart, a key portfolio company of Green Frontier Capital, has raised $24 million in its pre-Series B funding round. Alongside BluSmart's existing investors and company founders, notable contributions came from responsAbility Investments AG, Sumant Sinha, MS Dhoni Family Office, and others. Green Frontier Capital also participated in this round, underscoring our commitment to BluSmart's vision and growth. This funding will empower BluSmart to expand operations and develop essential EV charging infrastructure across India's major cities, furthering its mission to revolutionize urban mobility with sustainable electric vehicle solutions. We're proud to continue our support for BluSmart as they lead the charge towards a cleaner, more sustainable future.

BluSmart launches 100% all-electric premium limousine service in UAE

Business Standard reports: BluSmart, South Asia’s largest all-electric ride-hailing service, has launched in the UAE with its hashtag #RideSmartDubai campaign. The company introduces the UAE’s first 100% electric premium limousine service, starting with a fleet of Audi e-tron cars. BluSmart aims to support sustainable transportation with industry-first features like zero driver cancellations and CO2 tracking.

PressGreen Frontier CapitalJune 3, 2024BluSmart, Source: Business Standard

Indian EV firm BluSmart crosses Rs 500 crores in annual run rate in FY24

Economic Times reports the company's gross business value (GBV) delivered a compound annual growth rate (CAGR) of 300 per cent over the last three years, it said in a statement.

PressGreen Frontier CapitalApril 30, 2024BluSmart, Source: Economic Times

How BluSmart took on the might of Ola and Uber, disrupting the super competitive cab-hailing business

Binu Paul reports for Business Today: BluSmart Mobility, a Green Frontier Capital investee company, was founded in 2017 by Punita K. Goyal, who envisioned an integrated full-stack EV ride-hailing service and charging network. Recognizing the declining service quality of existing leaders, BluSmart launched its all-electric ride-hailing service in 2019. The company's approach involves leasing EVs at an institutional level, ensuring cost advantages and lower fuel expenses, leading to a cost structure 30-40% lower than competitors.

PressGreen Frontier CapitalJanuary 9, 2024BluSmart, Source: Business Today

Top 5 Sustainable Players Poised for Success in 2023: A Year-End Roundup

Green Frontier Capital stands out as a key player in sustainable investment, making a significant impact by channeling funds into projects aligned with environmental, social, and governance criteria. Revfin, one of Green Frontier Capital's investee companies, takes center stage in reshaping the financial services landscape with a green twist. Pioneering financial inclusion with an environmental consciousness, Revfin focuses on sustainable lending practices and green investments. Similarly, BluSmart, another investee company, stands out in smart mobility, offering a ride-hailing service that aligns with the growing trend towards greener transportation options.

BluSmart Becomes First Mobility Company To Receive Carbon Credit Certification

BluSmart has made history by becoming the first mobility company in the country to receive carbon credit accreditation from Verra, a global non-profit corporation. This recognition is based on the significant CO2 emission reductions achieved by BluSmart's electric vehicle fleet from February 2020 to December 2021.

PressGreen Frontier CapitalDecember 1, 2023BluSmart, Green Frontier Capital, Source: Carbon Herald

Decoding EV Adoption: Early-Stage Startups on Subsidies, Range Anxiety Charging Infra, Funding

At TechSparks 2023, Kazam’s Akshay Shekhar, Green Tiger Mobility’s Ashish Dokania, and Raghav Rohila Co-founder and CPO of ElectricPe, A GFC investee company, discussed how early-stage startups are overcoming barriers to EV adoption and paving the way for an electric future.

All was quiet in the Uber-Ola world. Then Grab and BluSmart had a below-the-radar meeting.

India’s cab-hailing market has settled into a duopoly, with single-digit growth. A meeting that happened last week in Bengaluru between south-east Asia’s super app Grab and electric-cab startup BluSmart could shake up the ride-hailing sector out of its slumber.

Green Frontier CapitalOctober 19, 2023BluSmart, Green Frontier Capital, Sandiip Bhammer

Next 20 Years Below To Climate Tech, With Indian Startups Creating Global Impact, Says Green Frontier Founder

Thrilled to be featured by YourStory Media for our unwavering commitment to climate tech startups in India! Their acknowledgment inspires us to push boundaries and further our mission. Let’s work together…

Five Companies Leading the Charge Towards Decarbonization and Sustainable Innovation

Green Frontier Capital and investee companies Revfin and Bluesmart are highlighted as 3 of the 5 companies "Leading the Charge Towards Decarbonization and Sustainable Innovation" by CXO Today.

PressGreen Frontier CapitalSeptember 21, 2023Green Frontier Capital, Revfin, BluSmart, Source: CXO Today

Here's What The EV Players Are Saying On World EV Day

Electrification of the automobile industry is no longer the future, it is the present. Consumers have begun choosing EVs as one of their next new vehicle and on World EV Day, all players in the EV ecosystem are embracing the change.

PressGreen Frontier CapitalSeptember 9, 2023Source: BW Autoworld, Revfin, Sandiip Bhammer, BluSmart

EV firm BluSmart crosses annual revenue run rate of INR 400 cr

BluSmart Mobility achieved an important milestone, establishing a fleet of 5,000 EVs in Delhi and Bengaluru with INR 400 crores in ARR.

PressGreen Frontier CapitalSeptember 5, 2023BluSmart, Source: ET Auto

India is behind the curve on women in the workforce

Shan Li and Vibhuti Agarwal for the Wall Street Journal deepdive on India's low female workforce, with a special mention to Green Frontier Capital investee BluSmart and its efforts to maintain a 50% sex ratio in the company by training women drivers, and ensuring all protocols for their safety while driving.

A new scooter every 90 seconds. India’s EV revolution has begun

Michelle Toh, Kunal Sehgal and Ivan Watson, for CNN cover the phenomenal EV revolution that is gripping India and projected to become a $100 billion industry by 2030.

PressGreen Frontier CapitalAugust 23, 2023BluSmart, Source: CNN

EaseMyTrip To Offer BluSmart’s Fleet Of EVs In Delhi-NCR & Bengaluru

TravelBiz Monitor reports EaseMyTrip.com has partnered with BluSmart for its cab services to offer an environment-friendly fleet into an existing line-up of cabs. This partnership aims at providing sustainable travel solutions for all EaseMyTrip customers, marking a significant milestone in the green mobility sector.

PressGreen Frontier CapitalAugust 15, 2023BluSmart, Source: TravelBiz Monitor

49 EV Startups That Are Helping Keep The Earth Healthy And Clean

Tapanjana Rudra for INC42 reports clean mobility will play a big role in tackling climate change. Many Indian electric vehicle (EV) startups such as ElectricPe, Blu Smart, EMotorad, and Battery Smart are now sustainable solutions. The Indian EV market is estimated to reach $15,397 Bn by 2027.

PressGreen Frontier CapitalJuly 15, 2023BluSmart, Source: INC42, Battery Smart, ElectricPe, Emotorad

Indian ride-hailing upstart BluSmart takes on Uber with electric cars

Benjamin Parkin for Financial Times reports BluSmart is adding hundreds of new electric vehicles a month as it tries to beat Uber and Ola in the race to electrify the country’s taxi market.

44 EV Startups That Are Helping Keep The Earth Healthy And Clean

Jaspreet Kaur reports on forty-four EV startups whose innovations are contributing to the fight against climate change, including four of GFC’s investee companies. Since vehicular pollution is one of the major causes of global warming, clean mobility will play a big role in addressing the issue.

PressGreen Frontier CapitalMay 16, 2023Source: INC42, BatterySmart, BluSmart, ElectricPe, Emotorad

BP increases stake in India’s EV-only cab service BluSmart

Indian EV-only ride-hailing startup BluSmart, has raised $42 million to strengthen their presence in India and more than double the fleet. Investors include BP Ventures, the investment arm of the British oil and gas company BP. The announcement also sees the ride-hailing firm set ambitious charging infrastructure targets.

PressGreen Frontier CapitalMay 5, 2023BluSmart, Source: Electrive

BP Ventures-Backed BluSmart Mops Up Fresh Funding

Aman Rawat for VCCircle reports BluSmart Mobility has raised $42 million in a bridge funding round from its existing investors BP Ventures and Survam Partners, with participation from BluSmart’s leadership team.

PressGreen Frontier CapitalMay 4, 2023BluSmart, Source: VCCircle

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