In the first half of the 2025 fiscal year, BluSmart’s Gross Merchandise Value (GMV) increased by 77%, driven by a rising demand for eco-friendly transport options. The company maintains a fleet of more than 8,500 EVs and supports a widespread charging infrastructure.
BluSmart, a prominent electric vehicle (EV) ride-hailing and charging network, has announced a significant 77% increase in its Gross Merchandise Value (GMV) to INR 275 crore for the first half of the 2025 fiscal year, up from INR 155 crore during the same period last year. This growth is largely due to the rising demand for environmentally friendly transportation solutions.
The company expects a further surge in ridership over the festive season, projecting a 50% increase in total rides and a 60% growth in the number of unique riders between October and December. Punit Goyal, co-founder of BluSmart, emphasized the growing trust among riders and a shift towards sustainable transport options, noting a rise in rentals, airport transfers, and daily commutes. “The increase in revenue and GMV is a testament to the trust our riders place in us and the burgeoning demand for sustainable mobility options,” he stated.
BluSmart operates a fleet of over 8,500 EVs and has achieved a milestone of 650 million kilometres across 20 million rides, contributing to a reduction of approximately 47,000 tons of CO2 emissions. The company’s extensive charging network features more than 5,000 stations across 50 hubs in Delhi NCR and Bengaluru.
