BluSmart Collaborates With Tata Power To Source Green Power

BluSmart, a born-electric, full stack, vertically integrated eMobility ride hailing service and EV charging infrastructure network, has made a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company (TPTCL), a wholly-owned subsidiary of Tata Power, to source green power.

Under the PPA, 30 MW capacity will be sourced by TPTCL from Tata Power's expansive 200 MW Solar PV power plant in Bikaner district, Rajasthan. TPTCL is uniquely positioned in the power trading industry with the Category-I Trading License enabling customers to optimise their energy costs and facilitate their sustainability goals.

Enabled by the recently enacted Green Energy Open Access Rules, this partnership with TPTCL allows BluSmart to completely eliminate Scope 2 emissions from its existing 1.4 million sq. ft. of EV charging infrastructure and future charging hubs. With this, BluSmart emerges as the first mobility player in India to transition from zero tailpipe emissions to a zero-emissions company. 

BluSmart operates close to 6,000 BluSmart EVs and has completed over 12 million all-electric trips, having covered 400 million all-electric km, saving 30 million kgs of CO2 since inception. BluSmart also owns and operates 4,000 EV Chargers across its 35 EV Charging superhubs spread across 1.4 million sq. ft. in densely populated megacities of Delhi NCR and Bangalore. Commenting on the partnership with Tata Power Trading Company, Punit Goyal, Co-founder of BluSmart, said “We are paving the path to fully decarbonise mobility at scale and are excited to further cement our alliance with Tata Power as we power our EV charging infrastructure with 100 per cent clean electricity. BluSmart has already covered 0.4 billion electric kms since launch till date, and we are excited that the journey to 1 billion electric km will now be powered by 100 per cent renewable energy”. 

BluSmart crossed USD 55 million in the annual revenue run-rate and is growing at more than 100 per cent YoY.

“Tata Power Trading Company has been at the forefront of promoting clean and alternative energy adoption through customised offerings. Our partnership with BluSmart will help them in decarbonising mobility in the country.” said, Tarun Katiyar, CEO, Tata Power Trading Company Ltd.

BluSmart has raised USD 200 Mn in growth capital (equity & debt) till date and has secured long-term and sustainable EV asset financing of USD 210 million backed by leading Development Financial Institutions (DFIs).