Deepika Padukone’s Ka Enterprises Invests In E-Mobility Ridesharing Startup Blu Smart™

Blu Smart has raised an angel round of $3 mln led by JITO Angel Network, Investment Office of Deepika Padukone – Ka Enterprises, Kalpavriksh Trust [Centrum VC Fund], Survam Partners [Suman Kant Munjal Family Office], Rajesh Agarwal [Cofounder Micromax], Sanjiv Bajaj [MD Bajaj Capital], Rajat Gupta [Ex Global MD McKinsey], Rohit Chanana [Ex-President Strategy, Hero Corporate Services] among other leading angels and stage VCs. Blu Smart was founded by Puneet Singh Jaggi, Anmol Singh Jaggi and Punit K Goyal early this year. 

“Blu Smart is a game-changing new mobility player providing sustainable urban mobility for customers. Blu Smart has served over 20,000+ customers since its launch in just 3 months in Delhi NCR and aims to serve 1 million+ customers in the coming months” said Punit K Goyal, Cofounder, Blu Smart

Blu Smart launched its operations early this year and has scaled its ridesharing fleet to 200 electric cars across Delhi NCR. Blu Smart is further scaling its all-electric ride-sharing fleet to 500 cars by Nov 2019 across Delhi NCR and Mumbai – making it the largest all-electric B2C ridesharing company in India and top three in Asia. 

Blu Smart is building an all-electric ecosystem with strategic partnerships across automotive, infrastructure and energy companies and plans to onboard 15,000 electric cars, 2500 chargers on its all-electric ride-sharing platform by 2021 while creating job opportunities for drivers assuring them a monthly revenue stream

“Blu Smart is focused on superior mobility experience for its customers, cost savings, passenger safety and security. Our new innovative urban mobility offering gives customers personal freedom to travel wherever they want without the hassles of car ownership and stress of finding parking spots in densely populated urban areas. Customers can seamlessly book a ride with just a few taps, expect shorter wait times helping them move smarter” added Punit K Goyal, Cofounder, Blu Smart

Blu Smart’s ridesharing platform provides surge free and affordable pricing, premium all-electric sedans and SUVs, superior and noiseless ride experience, on-demand and intelligent mobility service, trusted and highly-rated drivers, shorter wait times and zero cancellations from drivers. Customers can seamlessly book the rides through the Blu Smart iOS and Android App or can simply call the booking number.  

“Blu Smart is helping reduce traffic volumes and pollution to make cities ­– healthier and more livable with its zero emission smart urban mobility service. We are transforming cities by providing convenient, sustainable and affordable mobility with great benefits for consumers, businesses and society” Anmol Singh Jaggi, Cofounder, Blu Smart further added.

Blu Smart is building a comprehensive zero-emission mobility ecosystem with ridesharing, carsharing and smart charging services. Blu Smart is setting up DC fast charging stations at Blu Smart Hubs and on–boarding charging stations being set up by public and private companies [airbnb of charging]. Through 2019, Blu Smart Charge network will add 100 smart-charging stations across all technologies [Bharat Charge, CCS and CHAdeMO]. Blu Smart’s all electric fleet of Mahindra eVerito, Tata Tigor EV and Hyundai Kona Electric operate on an average 200+ kms per day per car, efficiently with adequate charging infrastructure set up across Delhi NCR by Blu Smart and its charge partners.   

The demand for shared mobility will continue to grow driven by three mega trends: urbanization, sustainability and the growth of the sharing economy. As a part of its growth plans – Blu Smart is in discussions to raise a $25mln Series A round by early 2020 as it plans to scale its operations full stack across Delhi NCR, Mumbai, Pune and Hyderabad. Centrum Capital has been appointed as an advisor to the transaction. Blu Smart also has plans to launch its all–electric smart urban mobility services in Singapore and Hong Kong by second half of 2020.