BluSmart

BluSmart Cabs. (Photo: BluSmart)The company informed that their fleet consists of MG ZS EV, Tata Tigor EV, BYD E6, which offers seamless travel experience to customers in of Delhi NCR and Bangalore.The leading e-mobility ride-hailing service blueSmart has been getting an overwhelming response in the cities, where it operates. Recently, the company announced that it has unlocked a new milestone of having 7,000 EVs in its fleet.While sharing the news via official release, the company informed that their fleet consists of MG…

Last Updated: March 19, 2024, 10:15 ISTCitroen Partners with BluSmart, Adds 4000 eC3 Units to Electric Fleet. (Photo: Citroen)BluSmart partners with Citroen to add 4000 eC3 units, advancing electric mobility in India. Sustainable, swift, and eco-friendly ride-hailing on the rise.Citroen has partnered with BluSmart Mobility, an eMobility service provider, to boost BluSmart’s electric fleet with 4000 units of Citroen eC3 cars.This collaboration, marked by a memorandum of understanding (MoU), signifies both companies’…

Increasing competition in the ride-hailing space has resulted in better incentive structures for gig workers in the sector as platforms experiment with their business models or tweak the way they charge commissions from drivers.Swiggy-backed bike-taxi platform Rapido has introduced a subscription fee model for its driver partners on cabs and autos, doing away with the old structure of commissions on rides, while California-headquartered inDrive is offering commission rates of 10-12% to its drivers in India, less than half…

BluSmart, an all-electric ride-hailing startup, said on Wednesday it will power its fleet of electric cabs with solar energy supplied by Tata Power, marking a key step towards sustainable transportation in India.As per an agreement between the two companies, BluSmart will receive 30 megawatts (MW) this year from Tata Power that will be used for its entire fleet of 6,000 electric cabs in Delhi NCR and Bengaluru, the Gurugram-based company said in a statement. Financial details of the agreement were not disclosed.Elevate…

Edtech major Byju’s beset with internal and external challenges rolled out a rights issue to raise up to $200 million. In its desperate attempt to raise much-needed capital, it's ready to take a 99% cut in valuation. This and more in today’s ETtech Top 5.Also in the letter:■ YouTube Shorts vs Instagram Reels■ BluSmart raises $25 million■ Explained: Apple makes changes in EUByju’s seeks $200 million in rights issue at 99% valuation cut Desperate for funds, troubled edtech firm Byju’s has kickstarted a rights…

BluSmart, an Indian ride-hailing startup that competes with Uber and homegrown rival Ola with its all-electric fleet, is looking to boost its battery charging infrastructure as the South Asian nation currently has limited charging stations but aims to expand its electric vehicle (EV) base. The Gurugram-based startup has received fresh funding of $25 million from Switzerland-headquartered impact fund ResponsAbility in a mezzanine structure, including partial equity dilution and debt. The purpose of raising this…

In 2020, as the Indian startup scene began to boom, Reshbha Munjal, a Delhi-based angel investor, decided to shift her investment focus. Until then, she had put her money in stocks and mutual funds. After seeing the rise of companies like Flipkart and Ola, she was convinced that she should invest in private markets. “I saw an opportunity to achieve scale in the private market and to invest in ideas that aren’t accessible in public markets,” she says.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Gensol Engineering Ltd, the Ahmedabad-based company promoted by the founders of electric vehicle ride hailing startup BluSmart, is entering the vehicle manufacturing space and is expected to launch an electric three-wheeler early next year, ET has learnt exclusively.Gensol Engineering, which operates in the renewable energy sector, last year acquired an EV startup, Strom Inc, that has built the platform for a 'reverse trike' – a vehicle with two wheels in the front and one in the back.Elevate Your Tech Prowess with…

Ride-hailing platform Uber is rolling out a tiered rewards programme for drivers in 12 cities.The programme, Uber Pro, will give drivers benefits such as area preference, discounted vehicle maintenance and motor insurance, as well as enhanced micro-credit offerings. Drivers will be eligible for these benefits upon reaching certain milestones.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitMITMIT Technology Leadership and…

India Inc is taking its 'go green' initiatives to the next level by roping in EV cab services companies like BluSmart, Evera, GoGreen Cabs, and eee-Taxi to provide official and sometimes personal commute to employees free of cost or at discounted rates.Companies including MakeMyTrip, Cairn India, Apollo Tyres, ABB India, Zomato, and EY are doing this to reduce their carbon footprints, their officials told ET.Zomato and Apollo Tyres said they have tied up with BluSmart to offer electric vehicle cab services to their…