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BS Mob

BluSmart Mobility is India's largest electric ride-hailing service operating in Delhi and Bangalore with a fleet of over 2,500 electric vehicles. It has raised over $373 million in equity funding to date and has a monthly revenue run rate of $2 million with ambitions to expand across India. The company's CEO, Anmol Jaggi, previously founded a large renewable energy engineering firm and BluSmart aims to reduce pollution through electric mobility services.

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49 views3 pages

BS Mob

BluSmart Mobility is India's largest electric ride-hailing service operating in Delhi and Bangalore with a fleet of over 2,500 electric vehicles. It has raised over $373 million in equity funding to date and has a monthly revenue run rate of $2 million with ambitions to expand across India. The company's CEO, Anmol Jaggi, previously founded a large renewable energy engineering firm and BluSmart aims to reduce pollution through electric mobility services.

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BLUSMART MOBILITY:

1. Company overview
BluSmart is India's first and largest fully-electric ride hailing service with a 4.9 star rated
customer experience. Currently has a fleet of 2500+ cars operating in Delhi & NCR region and
are gradually expanding their base. Recently they have launched operations In Bangalore.

BluSmart Mobility is the parent Holdco entity (No operations) which has 3 entities:
● Blu Charge (Has a network of charging stations & charging Infra)
● Blu Tech (BluSmart App and tech support is housed under this entity similar to Ola/Uber)
● Blu Fleet (Houses the actual operation i.e leasing of vehicles from corporates, Cars
being let out to driver for 8 hrs , trip management, car maintenance etc)

2. Team Structure

3. Promoters' overview

Anmol Jaggi (Co-Founder & CEO):-


Founded Gensol Group in 2007 and has led it to today being a large service oriented company
with a team of 600 engineers & technicians. Gensol Group is a leading renewable energy
design, engineering, project management firm with 19 GW of experience in 14 countries.

4. Shareholding structure as on 21.10.2022

Shareholders Fully Diluted Shares % of Fully Diluted


Shares
Anmol Singh Jaggi 4,27,949 7.70%
Puneet Singh Jaggi 3,57,351 6.43%
Punit Goyal 1,95,122 3.51%
Granted ESOP 3,15,294 5.67%
Ungranted ESOP 2,30,457 4.14%
BP Technology Ventures Limited 10,69,291 19.23%
Mayfield India II, Ltd 1,69,241 3.04%
JITO Investors 1,87,060 3.36%
Kalpavriksh Trust and its Affiliates 1,10,109 1.98%
Survam Investors 1,38,363 2.49%
Venture Catalyst, 9Unicorns and ZNL 2,34,566 4.22%
Growth Fund Scheme 1
Mumbai Angels 1,14,398 2.06%
Inflection Point Ventures Investors 2,10,802 3.79%
& FirstPort Capital
GFC Clean Mobility Investors LLC 1,55,455 2.80%
Other Investors 16,45,307 29.59%
Total 55,60,765 100.00%

5. Fundraising history (Equity)

Particulars Month and Year Amount


Seed July 2019 20.57
Pre-Series A August 2020 53.02
Series A September 2021 190.19
Series A1 May 2022 110.00
373.78

6. Historical financials and monthly run rates

● BluSmart is scaling rapidly with over 2mln fully-electric trips completed and over 70
mln plus clean kms covered.
● BluSmart is growing month-on-month and is at a monthly revenue run-rate of
US$2mln MRR (ARR of US$24mln)
● Fleet Size has increased 2500+ as of Oct-22

7. Debt Profile on Blu Smart

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