<aside> 👉 BluSmart provides mobility solutions with a unique key differentiator in that it is all EVs, and the Drivers work not on a commission model but rather on Wages as they are Employees of the Company, so Yes! they are qualified for Employee Benefits! Suck on that UBER, OLA, and LYFT. The App provides you with features such as booking a ride and booking rentals. It is currently operational in Delhi-NCR Area (i.e., GGN, Delhi, and Faridabad) and Have Started operations in Bangalore.

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<aside> 👌 BluSmart’s running cost is around 1.4 per KM (which might go below 1 Rs according to Piyush Bansal once they scale to more Fleet Size and more Rides) in comparison to 2.15 Rs of UBER as per the Latest Financials from 2022. As of today, the Fleet size is 3000 EVs with the majority of Inventories of Cars from TATA i.e., TATA Verito. The Expansion plan is to increase the Fleet Size to 8000 by March End to increase reachability and Cities.

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<aside> 🔥 BluSmart’s Revenue Increased from 9 CR - FY21 to 65 CR - FY22, because of strong demand, good customer reception online and customers overall love the no-cancellation fee and no-surge pricing offerings. There will be funding on the way and expansion plans (to reach 5 Key Cities which drive 85% of the Ride-Hailing Business i.e., DELHI-NCR, BANGALORE, MUMBAI, HYDERABAD, and KOLKATA) as It's now operating in Delhi-NCR and BLR only, the company aims to become profitable by late 2023.

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<aside> 📌 Some Recent Facts about BluSmart

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• 40% of the Rides come from iPhone Users
• 50% of the Commuters are Women, and Most of them are Young Moms as their Age group is between 25 and 35, My Conjecture is that they are finding the ride safer and child friendly. which is much needed in a are like DELHI-NCR
• Collective Marketing Cost is very Less when you compared to its Revenue i.e., 1/250 in CRORES (As per FEB 2023)
• Drivers are Hired and Drivers go through a Rigorous Physical, Phycological, and Driver’s test, as I could find 3/10 Drivers get selected in this round.
• Cost Components are Leasing for the Cars, Driver Partners, Electricity, and Insurance
• Fleet Size should be expanded to 6,000 by April, The Plan, for now, would be to go deeper in current cities like DELHI-NCR and Bangalore not to expand into more Cities (btw UBER does 5,000 EV Fleet Size in London and that’s the higher EV Fleet Size in the world)

Check out YS Interview with Anmol Jaggi (Co-Founder, BluSmart)

Anmol Jaggi on Raising $250M Dollars, Ride-Haling Market & Future of EV

https://youtu.be/wbPTr2InxF4

DECONSTRUCTS | RE-IMAGINATIONS

BluSmart Stores/Cab Stations via Kiosk/Company Reps

How many rides BluSmart do in a Day in DELHI-NCR?

Only IGI drops are available from this pickup location, but why?

How many Cabs would BluSmart need to start their Ops. in a City like Mumbai?

Improving the Customer Retention and Customer Experience