CosmicTaco

BluSmart Eyes Premium Fleet Expansion Following FY24 Sales Boom

CosmicTaco · 2024-11-19T15:52:00.446685+05:30

* BluSmart, the all-electric ride-hailing service, reported a 135% increase in gross revenues in FY24, with plans for further growth through fleet expansion and entry into new cities. * The company aims to raise Rs 425 crore ($50 million) to launch operations in Mumbai and other markets, and introduce a premium fleet for higher-end customers. * BluSmart competes with Ola, Uber, Everest Fleet, and Meru Cabs, and is focusing on high-revenue segments like airport and rental rides. Source: [The Arc](https://thearcweb.com/article/blusmart-plans-premium-fleet-after-sales-of-rs-376-cr-in-fy24-rVQSERvQIQfrpuxe)

BluSmart, the all-electric ride-hailing service, reported a 135% increase in gross revenues in FY24, with plans for further growth through fleet expansion and entry into new cities.
The company aims to raise Rs 425 crore ($50 million) to launch operations in Mumbai and other markets, and introduce a premium fleet for higher-end customers.
BluSmart competes with Ola, Uber, Everest Fleet, and Meru Cabs, and is focusing on high-revenue segments like airport and rental rides.

Source: The Arc