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Home News India EV News

BLive to consign 10,000 electric two- and three-wheelers by March 2025

AutoEV Times by AutoEV Times
August 22, 2024
in India EV News
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BLive prepares to reinforce its associations with food and e-commerce food collectors while extending its program to board 10,000 electric vehicles in the current financial year.

Blive’s platform, which primarily connects fleet operators with online delivery app-based enterprises, now has about 5,000 electric vehicles on it. Approximately 1,000 of them are a part of Blive’s EZY scheme, which lets ‘anyone’ to purchase electric vehicle fleets that are then rented to other companies.

By March 2026, the company hopes to have doubled its income to Rs 100 crore by expanding the number of two-wheelers on the platform and expanding its inventory to include three-wheelers. The company’s representatives said that the primary source of revenue at the moment is fleet rentals.

As the gig economy extends into non-metro areas, BLive intends to methodically onboard e-commerce food aggregators in order to buy fleet vehicles to be used with gig economy workers.

About USD 2.5 million has been invested in the company by investors including DNA Networks, LetsVenture, Trescon, and Mumbai Angels. The management of the company is currently planning an additional USD 5 million in Series A funding from both new and existing investors. These investors include micro VCs, sector-focused VCs, family offices of large corporates, and strategic investors.

The company intends to improve its technology infrastructure throughout five states—Bengaluru, Chennai, Hyderabad, Mumbai, and Pune—with the money raised via funding.

The CEO and co-founder of BLive, Samarth Kholkar, “The company wants to establish itself as a leader in the two-wheeler rental market while also expanding into first- and mid-mile logistics and three-wheeler EV rental operations.”

By enabling seamless connection for demand creation, the company hopes to streamline and enhance every facet of fleet management and empower fleet operators to maximise asset utilisation across a range of operational circumstances.

According to Samarth, “The ability to plug and play increases revenue generation and fleet efficiency. We offer EV operators with affordable fleet financing and a wide range of multi-brand EVs, all powered by our full-stack Smart Fleet Management Solution, which increases fleet utilization and operational effectiveness.”

Additionally, BLive runs a network of centralized EV centres that act as maintenance and charging centres for its fleet operators. As of right now, the company operates across five locations with over 70 associations and a growing fleet operator base.

Tags: BLiveBlive's EZY schemeelectric vehiclesEV centresEV rentalgig economy
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