In a significant strategic shift, BluSmart, India’s pioneering all-electric ride-hailing service, is set to exit its core business operations and transition into a fleet partner role for Uber. This move comes as BluSmart aims to streamline its operations and leverage Uber’s expansive platform to enhance service delivery across key metropolitan areas.
Founded in 2019, BluSmart has been at the forefront of promoting sustainable urban mobility, operating a fleet of over 7,000 electric vehicles in cities like Delhi NCR and Bengaluru. The company’s commitment to environmental sustainability is evident from its achievement of completing over 10 million emission-free rides, covering more than 300 million clean kilometers and saving approximately 23,000 tonnes of CO2 emissions .
The decision to become a fleet partner for Uber aligns with BluSmart’s goal to scale its impact while addressing the financial challenges associated with maintaining a capital-intensive business model. Reports suggest that BluSmart’s parent company, Gensol Engineering, has been facing liquidity issues, prompting a reevaluation of business strategies .
While there have been speculations about Uber potentially acquiring BluSmart, the latter has categorically denied such claims, stating that any reports suggesting acquisition discussions are speculative and unfounded . BluSmart emphasizes its continued commitment to expanding its footprint and driving sustainable mobility forward.
As BluSmart embarks on this new chapter, its collaboration with Uber is anticipated to enhance the availability of electric vehicle options for commuters, contributing to a greener transportation ecosystem in India. This partnership underscores a growing trend in the mobility sector, where companies are increasingly seeking collaborative approaches to address environmental concerns and operational efficiencies.
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