Blu Smart Mobility (Blu-Smart Mobility Tech Private Limited)

1950 +0 (0%) 1Y
Price per Unit 1950
Minimum no. of Units 60
Enter Units
Coupon Code
Get 1% OFF on a minimum share purchase of ₹1,00,000.

Use Code: UNLISTEDKRAFT
Investment Amount 0
Discount 0
Stamp Duty (0.015 %) 0
Final Amount 0
Unlisted shares

Blu Smart Mobility

DRHP Status : Not Filed

1950

Current Price 1950
Market Cap 1200.81 Cr
ISIN INE0B7Y01012
Face Value 10
P/E Ratio 0
EPS -834.72
P/B Ratio 0
Book Value -602.85
Debt to Equity Ratio 17.85
P&L Statement 2022 2023
Revenue 4 57
Cost of Material Consumed 18 68
Gross Margins -350 -19.3
Change in Inventory 0 0
Employee Benefit Expenses 15 40
Other Expenses 10 18
EBITDA -39 -69
OPM -975 -121.05
Other Income 4 14
Finance Cost 43 59
D&A 23 102
EBIT -62 -171
EBIT Margins -1550 -300
PBT -100 -216
PBT Margins -2500 -378.95
Tax 0 0
PAT -100 -216
NPM -2500 -378.95
EPS -467.29 -1009.35
Financial Ratios
 2022 2023
Operating Profit Margin -975 -121.05
Net Profit Margin -2500 -378.95
Earning Per Share (Diluted) -467.29 -1009.35
Assets 2022 2023
Fixed Assets 5 22
CWIP 0 0.32
Investments 0 0
Trade Receivables 0.06 0.35
Inventory 0 0
Other Assets 398.94 1291.33
Total Assets 404 1314
Liabilities 2022 2023
Share Capital 2.14 2.14
FV 10 10
Reserves -49 -253
Borrowings 269 797
Trade Payables 2.5 12
Other Liabilities 179.36 755.86
Total Liabilities 404 1314
documents
Name Holding
Puneet Singh Jaggi 16.64%
Punit Goyal 9.08%
Anmol Singh Jaggi 17.39%
Others 56.87%

Coming soon...

Coming soon...

​BluSmart Mobility is India's first all-electric ride-hailing service, established in January 2019 by Anmol Singh Jaggi, Punit K Goyal, and Puneet Singh Jaggi. Headquartered in Gurugram, Haryana, the company aims to provide sustainable, reliable, and zero-emission transportation solutions across major Indian cities.

Strengths

  1. EV-Only Fleet

    • India’s first all-electric ride-hailing service.

    • Aligns with government EV policies and growing demand for sustainable transport.

  2. Strong Investor Backing

    • Funded by reputed investors like BP Ventures and Mayfield Fund.

    • Strategic partnerships with Tata Motors and Jio-bp enhance credibility and resources.

  3. Better Customer Experience

    • No ride cancellations, no surge pricing, trained drivers—improves user trust and satisfaction.

  4. Tech-Driven Operations

    • Uses in-house technology for fleet and route optimization.

    • Ensures efficiency and better driver & vehicle management.

  5. First Mover Advantage

    • Being one of the earliest in the EV-only ride-hailing space gives BluSmart brand recognition and operational maturity.

Weaknesses

  1. Unlisted Share Risk

    • Low liquidity—difficult to buy/sell quickly.

    • Valuation not transparent or regulated like listed companies.

  2. High Capital Requirement

    • Fleet ownership and charging infra need continuous heavy investment.

    • More capital-intensive than aggregator models (e.g., Ola, Uber).

  3. Still Loss-Making

    • Not yet profitable; high operational and expansion costs.

    • Needs scale and consistent funding to achieve break-even.

  4. Infrastructure Dependency

    • Relies on availability of EV charging stations and stable power supply.

    • Any gaps in infrastructure can impact operations.

  5. Future Competition

    • Bigger players like Ola and Uber may adopt similar EV strategies.

    • Competitive pressure could affect market share and margins.

Scroll Top ↑
unlistedkraft