BluSmart's 'Assure by BluSmart' Initiative Surpasses Rs 100 Crore in Financing

MUMBAI: Electric ride-hailing and charging infrastructure network BluSmart announced on Tuesday that it has secured Rs 100 crore in EV financing under its asset leasing initiative, 'Assure by BluSmart'. This program enables partners to purchase electric cars and lease them to BluSmart.

Exponential Growth and Robust Support

Within its first year of launch, the 'Assure by BluSmart' initiative has grown exponentially, achieving a 10-fold increase in monthly financing scale with over 25 large partners onboard. The program has garnered robust support from leading green financing institutions, transport and logistics operators, as well as family offices.

Diversifying the Fleet Portfolio

BluSmart highlighted that the initiative has helped it diversify its fleet portfolio to include more premium vehicles. Anmol Jaggi, Co-founder of BluSmart, expressed, "The success of Assure by BluSmart demonstrates the strong appetite for sustainable investment opportunities in India, and the response to the initiative in its first year by our investors has been reassuring."