Goyal: BluSmart runs at ~440 crore INR ARR and 1.3-1.4 crore daily revenue
Puneet Goyal · Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus · Nikhil Kamath · Dec 10, 2023 · at 24:06
Puneet Goyal is the co-founder of BluSmart, an Indian EV ride-hailing and charging infrastructure company.
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“So we are nearly 400 and 40 crores around ARR. We're doing a revenue of close to 1.3 to 1.4 crores per day revenue.”
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BluSmart's charging infrastructure is profitable due to its in-house anchor fleet
“Yeah, so the charging infra is today profitable, because we had the in-house anchor tenant, so that was profitable.”
BluSmart recovers EV capex premiums in 14 months via fuel savings
“The additional amount I paid for buying that electric vehicle with that additional battery, I recovered that in just 14 months because my operating cost was low.”
BluSmart electric cabs need ₹3,200 in daily revenue to break even
“A car should make about, to be self-sufficient, to break even on all, should make about 3200 rupees per day to cover all my costs. The car has to earn me 3200 rupees a day. It includes driver cost, lease of the car that I'm paying on daily basis.”
EV chassis last 8-10 years, but batteries need replacing after four
“The body is built to last for eight to 10 years. The body is, is built to last for eight to 10 years. The battery needs to be changed after four years.”