The Ledger
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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.”
Goyal: BluSmart runs at ~440 crore INR ARR and 1.3-1.4 crore daily revenue
“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.”
Goyal: BluSmart has secured vehicle financing for 20,000 EVs
“So we have secured financing for 20,000 cars as of now, right? Trying to secure financing for 40,000 cars.”
Goyal: India's installed renewable capacity is about 175 GW
“Today, total installed capacity is about one 75 gigawatts in India.”
Puneet Goyal sold a 20MW Gujarat solar plant for $68 million
“We signed a 40 megawatt power purchase agreement with the government of Gujarat, and we set up a 20 megawatt power plant. So we built that project, operated for two years, and then sold it to a large Saudi company that was looking to buy an operating asset in …”
Puneet Goyal sold PLG Clean Energy Projects to Suzlon for $55M
“My third venture was another solar project founded PLG Cleanerji projects. We did a small 70 megaw solar power plant in Dhulen, Maastra. Again, Anmol's company, Jensol, played a part there in getting up that power plant also... Sold that to a large listed enti…”
BluSmart operates a fleet of over 5,000 Tata electric cars
“BlueSmart, we have a fleet of 5000 plus Tata decor cars.”
Setting up a 1-megawatt solar plant costs 3 to 3.25 crore
“A megawatt plant investment could be in the range of three to 3.25 crores.”
Goyal: BluSmart ride-hailing does ~450 crore ARR, in-house charging 100 crore ARR
“The ride healing revenue is about nearly 444 50 crores per ARR. The charging revenue is about a hundred crores ARR today, but that's in-house.”