The company said in a statement that within one year of its launch, the programme has witnessed 10X growth in monthly scale of financing secured by more than 25 partners
With this initiative, the partner can purchase electric cars and lease them to BluSmart
Besides, on the back of this initiative, BluSmart has also expanded its fleet by including premium offerings such as MG ZS SUV vehicles, in addition to Tata Tigor and Citroen eC3
Delhi-NCR based EV cab hailing startup BluSmart
has said that its asset-leasing initiative, Assure by BluSmart, has crossed INR 100 Cr in book value within its first year of launch.
The company said in a statement that within one year of its launch, the programme has witnessed 10X growth in monthly scale of financing secured by more than 25 partners.
With this initiative, the partner can purchase electric cars and lease them to BluSmart. These vehicles are integrated into BluSmart’s platform, where they are used for passenger trips to generate earnings as it ensures partners receive fixed monthly rentals.
“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,” said Anmol Jaggi, Cofounder, BluSmart.
Besides, on the back of this initiative, BluSmart has also expanded its fleet by including premium offerings such as MG ZS SUV vehicles, in addition to Tata Tigor and Citroen eC3.
(The story will be updated soon)