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Anmol Singh Jaggi: The Electric Mobility Visionary Transforming Urban Transportation
BluSmart Mobility is an Indian ride-sharing company, headquartered in Gurugram. It was founded by Anmol Singh Jaggi, Punit K Goyal and Puneet Singh Jaggi in 2019. As India’s first all-electric ride-hailing platform, Anmol Singh Jaggi has positioned BluSmart at the forefront of the electric mobility revolution, challenging traditional ride-sharing models with sustainable transportation solutions.
Pioneering All-Electric Ride-Hailing
It is India’s first all-electric shared smart mobility platform. The company competes with Uber, Ola, and new cab-hailing entrants like Rapido and Namma Yatri. BluSmart was founded in early 2019 is India’s largest fully-electric ridehailing service with a 4.9 star rated customer experience.
Anmol Singh Jaggi is the co-founder of BluSmart. Having studied BTech from the University of Petroleum and Energy Studies, he also founded another company called Gensol Group in 2007. With 19 GW of expertise in 14 countries, Gensol Group is a top design, engineering, and project management company for renewable energy.
Building a Sustainable Business Model
“We did small common-sensical stuff, rather than some big-bang innovation,” Anmol said. The common sense and practical understanding of the business and customers show in the intuitive practices adopted by the company. His approach focused on identifying and addressing fundamental issues in traditional ride-hailing models.
Existing ride-hailing business models require driver-partners to purchase cars on debt and deploy them on the platform. This model results in interest rates of 18-20%. Also, the model also suffers from issues such as car maintenance, cleanliness, and cancellations, which impact the customer experience.
Innovative Customer-Centric Approach
While BluSmart believes in not leaving any value on the table with its pricing, it does not have surge pricing like its competitors. “If there is rain on the road, why should the price go up 3 times?” Anmol said echoing the sentiments of customers who perceive surge pricing as opportunistic and unfair.
BluSmart leases its EVs at an institutional level allowing it to maintain sub-10% interest rates. Lower fuel cost helps keep the cash burn low. “Overall, our cost structure is 30-40% cheaper than our competition,” Anmol said, explaining why BluSmart is confident of turning profitable very early in its journey.
Rapid Growth and Market Expansion
In July 2024, the company raised $24 million (₹200 crore) in a funding round led by its existing investors, Zurich-based climate finance firm Responsability Investments, cricketer MS Dhoni’s family office, and ReNew founder Sumant Sinha. This funding round demonstrates strong investor confidence in BluSmart’s electric mobility model.
As of 2025, the company’s fleet of vehicles includes the Mahindra e-Verito, Tata e-Tigor, Tata Xpres-T EV, Hyundai Kona Electric, MG ZS Electric, and Citroen e-C3. BluSmart operates in parts of Delhi NCR, Bangalore, Mumbai, and Dubai, showcasing its international expansion ambitions.
Overcoming Industry Challenges
Unlike its competitors, BluSmart’s expansion faces several hindrances. Because BluSmart operates on a hub-to-hub model, the lack of charging infrastructure in India and range anxiety of EVs poses serious hurdles to the company’s growth. However, Jaggi’s strategic approach has focused on building comprehensive charging infrastructure alongside fleet expansion.
According to Anmol, his interactions with customers reveal that people are willing to even pay a premium for a good experience which BluSmart has been able to deliver, maintaining a 4.9-star average rating so far.
Vision for India’s Electric Mobility Future
“In 10 years, everyone in India should be able to get a BluSmart EV cab within 5 minutes.” This ambitious vision from Anmol Jaggi reflects his commitment to making electric mobility accessible across India’s urban centers.
Anmol Singh Jaggi’s leadership in electric mobility represents the convergence of sustainability, technology, and customer experience, positioning him as a key figure in India’s transportation transformation and the broader electric mobility ecosystem.
