Versuchen GOLD - Frei

BluSmart Turns to Hybrid Model to Ride Out of Crisis

Financial Express Chandigarh

|

April 15, 2025

IN AN EFFORT to tackle its growing financial challenges and boost revenue, electric ride-hailing startup BluSmart Mobility is transitioning to a hybrid operational model through a partnership with Uber India, while maintaining its independent brand presence.

- ANEES HUSSAIN

According to sources, the collaboration will see a portion of BluSmart's fleet to fulfill demand via Uber Green, the ride-hailing giant's electric vehicle (EV) vertical.

"BluSmart is evolving towards a hybrid model that combines operations via Uber while preserving its independent brand identity for sustainability-conscious users," the source stated.

The move is aimed at lowering customer acquisition costs and improving fleet utilization. BluSmart vehicles currently average around seven trips per day—well below the volume required for sustainable operations. By tapping into Uber's vast demand network, the startup hopes to significantly increase trip volumes and enhance cash flow. Under the partnership, BluSmart will earn a share of the fare revenue from rides fulfilled through Uber, while the latter retains its platform commission.

WEITERE GESCHICHTEN VON Financial Express Chandigarh

Financial Express Chandigarh

Opening nuclear power to private capital

India's nuclear opening coincides with a global renaissance in atomic energy driven by decarbonisation imperatives

time to read

3 mins

December 17, 2025

Financial Express Chandigarh

Reforms to help boost FY27 growth to 7.5%

AXIS BANK EXPECTS India's growth to be above trend in 2026-27 (April-March) at 7.5%, on the back of structural and regulatory reforms, lower borrowing costs, accelerated capital formation and a cyclical boost from policy easing, Neelkanth Mishra, chief economist, Axis Bank and head - global research at Axis Capital said on Tuesday while releasing the outlook for 2026.

time to read

1 min

December 17, 2025

Financial Express Chandigarh

'We're aiming to double our business and reach 75,000 stores by FY27'

D2C(direct-to-consumer) beauty brand RENEE Cosmetics aims to double its business over the next 12 months.

time to read

2 mins

December 17, 2025

Financial Express Chandigarh

Goa nightclub fire: Luthras deported from Thailand, arrested

GAURAV AND SAURABH Luthra, co-owners of the Birch by Romeo Lane nightclub, were arrested on Tuesday after being deported from Thailand and placed under a two-day transit remand for production in a Goa court in connection with the December 6 fire incident that killed 25 people.

time to read

1 min

December 17, 2025

Financial Express Chandigarh

HC permits Hiremath siblings to amend suit

IN THE ONGOING Kalyani family dispute over the division of family assets, the Bombay High Court has allowed siblings Sameer Hiremath and Pallavi Swadi to amend their suit, enabling them to seek a restraint on the voting rights attached to shares acquired from the Kalyani family's core assets.

time to read

1 min

December 17, 2025

Financial Express Chandigarh

Xi faces calls for stronger yuan in currency debate

IN WELL-CONNECTED circles within China, the yuan’s persistent weakness is increasingly being seen as an obstacle to the country’s growth.

time to read

2 mins

December 17, 2025

Financial Express Chandigarh

Zepto plans $500-mn IPO next week

· Fresh, secondary share sales in 10-min delivery firm's offering

time to read

1 min

December 17, 2025

Financial Express Chandigarh

Private credit seen rising 35% this year, but flat without SP deal

THE VALUE OF private credit deals is expected to rise about 35% year-on-year (yo-y) to nearly $13 billion in 2025, but the growth is largely skewed by a single large transaction by the Shapoorji Pallonji (SP) Group, with underlying market expansion remaining muted once that deal is excluded.

time to read

3 mins

December 17, 2025

Financial Express Chandigarh

Funding halves for digital lending startups

VCs cite pricing correction for investment dip

time to read

2 mins

December 17, 2025

Financial Express Chandigarh

Omar Abdullah is guest at Adda today

A LITTLE OVER a year ago, when Omar Abdullah took over as the Chief Minister of Jammu and Kashmir, he knew he was wearing a crown of thorns.

time to read

2 mins

December 17, 2025

Listen

Translate

Share

-
+

Change font size