BluSmart Appoints Rupa Devi Singh As Independent Director

EV fleet major BluSmart has roped in Rupa Devi Singh as a new independent director on its board. 

With this, BluSmart’s board now has two independent directors – Singh and Azure Power’s former chairman and CEO Inderpreet Singh Wadhwa, the startup said in a statement. 

Singh brings with her 15 years of experience in the fields of banking and infrastructure advisory. She currently serves on the board of JSW Energy, KCT Bros Coal Sales Ltd, and Fourth Partner Energy. 

Earlier, she also held directorship roles at IDBI Capital Markets Ltd, ACME Solar Ltd, and DCB Bank Ltd. Singh was also the founder, MD and CEO of Power Exchange India Ltd (PXIL). 

Commenting on the appointment, Singh said, “I am excited to join the BluSmart board at such a transformative time in its journey. I look forward to contributing to the company’s vision of revolutionising sustainable urban mobility and driving impactful change in the EV ecosystem.”

BluSmart cofounder and chairperson Anmol Singh Jaggi said, “We are thrilled to welcome Ms. Singh to our board of directors. Her vast experience in infrastructure and structured finance will be invaluable in accelerating our mission to decarbonise mobility at scale and building the company for the long term.”  

Founded in 2019 by Jaggi and Punit K Goyal, BluSmart offers EV ride-hailing services and charging infrastructure across Delhi NCR, and Bengaluru. The startup currently operates over 7,300 EVs and aims to increase the fleet size to 10,000 across Delhi NCR and Bengaluru by the end of this year.

In July, it raised $24 Mn in its Pre-Series B funding round with an eye on expanding its operations and building EV charging infrastructure. 

On the financial front, BluSmart claimed to have clocked a revenue of INR 390 Cr in the financial year ending March 31, 2024 as against INR 160 Cr in FY23. 

BluSmart competes against the likes of Uber, Ola, Rapido, InDrive, and Shoffr, among others.