Invest in BluSmart Bonds via TapInvest: High Yield & Short-Term Investment
Introduction:
Blu Smart bonds are an attractive fixed-income option for investors looking for short-term gains with attractive yields. In this blog, we’ll discuss BluSmart bonds, the company’s unique position in the market, and why this investment is a noteworthy addition to your portfolio.
Key Features of the BluSmart Bond:
- Yield: The BluSmart bond offers a yield of 15.00%, with a coupon rate of 12%, making it an enticing choice for investors seeking high returns.
- Type: This is a secondary bond offering, providing investors access to previously issued bonds in the market.
- Tenure: The bond has a short tenure of 8 months, which is ideal for investors looking for a relatively quick return on investment.
- Minimum Investment: The minimum investment requirement is ₹1,00,000, allowing accessibility for various investors.
- Maturity Date: The bond matures on 11/01/2025 when the principal amount will be repaid to investors.
- Payouts: Investors will receive monthly interest payments, with the principal amount paid at maturity.
- Payout Schedule: Detailed information on the payout schedule can be found in Blu Smart cash flow.
About BluSmart:
At a time when India’s cab services were dominated by Uber and Ola, who held nearly 90% of the market share, BluSmart entered the market with an innovative all-electric Cab Service.
What started as a simple car-pooling service, BluSmart is valued at $134M with a fleet of
over 3,000 electric cars and 140 million clean km under their belt in 2024.
Founded by Anmol Singh Jaggi, Punit K Goyal, and Puneet Singh Jaggi, Blue Smart offers various services, such as rentals, scheduled city rides, and affordable airport rides. Currently operating in Delhi NCR and Bangalore, the company plans to expand all over India.
Key Highlights:
- Extensive Fleet and Infrastructure: BluSmart has India’s largest fleet of zero-emission EVs and has driven over 200 million fully electric kilometres.
- Innovative Business Model: BluSmart uses EVs, which boast lower operating costs, better unit economics, and a quicker path to profitability. The company’s full-stack approach maintains complete control over EV assets and infrastructure, providing a superior customer experience.
- Significant Projects: BluSmart has developed 25 EV Charging Superhubs across Delhi NCR and Bengaluru, with over 4,000 chargers. The company has completed 6.3 million fully electric trips with a fleet that grew from 10 EVs in January 2019 to 3,500 by April 2023.
Founding Team: The founding team includes experienced professionals with backgrounds in renewable energy, infrastructure, and mobility. Notable members include:
- Anmol Singh Jaggi (co-founder & CEO) is the founder of Gensol Engineering Limited, with 15 years of experience in renewable energy and infrastructure.
- Punit K Goyal (Cofounder): Founder of PLG Power and other clean energy ventures with over a decade of experience in the sector.
- Tushar Garg (Cofounder and CBO) is an IIT Delhi graduate with experience at Uber India and in the ed-tech industry.
- Anirudh Arun (Cofounder & COO): An IIT Roorkee graduate with experience at Schlumberger and in sports analytics.
- Rishabh Sood (Cofounder & CTO): An IIT Roorkee graduate and IIM A alumnus with experience at Asian Paints and in sports analytics.
- Rahul Jain (CFO): A CFA with experience in various industries, including pharmaceuticals and finance.
Ownership Details: BluSmart is wholly owned by Blu-Smart Mobility Pvt. Ltd., with the six founders holding over 30% of the company as of May 2023.
Funding and Investor Details:
| Series | Amount | Date | Investors |
| Seed | $3M | Sept 2019 | Mayfield, Kalpavriksh Fund, Hero MotoCorp, Mehta Group, Micromax Informatics |
| Pre-Series A | $7.8M | Aug 2020 | IPV, Venture Catalysts, Mumbai Angels, Kalpavriksh Fund, Faad Network, KiaOra Ventures, Kochi Holdings |
| Series A | $77M | Oct 2021-Mar 2023 | BP Ventures, Z Nation Lab, Alteria Capital, Mayfield, Survam Partners, 9Unicorns, Kalpavriksh Fund, BlackSoil, Stride Ventures, Green Frontier Capital, Panthera Capital Investments, Trifecta |
| Debt | $21M | – | – |
Competition:
| BluSmart | Lithium with Uber | Evera Cabs | Snap-E |
| Funding | $109M | $28.9M | $7.14M | Owned by Steelman Telecom Limited |
| EV Fleet | 3,500+ | 3,000+ | 238+, adding 2,000+ | 700+, adding 4,000+ |
| Charging Infra | 4,000+ | 1,100+ | Partnered with Adani TotalEnergies | 850+ |
| Revenue (FY22) | INR 28.9 Cr | INR 26.4 Cr | – | – |
| Key Revenue Driver | Retail bookings | Corporate employee transportation | – | – |
| Rating | Unrated | BBB+ | – | – |
Highlights and Metrics:
- App Ratings: BluSmart’s Android and iOS apps have a stellar 4.9/5 rating based on thousands of reviews.
- Efficiency: The EV Charging Superhubs deliver industry-leading utilisation and cost efficiency, with running costs as low as US$0.02 per km.
Expansion Plans:
BluSmart’s expansion plans include:
- Partnering with Bangalore and Delhi Airports for exclusive EV pick-up zones.
- Orders for 15,000+ BluSmart EVs have been placed, and financing has been secured from various sources, including the Power Finance Corporation (PFC) and the Indian Renewable Power Development Agency (IREDA).
Risks:
- BluSmart’s business model is heavily CapEx-driven, with significant investments in EVs and charging infrastructure.
- The company’s approach contrasts with competitors like Uber and Ola, which also explore the electric vehicle space, leading to potential medium-term competition.
- The heavy equity infusion by founders, especially Anmol Singh Jaggi, suggests caution from other venture capitalists.
Conclusion:
BluSmart bonds offer a promising investment opportunity with a high yield, short tenure, and monthly payouts. Backed by BluSmart’s solid position as a leader in the EV ride-hailing sector and its solid expansion plans, this investment provides a unique opportunity for investors looking to capitalise on the growing demand for sustainable transportation solutions.
Sign up on TapInvest and explore the BluSmart bond to secure your financial growth with a stable investment in the EV sector. Take advantage of this opportunity to join India’s green mobility revolution!
