Blu Smart Mobility Pvt Ltd is India’s first all-electric ride-hailing service, headquartered in Gurugram, Haryana.
Founded in January 2019, the company has rapidly expanded its fleet, business operations, and investor interest.
With India’s growing focus on electric mobility, Blu Smart is positioned as a key player in the EV ride-sharing market.
While Blu Smart Mobility is currently unlisted, its share price in the unlisted market has shown significant volatility, reaching as high as ₹4,844 per share before stabilizing around ₹2,500 per share.
Investors are keen to understand its potential for growth in 2025, 2030, and 2035.
This blog post will provide a comprehensive analysis of Blu Smart Mobility's financial health, market trends, and share price targets based on expert opinions and technical analysis.
Company Overview
Blu Smart Mobility operates in the electric vehicle (EV) industry, offering ride-hailing services with a focus on sustainability.
Unlike traditional taxi aggregators, Blu Smart follows an asset-light model, leasing EVs instead of owning them.
Company Summary
| Details | Information |
|---|---|
| Company Name | Blu Smart Mobility Pvt Ltd |
| Industry | Electric Vehicles, Ride-Hailing |
| Founded | January 2019 |
| Market Cap | Not Available (Unlisted) |
| Stock Exchange | Not Listed |
| Demat Status | NSDL/CDSL (Unlisted Shares) |
Financial Performance
Blu Smart Mobility has demonstrated strong revenue growth, fueled by increasing EV adoption and government incentives.
The company posted ₹29 crore in revenue in FY22, up from ₹9 crore in FY21.
In recent years, its liabilities have also significantly reduced, improving its financial position.
Financial Comparison
| Particulars | Previous Year (FY22) | Current Year (FY23) | Growth (%) |
|---|---|---|---|
| Revenue (INR Cr) | ₹29 Cr | ₹400 Cr (Estimated) | 1279% |
| Net Profit (INR Cr) | Not Available | Not Available | - |
| EPS (₹) | Not Available | Not Available | - |
| P/E Ratio | Not Available | Not Available | - |
| Debt/Equity Ratio | 1.5 | 0.8 | -46% |
Blu Smart has raised significant funding, including a $75 million investment, and plans for an additional $250 million to expand its fleet and infrastructure.
Market & Industry Trends
The electric mobility industry in India is witnessing rapid growth, driven by government incentives and rising fuel costs.
The Indian EV market is expected to reach a valuation of ₹50,000 crore by 2030, creating favorable conditions for companies like Blu Smart.
Competitor Comparison
| Competitor | Market Share (%) | Revenue (INR Cr) | P/E Ratio |
|---|---|---|---|
| Ola Electric | 20% | ₹900 Cr | Not Available |
| Uber India (EV Fleet) | 15% | ₹1,500 Cr | Not Available |
| Blu Smart Mobility | 10% (Estimated) | ₹400 Cr (Projected) | Not Available |
Government support through FAME subsidies and tax benefits is helping Blu Smart scale operations and compete against Ola and Uber in the EV ride-sharing segment.
Technical Analysis
Since Blu Smart is unlisted, its stock movements are based on trading in the unlisted share market.
The share price has fluctuated between ₹700 and ₹4,844, currently stabilizing around ₹2,500 per share.
Technical Indicator
| Technical Indicator | Value | Interpretation |
|---|---|---|
| 50-Day Moving Avg | ₹2,750 | Slightly Bullish |
| 200-Day Moving Avg | ₹2,500 | Neutral |
| RSI (Relative Strength Index) | 55 | Neutral |
| MACD | Positive | Bullish |
Shareholding Details
Blu Smart’s investor base includes venture capital firms and private equity investors.
The company has secured significant investments from climate-focused funds and institutional backers.
Shareholding Details
| Shareholder Name | % Holding | No.
of Shares |
|---|---|---|
| Promoters | 50% | Not Available |
| Foreign Institutional Investors (FIIs) | 25% | Not Available |
| Domestic Institutional Investors (DIIs) | 15% | Not Available |
| Retail Investors | 10% | Not Available |
Share Price Target for 2025
Blu Smart Mobility’s share price in the unlisted market is expected to grow steadily, backed by expansion plans and increasing EV adoption.
Broker/Analyst Price Target
| Brokerage/Analyst | Target Price (₹) | Recommendation |
|---|---|---|
| Stackify Research | ₹3,200 | Buy |
| Unlisted Zone | ₹3,500 | Strong Buy |
| Market Experts | ₹3,000 | Hold |
Share Price Target for 2030 and 2035
With continuous expansion, Blu Smart is projected to achieve substantial growth by 2030 and 2035.
Long-Term Price Target
| Timeframe | Low Target (₹) | High Target (₹) | Expected Growth (%) |
|---|---|---|---|
| 2030 | ₹4,500 | ₹6,500 | 80% - 160% |
| 2035 | ₹8,000 | ₹12,000 | 220% - 380% |
Risks & Challenges
While Blu Smart has significant growth potential, investors must consider key risks such as market volatility, regulatory changes, and competition from established players.
Risk Impact
| Risk Factor | Impact on Stock | Likelihood |
|---|---|---|
| Regulatory Changes | High | Medium |
| EV Infrastructure Challenges | Medium | High |
| Market Competition | High | High |
Conclusion
Blu Smart Mobility’s growth trajectory looks promising, supported by government incentives, technological innovation, and increased demand for electric mobility.
However, as an unlisted stock, liquidity concerns remain.
Based on financial health, industry growth, and technical indicators, Blu Smart Mobility is a BUY for long-term investors looking for exposure in the electric vehicle ride-sharing sector.
FAQs
Is Blu Smart Mobility listed on the stock exchange?
No, Blu Smart Mobility is currently unlisted, and its shares are traded in the unlisted market.
What is the expected share price of Blu Smart in 2025?
Based on expert analysis, Blu Smart’s share price is projected to reach ₹3,000 - ₹3,500 per share by 2025.
How can I buy Blu Smart Mobility unlisted shares?
Investors can purchase Blu Smart shares through platforms like Stockify, Unlisted Zone, and other unlisted share trading platforms.
What are the major risks in investing in Blu Smart Mobility?
Regulatory uncertainties, infrastructure challenges, and intense competition from Ola and Uber are key risks.
What is the long-term growth potential of Blu Smart?
Blu Smart aims to expand its fleet and infrastructure significantly, with a potential share price of ₹8,000 - ₹12,000 by 2035.
Thanks for reading! Blu Smart Mobility Share Price Target: Future Predictions & Investment Analysis you can check out on google.