BluSmart to source green power for its EV charging operations

BluSmart has entered into a multi-year Power Purchase Agreement with Tata Power Trading Company Limited (TPTCL), a wholly-owned subsidiary of TATA Power to source green power. TPTCL will source 30 MW capacity from TATA Power’s 200 MW Solar PV power plant in Bikaner district, Rajasthan.

Enabled by the recently enacted Green Energy Open Access Rules, this partnership with TPTCL allows BluSmart to eliminate Scope 2 emissions from its existing EV charging infrastructure and future charging hubs.

Co-founder of BluSmart “Punit K Goyal said, “BluSmart has already covered 0.4 billion electric km to date, and we are excited that the journey to 1 billion electric km will now be powered by 100% renewable energy“.

“Tata Power Trading Company has been at the forefront of promoting clean and alternative energy adoption through customized offerings. Our partnership with BluSmart will help them in decarbonizing mobility in the country. We are committed to support multiple industries in
achieving their RE Goals. through our sustainable, innovative and affordable energy solutions. ” said, Tarun Katiyar, CEO, Tata Power Trading Company Limited

BluSmart operates nearly 6,000 EVs and has completed over 12 million all-electric trips. The company also owns and operates 4,000 EV Chargers across its 35 EV Charging superhubs spread across 1.4 million sq. ft. in Delhi NCR and Bangalore. BluSmart has crossed USD 55 million in annual revenue run-rate.

To date, BluSmart has raised USD 200 Mn in growth capital (equity and debt). It has also secured long-term and sustainable EV asset financing of USD 210 million backed by leading Development Financial Institutions (DFIs).

Also read: BluSmart hits 200 million electric km