Ride & Mobility
BluSmart shifts gears, set to exit ride-hailing to become Uber’s EV fleet partner, ET Infra
Cash-strapped electric ride-hailing startup BluSmart is planning to exit its core business and pivot to operating as a fleet partner of rival Uber, nearly six years after it first entered the mobility space in a similar capacity, said people briefed on developments.
‘BluSmart’s shareholders have approved a plan as per which it will begin a transition of the fleet from its platform to Uber over the next few weeks. This will be facilitated in phases starting with 700-800 cars to begin with,’ said one of the persons. ‘Once the transition is complete, BluSmart will wind up its own ride-hailing business.’ The timeline for this process is still being finalised, the person said.
The pivot comes amid the company’s high cash burn – in excess of ₹20 crore every month. Founders Anmol Singh Jaggi and Puneet Singh Jaggi, who own over 25 per cent of the company, had been injecting large amounts of capital alongside the company’s external funding rounds earlier. BluSmart has an all-electric fleet. Uber launched its rival EV service Green in 2023 with an aim to have 25,000 electric cars on its platform deployed by fleet partners such as Everest Fleet, Lithium Urban Technologies and Moove.
However, with a debt crisis at solar engineering, procurement and construction firm Gensol Engineering, also promoted by the Jaggi brothers, cash is not easily available for investing in the ride-hailing company.
BluSmart had launched an effort to raise $50 million earlier this year but failed to secure any fresh capital from existing investors, said another person in the know. As a result of the cash crunch, BluSmart had delayed March salary payments. Sources said these dues have not yet been cleared.
‘Uber works with a range of fleet operators and routinely engages with third parties to enhance mobility access for riders and earning opportunities for drivers,’ an Uber spokesperson said. ‘We have no updates to share at this time.’
Eyeing fund infusion
Anmol Jaggi did not comment on the development. ET had reported on March 16 that Uber was in early-stage discussions with BluSmart for a potential acquisition.
Once the cars, either owned or leased by BluSmart, are listed on the Uber platform, the startup will get a portion of the fares earned by the vehicles. Uber will keep its commissions from these fares as it does with other drivers or fleet owners. As part of the deal, BluSmart is also eyeing an investment from Uber but discussions remain uncertain in the backdrop of the startup’s deteriorating financial health, said the people cited.
‘BluSmart is looking for a $15-20 million infusion but how this plays out depends on the fleet transition, and whether certain performance conditions are met,’ said one of the people cited above.
Of the 8,000 cars that ply on BluSmart, more than 5,000 are owned by Gensol Engineering, while the remaining are either owned by the startup itself or are leased to it by third-party owners. A deal for the sale of almost 3,000 electric vehicles between Gensol Engineering and Chennai-based Refex Industries had been called off on March 28. Sources had said the transaction did not proceed given the condition of the cars that have been operating on BluSmart. Refex is one of the fleet operators for Uber.
Decline in daily rides
ET had reported in March that, as a result of Gensol’s debt squeeze, BluSmart’s operations had been hit, with the number of daily rides on its platform falling to less than half the 25,000-30,000 it was clocking at its peak last year.
At least three key executives have quit recently – Anirudh Arun, CEO of BluSmart Fleet; Rishabh Sood, chief technology officer; and former Uber India executive Tushar Garg, who was the chief business officer at the EV ride-hailing firm. BluSmart has also scaled down its international ambitions, closing operations in Dubai. Since being founded in 2019, the BP Ventures-backed startup has raised over $150 million in equity and debt funding, according to Tracxn.
The ride-hailing industry in India has undergone a shift over the past year with Rapido gaining market share at Ola’s expense.
Ride & Mobility
Uber and Baidu partner to launch autonomous ride-hailing in global markets
Uber Technologies Inc. and Baidu Inc. have announced a multi-year strategic partnership to deploy autonomous vehicles (AVs) across selected global markets outside the United States and mainland China.
The agreement will see Baidu’s Apollo Go driverless vehicles integrated into the Uber platform, with initial operations expected to begin in Asia and the Middle East later this year.
The partnership aims to enhance ride-hailing services by expanding the availability of autonomous mobility solutions through Uber’s platform.
The collaboration is designed to increase the supply of affordable and reliable rides by supplementing existing transport networks with advanced driverless technology.
Under the terms of the agreement, users requesting eligible Uber trips may be offered the option to travel in a fully autonomous Apollo Go vehicle.
READ MORE: UK DfT fast-tracks self-driving pilots
This marks a significant step in the commercial deployment of AVs beyond pilot programmes and limited urban trials.
Apollo Go currently operates more than 1,000 fully autonomous vehicles and has established a presence in 15 cities worldwide, including Dubai and Abu Dhabi.
As of May 2025, Baidu reports that Apollo Go has provided over 11 million autonomous rides to the public, making it the most widely used driverless ride-hailing service globally by volume.
Co-founder, chairman, and CEO of Baidu, Robin Li, said: “We are committed to bringing the benefit of autonomous driving technology to more people in more markets, and this partnership with Uber represents a major milestone in deploying our technology on a global scale.
“We look forward to working with Uber to deliver safe and efficient autonomous mobility solutions to riders around the world.”
Achievements and innovations in connected autonomous vehicles will be recognised and celebrated at the fourth annual CiTTi Awards on 25 November 2025 at De Vere Grand Connaught Rooms in London. Visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector!
Ride & Mobility
Kakao Mobility pursues Waymo, Baidu partnerships for driverless taxis
A Kakao Mobility self-driving car is being tested in the Pangyo area of Seongnam, Gyeonggi. [KAKAO MOBILITY]
Kakao Mobility, Korea’s top ride-hailing platform operator, is reportedly in talks with global autonomous vehicle leaders to launch a self-driving taxi service in Korea.
Kakao Mobility is pursuing partnerships with the U.S.-based Waymo and China’s Baidu to bring autonomous taxis, also known as robotaxis, to the domestic market through its Kakao T platform, which currently holds over 90 percent of Korea’s taxi-hailing market, according to industry sources and the Ministry of Land, Infrastructure and Transport on Friday.
If these collaborations are finalized and relevant regulatory frameworks are established, Korean users may be able to summon Waymo or Baidu robotaxis via Kakao Mobility’s platform.
The two companies are recognized as leaders in autonomous driving technology. In a March report by global market research firm Guidehouse, Waymo ranked first and Baidu second in autonomous vehicle technology.
“Both companies already operate fully autonomous taxi services — without safety drivers — in urban centers in the United States and China,” an industry official said. “They are widely considered front-runners in autonomous driving with a significant technological lead over competitors.”
Should these robotaxis be introduced to Korea, they would undergo adjustments to meet the country’s road conditions and traffic systems before being deployed for public service.
A Waymo robotaxi seen on a road in San Francisco, California on Oct. 11, 2024 [YONHAP]
Kakao Mobility hopes the vehicles will help accelerate the accumulation of real-world driving data and spur domestic development in the autonomous vehicle sector.
“Rapid progress in autonomous technology requires continuous learning through on-road data,” one automotive expert explained. “Waymo and Baidu have proven the safety of their vehicles in real traffic environments and continue to collect valuable driving data.”
However, even if agreements are reached, significant legal and logistical hurdles remain. Under current Korean law, fully driverless vehicles are not permitted on public roads. Operational areas for autonomous vehicles are also limited.
Expanding to the level of widespread robotaxi deployment seen in parts of the United States and China will take time and require cooperation with Korea’s taxi industry.
“We are in discussions with several leading domestic and international companies regarding service collaborations,” said Kakao Mobility. “However, as talks are ongoing, no specific details or finalized agreements can be disclosed at this time.”
Baidu’s robotaxi RT6, currently in operation in Wuhan, China and other areas, is seen in this photo provided by the company. [BAIDU]
Translated from the JoongAng Ilbo using generative AI and edited by Korea JoongAng Daily staff.
BY YUN JUNG-MIN [[email protected]]
Ride & Mobility
Bolt launches Family Profile in Nigeria to simplify shared rides – Innovation Village
Ride-hailing company Bolt has unveiled a new Family Profile feature in Nigeria, aimed at transforming how families and small support networks coordinate transportation. This new addition enables a single user to manage and pay for rides on behalf of up to nine other people—all within one Bolt account. The move marks a significant shift toward inclusive mobility solutions in a market characterized by communal living and informal ride coordination.
While Bolt is not the first to launch such a feature—Uber pioneered the concept in the ride-hailing space—the platform is strategically adapting the idea to meet Nigeria’s unique mobility dynamics, where multi-generational households are common and transportation responsibilities are often shared among family members.
With the new Family Profile, users can add multiple individuals to a shared account, set monthly ride budgets, and receive real-time notifications about trips. This eliminates the need for constant coordination over phone calls or text messages, which, according to Bolt’s internal data, previously characterized around 2–6% of all rides in Nigeria. These trips often required the payer to relay driver details, track trip progress manually, and resolve post-ride payment concerns—an inefficient and often frustrating process.
Now, riders under the Family Profile can independently request trips through their own Bolt app, while the primary account holder retains complete financial oversight and visibility into ride histories and expenditures. The launch of this feature is part of Bolt’s broader strategy to localize its services and address real-world challenges faced by Nigerian users. For families with elderly members or relatives who may not be tech-savvy, the Family Profile offers a convenient way to ensure safe and reliable transportation without requiring them to navigate the app independently.
“At Bolt, we want to make ride-hailing work for the way people actually move,” said Osi Oguah, Country Manager for Bolt Nigeria. “Family Profile is a simple but powerful way to support others—whether it’s aging parents, adult children, or household staff—without the stress of managing every trip manually. It’s about offering control, visibility, and convenience in one seamless experience.”
The Family Profile maintains Bolt’s strict safety protocols. All added members must be at least 18 years old and possess verified Bolt accounts. The company has clarified that rides cannot be booked for unaccompanied minors, citing legal and safety reasons. However, the feature remains ideal for scheduling transportation for older adults or coordinating rides for family members with limited digital literacy.
This update builds on Bolt’s existing in-app safety features such as trip verification codes, live location sharing, real-time ride monitoring, and emergency assistance options—tools designed to reassure users in an increasingly safety-conscious market.
Bolt’s launch of the Family Profile also comes shortly after reporting a 42% drop in offline (untracked) rides over the past three months, a sign that users are increasingly turning to digital tools for secure and transparent transportation. By integrating family-focused features, Bolt reinforces its ambition to lead the ride-hailing industry in both safety and user empowerment.
The rollout of Family Profile is not just a feature upgrade; it’s a strategic evolution of Bolt’s services, grounded in the everyday realities of Nigerian households. As mobility continues to digitize across the country, innovations like this are likely to play a crucial role in shaping how families move together—safely, efficiently, and with greater peace of mind.
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