BluSmart Mobility’s EV Fleet Expansion Receives INR 25 Cr Structured Credit Facility from Tata Motors Finance

New Delhi: In order to expand its fleet and operations in the Delhi NCR area, BluSmart Mobility has collaborated with Tata Motors Finance (TMF), one of India’s top automotive lenders, and India’s first and leading EV ride-hailing service, and EV charging superhub infrastructure operator. BluSmart will be able to add 200 electric vehicles (EVs) to its fleet thanks to a credit facility provided in the form of an umbrella finance cum leasing solution.

At the historic signing were Samrat Gupta, MD & CEO of Tata Motors Finance; Anand Bang, Chief Operating Officer; Surinder Kamboj, Business Head Passenger Vehicles; Anmol Singh Jaggi, CEO & Co-Founder of BluSmart; and other dignitaries, and stakeholders from Tata Motors Finance, and BluSmart Mobilty.

According to Samrat Gupta, MD & CEO of Tata Motors Finance, “Tata Motors Finance is dedicated to provide solutions to EV fleet operators within TML ecosystem in fulfilling their mobility expansion needs through tailor-made credit offerings.” TMF’s dedication to the electric vehicle mobility area is shown through our relationship with BluSmart Mobility.

At the signing event, BluSmart CEO and co-founder Anmol Singh Jaggi expressed his excitement about collaborating with Tata Motors Finance to boost the company’s development. Through this partnership, we will be able to increase our fleet size and strengthen our position in the industry, better serving our customers while also reducing our impact on the environment.

When it comes to financing a Tata Motors Commercial Vehicle, no one does it better than Tata Motors Finance Limited (TMFL). Despite its prominence, this NBFC does not accept deposits. Established in 1957 under a previous name, TMFL is one of the first automobile finance companies in the world. The company’s 350+ branch networks and the sales outlets of Tata Motors dealers provide it a significant presence in India. The primary goals of TMFL’s operations are to support Tata Motors and its strategic alliance partners.

To learn more visit www.tmf.co.in

Tata Motors Finance Corporate Communications: Please mail us at corporatecommunication@tmf.co.in or call +91 22 6181 5400.

BluSmart is leading India’s path to zero emission mobility, and we will continue to improve the quality of lives for people, improve the quality of lives of the driver partners and continue to provide the “most reliable ride hailing service to customers”. It has the largest fleet of electric cabs and the largest network of EV fast charging stations across Delhi NCR and Bengaluru. For more information, visit: https://blu-smart.com/