Tata Motors Finance extends Rs 25 crore credit to BluSmart Mobility for expanding EV fleet

The structured credit arrangement is valued at around Rs 25 crore.

Mumbai-Tata Motors Finance Ltd., one of the automotive industry financiers, has teamed with BluSmart Mobility, a leading electric vehicle ride-hailing service and charging infrastructure operator, to expand its fleet and operations in Delhi NCR.

The credit arrangement is available in the form of an umbrella finance cum lease solution, allowing BluSmart to increase its fleet by 200 electric vehicles. The structured credit arrangement is valued at around Rs 25 crore.

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

Samrat Gupta, MD& CEO of Tata Motors Finance said, “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.”  

Anmol Singh Jaggi CEO and Co- founder of Blue Smart added, “We are excited to partner with Tata Motors Finance to further strengthen the growth of BluSmart. The association will enable us to expand our fleet and enhance our presence in the market, providing efficient, reliable, and eco-friendly transportation services to our consumers.”