Can an electric ride-hailing startup take on Ola and Uber in India and actually reach profitability? In this episode, we uncover how Anmol Singh Jaggi is building BluSmart Mobility, India’s all-electric cab service, into a potential EV unicorn reshaping urban mobility.

Anmol Singh Jaggi’s entrepreneurial journey began in college, scaled with a public IPO at Gensol Engineering, and has now pivoted to solving the toughest problem in ride-hailing: profitability. With BluSmart, he’s betting on an asset-heavy EV fleet model, charging infrastructure as a moat, and a no surge, no cancellations customer promise. In this candid conversation with Akshay Datt, Anmol reveals the hard lessons of building during India’s funding winter, his contrarian bet against the “asset-light” VC playbook, and why EV fleets and charging hubs could be the real moat in the future of ride-hailing. This episode is packed with insights on unit economics, funding, policy shifts, and market disruption that every founder, operator, and investor should hear right now.

Key Highlights:

How Anmol Singh Jaggi built Gensol from dorm-room startup to IPO
The founding story of BluSmart and its all-EV ride-hailing model
Lessons from scaling during India’s funding winter and COVID shocks
Why owning EV fleets and charging infra may beat asset-light models
The no surge/no cancellation promise as a customer-first growth lever
Policy, capital cycles, and the macro future of EV mobility in India

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YouTube Chapters
00:00 - Anmol Singh Jaggi’s Startup Journey
05:20 - From Carbon Credits to IPO at Gensol
13:15 - Why BluSmart Chose EV Ride-Hailing
21:40 - Breaking the Asset-Light VC Myth
29:55 - BluSmart’s No Surge, No Cancellation Promise
38:20 - Building EV Charging Infrastructure as a Moat
46:30 - Scaling BluSmart During India’s Funding Winter
55:10 - India’s EV Policy & Market Shifts
01:02:40 - Competing With Ola & Uber in India
01:09:15 - What’s Next for BluSmart and EV Mobility

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