BLUWHEELZ MOBILITY SERVICES PRIVATE LIMITED

Business Overview

BluWheelz (Bluwheelz Mobility Services Pvt Ltd) is an EV fleet-electrification and last-mile logistics company. Per its official site (bluwheelz.co.in): offers "FCO" (Fleet as a Capex Offering), "DCO" (Fleet as a Debt Capex Offering), and "RETROFIT" (converting existing ICE vehicles to electric powertrains), plus fleet-electrification consulting. Positions itself around clean-km transported, carbon emissions saved, and clean tonnage transported. Named clients/partners referenced on-site: Amazon, Swiggy, Uber, Delhivery, BigBasket, Blue Dart, Porter. [Source: bluwheelz.co.in]

Sector & Classification

Transport/logistics — NIC activity described as "Supporting and auxiliary transport activities, activities of travel agencies" (Tofler) / "Services incidental to land, water & air transportation" (Falconebiz). Sector: Transport and Logistics — EV fleet leasing / last-mile logistics.

Directors & Key Management

GST Registrations

Not obtained. No individual GSTIN pages were locatable for this entity on knowyourgst.com, findgst.in, or mastersindia.co within allowed sources (search-based lookups on these aggregators require JS-driven forms not reachable via fetch, and no GSTIN was surfaced by any profile page). TheCompanyCheck and Tofler both indicate GSTIN as locked/premium or absent. Primary GSTIN, home state, #registrations, and status: not obtained.

Financials

FY2025 (year ended 31 Mar 2025), entity-level (standalone; company has no disclosed subsidiaries):

- Revenue: ~Rs 19.93 Crore, up ~319% YoY (TheCompanyCheck explicit figure; Tofler independently shows "318.74%" revenue growth and a "Rs 10-25 crore" revenue band — the two sources corroborate each other, so this figure is treated as confirmed).

- EBITDA / PAT (absolute): not obtained (locked behind premium access on both Falconebiz-style aggregators; Tofler shows only margin ratios: Net Profit Margin 36.5%, Operating Margin 36.58% — absolute Rs figures not disclosed, so not computed/invented here).

- Net worth: direction only — Tofler shows "Net Worth Change: -302.46%" YoY (implies a swing, possibly into/out of negative net worth); absolute figure not obtained.

- Borrowings: Tofler shows "Borrowings Change: +7002.67%" YoY (large debt build-up implied); absolute figure not obtained.

- ROCE: 869.35%, Debt-to-Equity: -0.73, Assets growth: 17.6% (all per Tofler; single-source, unverified elsewhere).

- Last AGM: conflicting — Tofler says 30 Sept 2023 (likely stale); TheCompanyCheck says 30 Sept 2025 (more recent, treated as more reliable).

- Auditor: KUNAL BATRA AND COMPANY (FY2024, per TheCompanyCheck).

Funding History

Not obtained. Tracxn's public entity page for this company was not reachable via fetch (404 on attempted URLs), and no funding-round data was found on any other allowed source. Given the small paid-up capital (~Rs 10-12 lakh) and a registered charge (see Charges), the company's growth appears debt-financed rather than equity-funded to date, but no formal funding round could be confirmed.

Shareholding

Not obtained — locked behind premium/paywalled access on both Tofler and TheCompanyCheck. No shareholding pattern or cap table could be confirmed.

Loans & Charges

Conflicting across sources. TheCompanyCheck: open charge of Rs 60 Lakh registered 27 Mar 2025, lender listed only as "Others"; Rs 0 satisfied charges. Tofler (likely stale, dated to its last-updated snapshot referencing a 2023 AGM): "the company has no registered charges." The more recent TheCompanyCheck data point (2025) is treated as more current; Rs 60 Lakh open charge is best available figure but lender identity not obtained.

Related Parties

No formal group/related-party structure confirmed. Tofler notes the company is "connected via shared directors" to 13 other entities (including LEAP INDIA LIMITED, paid-up capital Rs 327.6 Cr) — this reflects common directorships only, not confirmed common ownership or group affiliation, and should not be read as a sister-company/group claim without further verification (entity-confusion risk flagged per instructions).

Credit Ratings

None found. No CRISIL/ICRA/CARE rating located; direct CRISIL ratings search returned no result for this company. Consistent with a small, early-stage private company that likely has no formal external credit rating.

Legal & Compliance

Two matters found on Indian Kanoon:

1. Honnenhalli Javeragowda Bharathi vs M/S Bluwheelz Mobility Services — Delhi High Court (Orders), 21 July 2026, before V. Kameswar Rao & Manmeet Pritam Singh Arora JJ.

2. Workex Solutions and Services Private Limited vs Bluwheelz Mobility Services Private Limited — Delhi District Court, Commercial Suit No. 9 CS (COMM) 701/25, filed 1 April 2026.

Both are recent 2026 filings; nature/outcome of proceedings not detailed in the summaries obtained. [Source: indiankanoon.org]

Competitive Landscape

Peers in the India EV fleet-leasing / EV-as-a-service / last-mile-logistics-electrification space (rough scale tags, not independently verified for this task):

- Euler Motors (larger — EV OEM + fleet financing, well-funded, VC-backed)

- Vecmocon Technologies (mid — EV powertrain/telematics tech enabling fleets)

- Turno (formerly Battery Smart-adjacent EV asset financing platforms) (mid, VC-backed)

- Mahindra Last Mile Mobility / Treo fleet programs (large — OEM-backed)

- Chalo/BluSmart-adjacent EV fleet operators (BluSmart itself, larger, VC-backed, though primarily ride-hailing not freight)

- Numeric-style smaller regional EV fleet-as-a-service startups (comparable/smaller scale to BluWheelz)

Note: none of these were cross-verified against BluWheelz directly in this pass; listed as directionally relevant based on business-model similarity (EV fleet leasing/retrofitting for logistics).

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