BluSmart has raised $25 million in Series A round led by bp ventures

EV ride hailing and charging company BluSmart has raised $25 million in a Series A funding round which included $13 million investment by bp ventures. The others supporting the fund raise were Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors. BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years.

BluSmart is India's first and largest integrated EV ride-hailing and charging company, and aims at delivering safer, cleaner and more sustainable mobility. It is the first service of its kind with no surge pricing or rides rejected by drivers. The company also removes the financial burden of vehicle ownership by leasing vehicles to drivers and oversees all vehicle maintenance, to help reduce driver stress.

7 views0 comments