Electric ride-hailing startup BluSmart raise $250 million from BP Ventures

Electric ride-hailing startup BluSmart is reportedly raising $250 million from investors including BP Ventures.

BluSmart provides electric mobility services and claims to have completed over 1.6 million trips in the Delhi NCR region. BluSmart intends to use the funds to purchase additional EVs and expand its charging infrastructure. It also intends to increase its investment in technology and expand the service to more Indian cities. With India attempting to strengthen the country's EV ecosystem and citizens showing an interest in EV adoption, Indian EV companies across segments are gaining significant traction from both domestic and foreign inventors.

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