Ev Ride-Hailing Platform Blusmart Raises $24 Million

Dec 21, 2023•almost 2 years ago

Amount Raised

$24 Million

DelhiTransportation

Description

Electric vehicle (EV) ridehailing platform BluSmart has raised $24 million, or around Rs 200 crore, in fresh capital from some of its existing investors, founders and leadership team, the company said in a statement on Thursday.This makes it the second successive funding round for the Gurugram-based startup. The funding was in the form of a rights issue, and has not seen participation from new investors. The round also saw BluSmart’s founders increasing their stake in the company.

Company Information

Company

BluSmart

Location

Delhi, Delhi, India

About

It led a $25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors, the firm said in a statement. "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," it said. BluSmart is India's first and largest integrated EV ride-hailing and charging company, and aims to deliver safer, cleaner and more sustainable mobility.

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Ev Ride-Hailing Platform Blusmart Raises $24 Million

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