India’s Uber-rival BluSmart pumps up EV charging with $25M investment

Jan 29, 2024•almost 2 years ago

Amount Raised

$25 Million

DelhiTransportation

Investors

Respons Ability

Description

BluSmart has received a fresh funding of $25 million from Switzerland-headquartered impact fund ResponsAbility to expand their EV charging infrastructure.

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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Funding Insights

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