BluSmart, an Indian integrated EV ride-hailing and charging company, raised $25m in Series A funding.
Backers included bp ventures (lead), Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors. In conjunction with the funding, Sophia Nadur, managing partner at bp ventures, will join BluSmart’s board.
The company intends to 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.
Led by Anmol Singh Jaggi, BluSmart is an integrated EV ride-hailing and charging company with a fleet of electric cabs and a large network of EV fast charging stations across Delhi NCR. The service allows customers to view the last time each car was sanitised and driver vaccination status via the app. 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.
The business is growing quickly in Delhi NCR, having completed 500,000+ electric trips, covered 16 million + clean kms, over 250,000 + app downloads.
FinSMEs
30/09/2021