📷 Image Credits: Moneycontrol
BluSmart, the electric ride-hailing firm, recently announced securing $24 million in a pre-Series B funding round from key investors like responsibilities Investments AG, ReNew Power CEO Sumant Sinha, and MS Dhoni Family Office. The funding will be utilized to expand BluSmart’s operations and develop robust EV charging infrastructure in India’s major cities. The funding round also saw participation from existing investors and BluSmart founders.
Founded in December 2019 by Anmol Jaggi, Punit K Goyal, and Puneet Singh Jaggi, BluSmart aims to provide a greener ride-hailing option to the Indian market. This recent investment comes after the firm previously received equity and long-term sustainable EV asset funds worth $200 million supported by leading development financial institutions.
BluSmart’s focus on creating a sustainable electric vehicle ecosystem has been well-received in the market, as the company has already raised $109 million across its seed and Series A rounds. With plans to expand its operations and charging infrastructure, BluSmart is set to play a significant role in shaping the future of urban mobility in India.
The firm currently operates in Delhi NCR and Bengaluru and has recently made its international debut in Dubai as a premium all-electric limousine service. With 50 EV charging hubs spread across 2 million square feet, BluSmart has taken significant strides in promoting eco-friendly transportation solutions.
The BluSmart Charge app, launched by the company, offers a seamless charging experience to the public. BluSmart has not only focused on reducing carbon emissions but has also provided economic opportunities for around 9,800 driver partners in India. This blend of sustainability, innovation, and economic empowerment has garnered support from prominent investors like Sumant Sinha and MS Dhoni Family Office.
Investing in BluSmart signifies a commitment to reshaping urban transportation by embracing sustainable choices. The recent funding round highlights the growing importance of EVs in the mobility sector, and BluSmart’s vision of creating a comprehensive eMobility fleet and charging infrastructure aligns with India’s shift towards cleaner, emissions-free transportation.
With strong backing from investors and a clear focus on sustainability, BluSmart is well-positioned to lead the EV revolution in India and drive positive environmental and social impact across urban transportation landscapes.
