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

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

01/29/24, 10:03 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgdelhi
Money raised
$25 million
Industry
transportation
Investors
Respons Ability
BluSmart has received a fresh funding of $25 million from Switzerland-headquartered impact fund ResponsAbility to expand their EV charging infrastructure.

Company Info

Company
BluSmart
Location
delhi, delhi, india
Additional Info
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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