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BluSmart Mobility raising $24M in a pre-Series B round from existing investors for capital-intensive business requirements.

May 23, 2024over 1 year ago

Amount Raised

$24 Million

GurugramInformation Technology

Investors

Black SoilAlteria CapitalStride VenturesGreen Frontier CapitalJito Angel Network9 UnicornsMayfield India FundSurvam PartnersBp Ventures

Description

BluSmart Mobility is raising approximately $24 million in a pre-Series B round via the right issue. The company aims to meet its capital-intensive business requirements.

Company Information

Company

Blu Smart

Location

Gurugram, Haryana, India

About

BluSmart is India's first and leading all-electric ride-hailing mobility service. We are here for a reason. We are on a mission to steer urban India towards a sustainable means of transportation and to provide them efficient, affordable, intelligent, safe and reliable mobility. With sustainability being at the core of our operations, our vision is to help transform the Indian cities by building a holistic and comprehensive electric on-demand mobility platform.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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