BluSmart, an EV ride-hailing startup, has brought $25 million up in its Series A round drove by BP Ventures. Mayfield India Fund, 9Unicorns and Survam Partners alongside existing investors have additionally joined the round.
BP Ventures has driven the round by putting $13 million in the current round. This is the first investment in an Indian startup by the US-based funding firm. It has invested nearly $800 million in a greater number of than 60 organizations across seven geologies.
According to BluSmart, the new capital will be utilized to expand its armada of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the upcoming two years.
Established by Anmol Jaggi and Punit Goyal, BluSmart is an all-electric, shared, and savvy mobility platform for ride-sharing, vehicle sharing, and bike sharing.
The startup guarantees that its business is growing rapidly in Delhi NCR, which addresses 20% of India’s mobility market, which BluSmart estimates has as of now saved over approximately 1,500 tons of CO2, with more than 650,000 traveler trips completed to date.
