BluSmart raised $7 million in pre-series A investment

Delhi NCR-based all-electric ride hailing platform BluSmart Mobility Pvt Ltd has raised $7 million or ₹fifty one crore in pre-series A investment from a couple of traders such as Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd., JITO Angels, Lets Venture Fund and Kaplavriksh Fund, the organization stated on Monday.

The organization, which is likewise in talks to elevate undertaking debt, stated that the finances might be applied in increasing its fleet, putting in electric vehicle (EV) charging infrastructure, and making technology related improvements whilst growing its footprint.

Led through founders Anmol Singh Jaggi and Punit K Goyal, BluSmart had raised $three million in a seed spherical in September last year. The startup additionally has appointed Anirudh Arun as COO and Rishabh Sood as the CTO.

The startup, that is seeking to forge strategic partnerships with automotive, infrastructure and power companies, plans to add ‘lots of electric automobiles and masses of charging stations’ toits platform in 2021, it stated.

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“We are looking at augmenting the EV uptake by expanding fast electric automobile charging infrastructure for an easy charging practice,” stated Goyal.

Mitesh Shah, Cofounder, Inflection Point Ventures stated that the undertaking capital firm, with its sizable investor base of CXOs from various industries such as EVs, car and banking, financial offerings and insurance (BFSI), will assist BluSmart in developing its fleet economically in addition to amplify its network.

To inspire clients to use the experience hailing offerings, the startup stated it is imposing key hygiene and protection measures together with tracking the health status of drivers daily, clients pre-ordering a masks even as booking their rides, amongst others.