BluSmart secures $24M in fresh funding

BluSmart, an EV ride-hailing and charging superhub operator, secured a significant $24M in a recent equity round. Existing investors, founders, and the leadership team actively participated, fueling the round's over-subscription.

• Diverse Investor Base: Investors include BP Ventures, Survam Partners, Mayfield India Fund, 9Unicorns, Green Frontier Capital, Stride Ventures, Alteria Capital, and BlackSoil, among others.

• Previous Funding: BluSmart has amassed over $133M to date, with a substantial $85M in a Series A round across multiple tranches.

• Brand Commitment: BluSmart aims to extend its core values of zero ride denials, punctual service, and eco-friendly transport to new regions.

• Investor Confidence: Co-founder and CEO Anmol Jaggi highlighted exceptional investor confidence and backing from Development Financial Institutions (DFIs).

• Innovative Approach: Launched in 2019 by Anmol Jaggi, Puneet Jaggi, and Punit Goyal, BluSmart challenges ride-hailing giants Ola Cabs and Uber with an all-electric, shared, and intelligent mobility platform.

• Infrastructure Footprint: Manages over 4,000 EV chargers across 34 charging hubs, focusing on Delhi-NCR and Bengaluru.

BluSmart's innovative electric mobility approach and rapid expansion underscore its commitment to sustainable transportation, positioning itself as a formidable contender against traditional ride-hailing models.