[Funding alert] EV Ride-hailing Mobility Platform BluSmart Secures $24 Mn From Existing Investors, Others

In a recent equity round, BluSmart Mobility, an electric ride-hailing mobility service and EV charging platform secured $24 million.

The founders, current investors, and the executive team participated in the round and oversubscribed, as reported by Entrackr. The company is supported by BP Ventures, Survam Partners, Mayfield India Fund, 9Unicorns, Green Frontier Capital, Stride Ventures, Alteria Capital, and BlackSoil, among others.

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With sustainability at the heart of everything they do, their mission is to create a complete and all-encompassing platform for electric on-demand mobility, thereby contributing to the transformation of Indian cities.

“We will continue to expand our brand promise of zero ride denials, on time service and clean mobility to more geographies. The overwhelming support for the rights issue by our investors and belief exhibited by leading Development Financial Institutions (DFIs) shows exceptional confidence in our mission” said Anmol Singh Jaggi, co-founder and CEO of BluSmart in a statement.

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BluSmart is a ride-hailing service that operates solely on electricity. Their goal is to provide urban India with economical, safe, intelligent, dependable, and efficient transportation options while also guiding the country towards sustainable mobility. The news was first reported by Entrackr.

About BluSmart

BluSmart is an all-electric social and intelligent mobility network that was founded in 2019 by Anmol Jaggi, Puneet Jaggi, and Punit Goyal. It offers sharing rides, car-sharing services, and scooter-sharing services.

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