BluSmart Company Profile, Funding News & Updates

Anmol and Puneet Jaggi, the brothers behind Gensol Engineering and BluSmart Cabs who are linked to a scam, have resigned from the Gensol board, as announced in filings to the stock exchanges.

Evera plans to take back the vehicles through its lenders as part of a phased strategy to boost operations, especially around Delhi’s Indira Gandhi International Airport.

The raids were carried out at company offices in Delhi, Gurugram, and Ahmedabad under the Foreign Exchange Management Act (FEMA).

Eversource has offered Rs 800–1,000 crore ($90–120 million) for BluSmart—about 60% less than its last known value of $300 million.

EV ride-hailing startup BluSmart is in discussions to raise $50 million (around Rs 425 crore) in a Series B funding round. This will be the second time the company has raised funds in the past six months. 

Tata Power, Ather Energy, ElectriVa,  SunFuel Electric, Statiq, BluSmart, Magenta ChargeGrid, and Adani Total Gas are the Top EV Infrastructure Companies in India.

Indian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Indian Startups Funding Roundup – July 15 – July 19, 2024.

In a funding round headed by its current backers, BluSmart, a ride-hailing service that exclusively utilises electric vehicles, raised $24 million, or Rs 200 crore.

BLUSmart, Revolt Motors, 3EV Industries, OLA Electric, Chargeup, Euler Moters, SmartE, ElectricPe, EMotorad, Ather Energy, BGauss, Yulu, Cell Propulsion, and Ultraviolette Automotive are the Top 20 Best Electric Vehicles (EV) Startups in India in 2025.

BluSmart, Ola, Hala Mobility, Zoomcar, Meru Cab, SmartE, Taxida, YULU, Rapido, & Calamus are the Top 10 Best Shared Mobility Startups in India.