An Indian ride hailing service is stepping up to expand its operations and build a network of electric vehicle (EV) charging infrastructure in the mega-cities of India after securing new investment.
BluSmart, founded in 2019 and based in Gurugram, claims to be South Asia’s first and largest vertically integrated EV ride hailing service and EV charging infrastructure provider. It has successfully completed a pre-series B funding round, securing $24m (£18.6m) in investment.
Punit Goyal, co-founder of BluSmart, said: “BluSmart is building an integrated energy infrastructure, mobility and technology company to take the full advantage of the EV revolution. Our latest fundraise of $24m is an important step in our journey to scale the eMobility fleet and EV charging infrastructure.”
Sameer Tirkar, head of climate infrastructure investments APAC at responsAbility Investments AG, said: “We are happy to continue our partnership with BluSmart through our second round of funding.
“BluSmart has been able to lead the way in building from the grounds up an entire EV ecosystem to disrupt the conventional modes of commute without compromising on reliability and convenience.
“We believe in their vision and capabilities in creating positive environmental and social impact by reducing carbon emissions in urban transportation.”
Main image: BluSmart with with responsAbility Investments AG
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