BlueSmart, an EV ride-hailing company with roots in the Indian capital Delhi, has raised $25 million in a Series A round led by BP Ventures on an unprecedented scale in India’s EV sector.
Mayfield India Fund, 9 Unicorns, Sarvam Partners and other existing investors also participated in the round.
The company plans to use these funds to grow its operations in Delhi and expand its fleet of electric vehicles and charging stations to five more Indian cities over the next two years.
BlueSmart is a ride-hailing service similar to Ola and Uber, with the added bonus of being able to use an entire fleet of electric vehicles. The first and largest integrated EV ride hailing and charging company in India, we aim to provide safer, cleaner and more sustainable mobility.
There are a few other key differences that could help BlueSmart stay ahead of the competition—most importantly, the lack of rising prices. In addition, the driver will not be able to refuse the ride. This can dispel the idea that ride hailing services are a bit daunting for partner drivers, but by keeping their welfare in mind, leasing the vehicle to the driver, and overseeing all vehicle maintenance. With this, you can reduce the financial burden of owning a vehicle.
The Indian EV market is growing very fast. This is evidenced by the exceptional performance of Ola Electric and its latest scooters. current company equal to 3 billion dollarsHe claimed to have sold $150 million worth of scooters in just two days and four scooters per second in the first 24 hours. Thus, at a time when India’s love for the EV market is already high, companies like BlueSmart, which provide smart additions to already very popular solutions, have a real opportunity to make huge strides.
Anmol Singh Jaggi, Co-Founder, BlueSmart said: Keeping this in mind, we aim to redefine the ride-hailing in electric vehicles, and by focusing on consumers, we already have a strong brand presence in the core market. can install. I did So far, our vehicles have traveled more than 21 million kilometres. This latest funding will help BP work with BP to transform India’s polluted cities and grow by redefining electric vehicle ride hailing. “
EV ride hailing company “BlueSmart” raises $25 million in Series A fund led by BP Ventures
SourceLink EV ride hailing company “BlueSmart” raises $25 million in Series A fund led by BP Ventures