BluSmart, an electric ride-hailing network, has raised $25 million in a follow-up to its Series A fundraising round, which concluded in September 2021.
The fundraising round included $15 million in equity and $10 million in venture loan. The equity fundraising round, led by BP Ventures and Green Frontier Capital, included previous investors, while the venture debt funding included Stride Ventures, Alteria Capital, BlackSoil, and UCIC. The entire amount raised in the Series A round now stands at $50.7 million.
BluSmart is an all-electric shared smart transportation platform founded by Anmol Singh Jaggi and Punit K Goyal in 2019. It provides efficient, economical, intelligent, and sustainable mobility.
The company is developing India’s next-generation electric ride-hailing service as well as EV charging infrastructure, making it the country’s most integrated and full-stack EV ecosystem solutions provider.