October 2020 \ Business & Investment \
BluSmart raises Rs 51 crore

The electric ride-hailing platform BluSmart ...

  • Mr Anmol Singh Jaggi

The electric ride-hailing platform BluSmart in September announced it has raised $7 million (nearly Rs 51 crore) in funding from multiple investors in the pre-series A round funding.

The company will utilize the funding to expand the number of cars on the platform, set up more charging infrastructure, technology improvements and expand the geographical reach, it said in a statement. The Gurugram-based BluSmart previously raised $3 million in a seed round in September last year and is in discussions to raise venture debt.

"We aim at bringing in a new narrative in the EV mobility space by giving the highest quality service as evidenced by our app rating, which is highest among all ride-sharing platforms," said Anmol Singh Jaggi, Co-founder, BluSmart Mobility.

The fresh funding round includes Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd., JITO Angels, Lets Venture Fund and Kaplavriksh Fund.