BluSmart said it is EV The ride-hailing platform aims to add 5,000 electric cars and expand its EV Superhubs across the Delhi-NCR.
“BluSmart has been able to scale 25 times since its launch. BluSmart is creating inclusive and fair business opportunities for driving partners who can drive and earn without the hassles of asset ownership,” said Anmol Jaggi, co-founder and CEO.
The startup raised $ 25 million in new funding in $ 15 million in stock and $ 10 million in risk debt. The equity round was led by BP Ventures and Green with the participation of existing investors.
Risk debt financing comes from Stride VenturesAlteria Capital, BlackSoil and UCIC.
So far BluSmart has raised $ 75 million in electric vehicle asset financing backed by global development financial institutions.
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The company recently added long-haul electric vehicles and started its all-electric intercity service to allow its customers to travel from Delhi-NCR to Jaipur and Chandigarh. It continues to scale its service at Delhi Airport and is now present in all domestic and international terminals.