The Dossier
EV Startup BluSmart Gets $7 Mn To Expand Emobility Base

EV Startup BluSmart Gets $7 Mn To Expand Emobility Base

BluSmart, which offers electric mobility solutions, has bagged $7 million from Inflections Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels among others. Previously, it had raised $2.2 million in seed funding from JITO Angels,  MayField Fund and Centrum, Micromax and some angel investors.

What is BluSmart? 

In 2019, Anmol Singh Jaggi and Punit K Goyal started BluSmart which offers ride-hailing business just like Ola and Uber. But instead of petroleum-based cars, BluSmart works with an electric fleet. In June 2020, the company had also forayed into EV car subscriptions as many started ditching cabs due to COVID-19 fears.

Future plans of BluSmart

With this funding, the Delhi-based firm plans to expand inventory, boost up infrastructure and tech along with expanding geographical reach. It is also looking to raise venture debt to ramp up its plans.

BluSmart’s cofounder Anmol Singh Jaggi believes that EV mobility is transforming India’s mega-cities by providing convenient, sustainable and affordable mobility with great benefits for consumers, businesses and society at large. To monetise this transformation, BluSmart is now planning to offer ride-sharing on electric cars and bikes along with providing shared EV charging infrastructure across Delhi NCR.

BluSmart getting stronger via partnerships

In 2019, BluSmart partnered with Mahindra Electric to onboard 70 Mahindra eVerito premium sedans. Extending the partnership further, the company has added 500 Mahindra eVeritos in 2020 to expand in Mumbai and Pune. It now plans to get additional 1000 EVs in the fleet along with setting up hundreds of charging stations on its platform by 2021. займ 1000 рублей онлайнзайм онлайн на карту кукурузазайм webbankir займ с исправлением кредитной историизайм с просрочками онлайнзайм на карту первый займ без процентов

Bhavesh Bhatt

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