BluSmart Secures $42 Million From BP And Other Investors For Its EV Ride-Hailing Service

4 / 5 / 2023

Indian ride-hailing start-up BluSmart, which exclusively uses electric vehicles, has raised $42m in a funding round that included BP Ventures.

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BluSmart was founded in December 2019 with the aim of providing a greener ride-hailing option to the Indian market.

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BluSmart plans to double its fleet of 4,000 EVs over the next year.

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The company has expanded its operations to two of India's biggest cities, Delhi and Bangalore

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with a focus on offering clean and reliable rides to customers.

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BluSmart said its revenue tripled over the last three quarters.

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