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.
BluSmart was founded in December 2019 with the aim of providing a greener ride-hailing option to the Indian market.
BluSmart plans to double its fleet of 4,000 EVs over the next year.
The company has expanded its operations to two of India's biggest cities, Delhi and Bangalore
with a focus on offering clean and reliable rides to customers.
BluSmart said its revenue tripled over the last three quarters.