BluSmart has stated that the funds will likely be used to increase the variety of vehicles on the platform, arrange extra charging infrastructure, expertise enhancements and increase the geographical attain.
BluSmart says that the recent spherical of funding comes from numerous traders
All-electric trip hailing platform, BluSmart, has introduced elevating a pre-series A spherical funding of Rs 51 crore. The firm has stated that the funds will likely be used to increase the variety of vehicles on the platform, arrange charging infrastructure, expertise enhancements and increase the geographical attain. A yr in the past, in September 2019, the corporate had raised over ₹ 22 crore in seed funding, and now, after the newest funding, the BluSmart can also be in discussions to boost enterprise debt. BluSmart says that the recent spherical of funding comes from numerous traders together with Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd., JITO Angels, Lets Venture Fund and Kaplavriksh Fund.
Also Read: EV Ride-Sharing Platform, BluSmart, Expands Its Services In Delhi
Commenting on the current growth, Punit Okay Goyal, Co-founder, BluSmart Mobility stated, “Electric mobility is the next big thing in India. BluSmart aims to improve the status of commuting and curbing the burden on environment caused due to transport running on fuel combustion. We are also looking at augmenting the EV uptake by expanding fast electric car charging infrastructure for an easy charging practice.”
Investor Mitesh Shah, Co-Founder, Inflection Point Ventures stated, “IPV, with its vast Investor base of CXOs from diverse industries including EV, automotive and BFSI, will help BluSmart in growing its fleet economically as well as expand its network exponentially.” On the opposite hand, one other investor, Apoorv Ranjan Sharma, President & Co-Founder, Venture Catalysts stated, “We are optimistic that our investment will help the startup embark on its next phase of growth and change the dynamics of EV infrastructure in the country. Also, our association with BluSmart is one step ahead with the government of India, that is currently looking to promote electric mobility as one of the key solutions to reduce carbon emission.”
Also Read: All-Electric Ride Hailing Platform Blusmart Introduces New Services In Delhi NCR
BluSmart is the nation’s first all-electric, on-demand ride-hailing mobility platform, and presently operates solely in Delhi-NCR. The firm lately expanded its cab service withing Delhi metropolis, which was earlier restricted to Gurugram. BluSmart claims to supply inexpensive, safer, smarter, and sanitised electrical cabs to its clients, constructing on the USP being a Zero Emission mobility answer supplier. Recently, it additionally launched BluSmart Hourly Rentals product – clients can journey anytime, wherever and in every single place in Delhi and Gurgaon with a number of stops.
Also Read: Electric Vehicles In India Could Be Sold Without Batteries, Says Indian Government
Also Read: EV Ride-Hailing Platform ‘Blusmart’ Completes Over 1.75 Lakh Zero-Emission Trips In NCR
Right now, BluSmart has greater than 350 all-electric cabs within the Delhi-NCR space, and it plans so as to add 1000’s of electrical vehicles and lots of of charging stations on its all-electric ride-sharing platform in 2021. Since its inception, the corporate has accomplished over 50 lakh zero-emission kilometres with greater than 2 lakh rides. BluSmart says that so fats, it had helped save over 3.75 lakh Kg of CO2 emission.