BluSmart Seeks to Raise $100M for EV Ride-Hailing Expansion
- EV ride-hailing startup **BluSmart** is in talks to raise $80-100 million from private equity funds, climate-focused investors, and family offices. - The funds will be used to expand the ride-hailing business and its **EV charging infrastructure**, allowing the company to grow its fleet and reach new cities. - BluSmart, which operates in Delhi NCR, Bengaluru, and Dubai, has a fleet of over **7,600 EVs** and a network of over **3,900 charging stations**. - The company, founded in 2019, follows an asset-light business model, procuring cars on a monthly lease from companies like EESL. - This fundraising effort follows a $24-million fundraise led by responsAbility Investments, MS Dhoni's family office, and ReNew Power founder Sumant Sinha. Source: [Moneycontrol]()
