CosmicTaco

BluSmart Seeks to Raise $100M for EV Ride-Hailing Expansion

CosmicTaco · 2024-10-07T17:13:41.933814+05:30

- 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](https://www.moneycontrol.com/news/business/ev-ride-hailing-startup-blusmart-in-talks-to-raise-up-to-100-million-12837263.html)

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

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BluSmart Raises $24 Million in Pre-Series B Funding Round

BluSmart has secured $24 million in its pre-Series B funding round from new investors, including responsAbility Investments AG, Sumant Sinha, and the MS Dhoni Family Office.
The funds will be used to expand BluSmart's operations and ...