Gurugram-based EV ride-hailing platform BluSmart raises Rs 51cr

CIOReviewIndia Team | Monday, 07 September 2020, 08:29 IST

Gurugram-based EV ride-hailing platform BluSmart raises Rs 51crBluSmart, the electric ride-hailing platform announced that it secured $7 million, which is equivalent to INR 51 crore in funding. The funding it acquired came from investors in the pre-series A round funding.

BluSmart will utilize the funding for the expansion of the total number of cars, setting up more charging infrastructure, technology improvements, and expansion of the geographical reach.

BluSmart is based in Gurugram, which previously acquired $3 million in a seed round in the month of September 2019. It is in discussions for raising venture debt.

Anmol Singh, the Co-Founder of BluSmart Mobility, said, “We aim at bringing in a new narrative in the EV mobility space by giving the highest quality service as evidenced by our app rating, which is highest among all ride-sharing platforms."

The latest funding it acquired originated from Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd., JITO Angels, Lets Venture Fund and Kaplavriksh Fund.

BluSmart offers electric cabs for consumers residing in Delhi NCR. BluSmart’s USPs include Zero Surge Mobility, Zero-Emission Mobility and Zero Ride Denials.

BluSmart recently launched BluSmart hourly rentals product which gives customers to travel anytime, anywhere and everywhere in Delhi and Gurugram with multi stoppage facility.

Co-Founder, Punit K Goyal, said, “We are also looking at augmenting the EV uptake by expanding fast electric car charging infrastructure for an easy charging practice.”

BluSmart claimed it covered 200,000+ clean trips and completed 5+ million ‘clean kms’.

BluSmart now has partnered with the world’s leading electric vehicle manufacturers and features mobility technology.