BluSmart Secures $24 Million in Pre-Series B Funding to Expand EV Ride-Hailing and Charging Infrastructure
NEWS
7/16/20241 min read


Gurugram-based all-electric ride-hailing service provider, BluSmart, announced on Monday the successful completion of its pre-series B funding round, raising Rs 200 crore ($24 million). The round saw new investments from Zurich-based climate finance firm responsAbility Investments, MS Dhoni’s Family Office, and Sumant Sinha, founder and CEO of Nasdaq-listed green energy firm ReNew. Existing investors and BluSmart founders also participated in the funding round.
The newly acquired funds will be allocated towards expanding BluSmart's operations and building EV charging infrastructure and assets. "Our latest fundraise of $24 million is an important step in our journey to scale the e-mobility fleet and EV charging infrastructure," said Punit Goyal, co-founder of BluSmart.
BluSmart, founded in December 2019 by Punit Goyal, Anmol Jaggi, and Puneet Singh Jaggi, aims to provide a greener ride-hailing option in the Indian market. The company recently achieved a Rs 550 crore annual revenue run-rate (ARR), a financial metric estimating annual revenue based on current monthly or quarterly performance.
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