BluSmart, India’s first all-electric ride hailing platform has raised $7M / INR 51 Cr from multiple investors including Inflection Point Ventures, Venture Catalysts, Mumbai Angels, Chhatisgarh Investments Ltd, JITO Angels, Lets Venture Fund and Kaplavriksh Fund.
BluSmart had previously raised $3M in seed round in Sept 2019.
The Gurugram based start-up plans to add thousands of electric cars and hundreds of charging stations on its all electric ride-sharing platform in 2021 and the latest funds will be utilised to that end, the company said in a statement. Recently, BluSmart also launched an hourly rentals product that allows customers to travel anywhere in Delhi and Gurgaon with multiple stops.
BluSmart is led by Anmol Singh Jaggi and Punit K Goyal. The founding team has been expanded with senior professionals – Tushar Garg who comes with deep experience in the mobility sector, Anirudh Arun as COO and Rishabh Sood as the CTO, both of whom had previously co-founded a venture in sports analytics and IoT. Since inception, BluSmart has completed clean 5,000,000+ Kms with 200,000+ rides and saved 375,000+ Kg CO2.