Electric Vehicle (EV) company BluSmart has raised $24 million (approximately Rs 200 crore) in its pre-series B funding round. This new investment will enable BluSmart to expand its operations and build additional charging infrastructure and assets in key cities.
“The latest fundraise of $24 million is an important step in our journey to scale the eMobility fleet and EV charging infrastructure,” stated Punit Goyal, Co-Founder of BluSmart.
The funding round attracted new investors, including responsAbility Investments AG, Sumant Sinha, and the MS Dhoni Family Office, along with existing investors and BluSmart founders.
Since its inception, BluSmart’s EV fleet has grown significantly, increasing from 70 EVs in January 2019 to 7,500 EVs across Delhi-NCR and Bengaluru. The company has also achieved a significant milestone of over half a billion electric kilometers traveled, delivering more than 16 million electric trips and saving nearly 40 million kilograms of CO2 emissions.
“BluSmart has been able to lead the way in building from the ground up an entire EV ecosystem to disrupt conventional modes of commute without compromising on reliability and convenience,” said Sameer Tirkar, Head of Climate Infrastructure Investments APAC at responsAbility Investments AG.
Currently, BluSmart operates 50 EV charging hubs, reinforcing its commitment to sustainable mobility.
“Investing in BluSmart’s sustainable business model is not just about supporting a company; it’s about being part of a movement that shapes the future of mobility,” commented the MS Dhoni Family Office.