EV ride-hailing firm BluSmart gets $24 million funding in pre-Series B round

BluSmart, an EV ride-hailing services and charging infrastructure network company, has received $24 million (Rs 200 crore) in funding in a fresh round from several investors, according to a press note today, July 15.

The pre-Series B funding round saw participation from existing investors like responsAbility Investments AG as well as new investors such as Sumant Sinha, Chairman and CEO of ReNew, and MS Dhoni Family Office, the company said.

BluSmart plans to use the funding to expand its operations and build EV charging infrastructure and assets in mega Indian cities.

"Our latest fundraising of $24 million is an important step in our journey to scale the e-mobility fleet and EV charging infrastructure," BluSmart co-founder Punit Goyal said.

The company is building an integrated energy-infrastructure, mobility, and technology company to take full advantage of the EV revolution, he added.

"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," Dhoni, veteran cricketer, said.