BluSmart Receives $25 Million Investment

India-based ride-sharing platform BluSmart announced that it has received an investment of $ 25 million. The India-based ride-sharing platform received a $ 25 million investment from ResponsAbility. At the same time, this investment was supported by BluSmart's early-stage backers Survam Partners, BP Ventures, Green Frontier Capital and Mayfield India Fund.

Also Read: Byterise Receives Investment with $7 Million Valuation

BluSmart Will Strengthen the Charging Structure of Electric Vehicle Fleet

BluSmart was launched in 2019. The Indian startup was founded by Punit Goyal, Anmol Jaggi and Puneet Jaggi. The Indian startup has a fleet of 6 thousand electric vehicles. The startup currently operates 35 charging stations with 4 thousand chargers. The startup's goal is to increase the number of chargers to 10 thousand by the end of 2024. The platform has 240 thousand monthly active users.

The startup offers its customers access to electric vehicles with early booking. Customers book the vehicles by choosing the date and time that suits them and travel safely. BluSmart increases existing charging stations and adds new charging points. Thus, it offers an infrastructure that enables users and drivers to charge electric vehicles. The startup has adopted a strategy precisely aimed at increasing the accessibility and widespread use of electric vehicles.

The startup aims to make electric vehicles a sustainable option by popularising electric vehicles in daily use. The startup, which works towards environmentally friendly transportation, will use its new investment to expand and strengthen the charging infrastructure of the electric vehicle fleet.