BluSmart Mobility, an electric mobility ride-hailing service startup, has raised $24 million (approximately Rs 200 crore) in the recent equity funding. The investment was backed by BP Ventures, Mayfield India Fund, 9Unicorns, Survam Partners, Green Frontier Capital, Stride Ventures, Alteria Capital, BlackSoil, and other existing investors.
In comparison to other ride-hailing services in India like Ola and Uber, BluSmart is working on a different model that includes only electric cars, and the driver doesn’t need to own the asset. The driver can straight away use the company’s EV cars, pick them up from the company’s charging station, and start earning without owning the car. The company is focused on sustainable mobility, and since its inception in 2019, it has made over 400,000 trips with over 11 million km. The company is still growing at a good pace and is providing services in the Delhi NCR and Bengaluru regions.
The company’s co-founders are Anmol Singh Jaggi, Puneet Singh Jaggi, and Punit K Goyal, and it is headquartered in Gurugram, Haryana, India.