BluSmart Secures $24 Million to Expand EV Ride-Hailing and Charging Network

BluSmart, an EV ride-hailing and charging infrastructure operator, has raised $24 million in a pre-Series B funding round. The capital injection will help expand its operations and build EV charging infrastructure in major Indian cities. Investors include ReNew Chairman Sumant Sinha and MS Dhoni Family Office.

BluSmart, a leading operator of EV ride-hailing services and charging infrastructure, announced on Monday it has secured $24 million in a pre-Series B funding round.

The funding round included existing investors such as responsAbility Investments AG and new ones like Sumant Sinha, Chairman and CEO of ReNew, and the MS Dhoni Family Office.

The newly raised capital will be used to expand BluSmart's operations and build EV charging infrastructure in major Indian cities, the company said.

"Our latest fundraise 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 stated.

The company aims to create an integrated energy-infrastructure, mobility, and technology platform to leverage the EV revolution, he added.

Veteran cricketer MS Dhoni highlighted, "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."

(With inputs from agencies.)