Electric ride-hailing platform BluSmart Mobility raised $7 million (Rs 51.4 crore) in pre-series A round of equity funding from several investors including Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhattisgarh Investments Ltd, JITO Angels, Lets Venture Fund, and Kaplavriksh Fund

BluSmart was started by Anmol Singh Jaggi and Punit K Goyal in 2019. It has completed trips totalling more than 5,000,000 km with 200,000 rides, and claims to have saved carbon emission of about 375,000 kg.

Apoorv Ranjan Sharma, President and Co-Founder, Venture Catalysts says, “BluSmart is a young Indian startup led by extremely talented founders and bears huge potential in aiding the Indian electric vehicle industry. We are optimistic that our investment will help the startup embark on its next phase of growth and change the dynamics of EV infrastructure in the country. Also, our association with BluSmart is one step ahead with government of India, that is currently looking to promote electric mobility as one of the key solutions to reduce carbon emission.”

Punit Goyal, Co-founder, BluSmart Mobility said, “”Electric mobility is the next big thing in India. BluSmart aims to improve the status of commuting and curbing the burden on the environment caused due to transport running on fuel combustion. We are also looking at augmenting the EV uptake by expanding fast electric car charging infrastructure for an easy charging practice.”

The all-electric mobility platform will use the funds to increase the number of cars on board, set up more charging infrastructure, technology improvements and in expanding its geographical reach. Presently, the company has operations in the National Capital Region.

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