BluSmart Secures $25 Million in Series A3 Funding to Expand Its Electric Fleet

BluSmart Secures $25 Million in Series A3 Funding to Expand Its Electric Fleet

Expanding India’s Electric Ride-Hailing Market

BluSmart Mobility, India’s first all-electric ride-hailing platform, has secured $25 million in its Series A3 funding round, led by BP Ventures. This new investment will allow BluSmart to continue expanding its zero-emission ride-hailing fleet and scale its operations across key urban centers in India. The funding comes at a time when the demand for electric vehicles (EVs) and sustainable mobility solutions in India is rapidly growing, making BluSmart a pioneer in the clean mobility revolution.


The $25 million funding will be used to:

  • Expand the electric fleet: BluSmart plans to significantly increase the number of electric vehicles in its fleet, making it easier for customers to access rides and reducing wait times.
  • Scale operations: The company will expand its operations to new cities across India, bringing its sustainable ride-hailing services to a wider audience.
  • Invest in charging infrastructure: BluSmart will invest in building and expanding its network of EV charging stations, addressing one of the primary challenges facing electric vehicle adoption in India.  

Commitment to Sustainability and Zero Emissions

Since its inception, BluSmart has maintained a commitment to sustainability by operating an all-electric fleet and focusing on reducing urban pollution. The company’s business model, where it owns its vehicles and employs drivers full-time, sets it apart from traditional ride-hailing services like Uber and Ola, which rely on independent contractors. BluSmart’s emission-free rides have already surpassed 10 million in total, preventing over 24,000 tons of CO2 emissions, a testament to its positive environmental impact.

Future Growth and Infrastructure Development

The new funding will also support BluSmart’s charging infrastructure. The company plans to expand its network of EV charging stations across Delhi-NCR and Bengaluru, addressing one of the primary challenges in EV adoption: lack of charging infrastructure. With these developments, BluSmart is poised to play a significant role in India’s efforts to transition to cleaner, greener urban transportation solutions. The company’s future plans include expanding its services to more cities, bringing sustainable transportation options to even more urban areas.