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Mumbai, NFAPost: The electric ride-hailing company BluSmart announced that it had raised $7 million (Rs 51 crore) in funding from multiple investors.

The list of investors includes Inflection Point Ventures, Venture Catalyst, Survam Partners, Mumbai Angels, Chhatisgarh Investments, JITO Angels, Lets Venture Fund and Kaplavriksh Fund.

The company said it would utilise the funding to expand the number of cars on the platform, set up more charging infrastructure, improve technology and to stretch the geographical reach.BluSmart had earlier raised $3 million in a seed round in September 2019. It is also in discussion to raise venture debt.

Mega cities

Founded by Puneet Singh Jaggi, Anmol Singh Jaggi and Punit K Goyal in October 2018, the startup claims to have served over 30,000 customers since its launch in just 3 months in Delhi NCR region.

About the freshly-raised capital, Anmol Singh Jaggi, co-founder, BluSmart Mobility, said, “We aim at bringing in a new narrative in the EV mobility space by giving the highest quality service as evidenced by our app rating, which is the highest among all ride-sharing platforms.

Thus we will help transform India’s mega cities by providing convenient, sustainable and affordable mobility with great benefits for consumers, businesses and society at large.

Actor Deepika Padukone’s family office has invested in Blu Smart as part of an angel round of $3 million. The actress invested via Ka Enterprises. Mobility and electric vehicles continue to be a prominent startup theme.

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