On Tuesday, BluSmart is the electric stack ride-hailing service; an EV has announced to close a Series A1 round raising $25 million. In September 2021, the follow-up series A round was completed and brought the total of its Series A investment to a significant $50.7 million.

The company has raised $25 million in the Series A1 round comprising $15 million in equity capital and venture debt of $10 million. The equity round was led by BP Ventures and Green Frontier Capital, with participation from existing investors. This funding contributed by Stride Ventures, Alteria Capital, BlackSoil and UCIC.

• Trade War May Ease if China Shifts Manufacturing to US: Jefferies
• 55th GST Council Set to Held on 21 December 
• C2C Advanced Systems IPO GMP Today, Lot Size, Issue Date & Financials
• India to Lead Global Economy and AI: John Chambers
• Nazara Tech and WTFund to Invest in Two Gaming Startups 

Around the globe, it is one of the largest Series A fundraised in ride-hailing and smart mobility space. This fund can be used to increase the all-electric ride-hailing fleet to over 5,000 BluSmart EVs and expand its network of EV Superhubs covered under Delhi NCR. Additionally, BluSmart is secured EV financing of $35.7 million backed by IREDA (BluSmart has raised $75 million in EV asset financing backed by global development financial institutions – India’s largest till date).