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BluSmart Secures $25 Mn Funding From ResponsAbility

India's first and leading all-electric ride-hailing mobility service, BluSmart has Secured $25 Mn Funding From ResponsAbility. BluSmart intends to enhance its infrastructure for electric vehicle charging.

India’s first and leading all-electric ride-hailing mobility service, BluSmart has Secured $25 Mn Funding From ResponsAbility. BluSmart intends to enhance its infrastructure for electric vehicle charging.

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Anmol Singh Jaggi, cofounder and CEO of BluSmart, told that of the $25 million, $5 million is for equity capital and $20 million is for debt. Founded in 2003, Zurich-based responsAbility Invests across three investment themes to directly contribute to the United Nations Sustainable Development Goals Financial Inclusion; Climate Finance; and Sustainable Food.

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“We have made large-scale investments in real EV assets and EV infrastructure since inception with a singular focus to decarbonise mobility at scale. With ResponsAbility’s investment and support we will continue our mission to rapidly expand our iconic 100% EV ride-hailing service and building large EV charging infrastructure,” the Gurugram-brd company CEO said.

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About BluSmart

Founded in 2019, BluSmart is India’s first and leading all-electric ride-hailing mobility service. We are here for a reason. BluSmart is on a mission to steer urban India towards a sustainable means of transportation and to provide them efficient, affordable, intelligent, safe and reliable mobility.

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With sustainability being at the core of our operations, its vision is to help transform the Indian cities by building a holistic and comprehensive electric on-demand mobility platform. 

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