Binu Paul reports for Business Today: BluSmart Mobility, a Green Frontier Capital investee company, was founded in 2017 by Punita K. Goyal, who envisioned an integrated full-stack EV ride-hailing service and charging network. Recognizing the declining service quality of existing leaders, BluSmart launched its all-electric ride-hailing service in 2019. The company's approach involves leasing EVs at an institutional level, ensuring cost advantages and lower fuel expenses, leading to a cost structure 30-40% lower than competitors.
Read MoreThrilled to announce that Chupps is the Official Licensee for the 2023 Men's Cricket World Cup. Every player (all 10 teams) will be presented with official sliders by ICC produced by Chupps.
Read MoreInvestee company BluSmart was named among India’s top twenty start-ups for the third year in a row. Leading the list was the quick commerce company, Zepto. The company has raised $200 million in fresh funding making it 2023’s first unicorn. BluSmart came in second. It is India’s first electric ride-sharing company.
Read MorePrerna Lidhoo for Business Today reports the Pre-Series A funding round is completed just 12 months after the seed funding round of $3 million. ElectricPe said it will use the combined capital of $8 million to deepen technology investments and scale operations.
Read MoreGetVantage, a leading revenue-based financing or RBF platform, saw ventures like BluSmart, ChargeZone, EMotorad, Buyofuel and Verve Renewables avail finance totaling $5 million.
Read MoreSohini Mitter reports: electric mobility startup BluSmart has completed 2 million trips and covered 75 million clean kilometers on the streets of Delhi-NCR. Now, in partnership with Tata Motors and Jio-bp, it plans to expand across the country.
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