Aditi Shah and Aditya Kalra for Reuters report BluSmart is seeking to challenge Uber and Ola for market share in India with an all-electric taxi fleet and an aggressive bid to lure disgruntled passengers and drivers from the incumbents. A clean energy push by Prime Minister Narendra Modi's government is expected to significantly change India's transport industry in years ahead, with major implications for ride-hailing firms.
Read MoreAditi Shah reports the chief executive of Indian ride-hailing start-up BluSmart Electric Mobility has said it is close to raising $250 million from investors including BP's (BP.L) venture capital division. BluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.
Read MoreAs India pushes EV manufacture and sales, BluSmart will use the funds to buy more EVs, expand its charging infrastructure and service locations, and invest in technology.
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