BluSmart Mobility, a prominent electric vehicle (EV) ride-hailing service and operator of EV charging superhub infrastructure, has concluded a successful equity round, securing $24 million. The investment round experienced robust engagement, with both existing investors, company founders, and the leadership team contributing funds beyond the expected amount. Although specific details about the investors involved in this recent funding were not disclosed, BluSmart has previously received support from well-known backers like BP Ventures, Survam Partners, Mayfield India Fund, 9Unicorns, Green Frontier Capital, Stride Ventures, Alteria Capital, and BlackSoil, among others.

BluSmart had previously secured $42 million in a funding round in May, wherein half of the investment originated from its leadership team. With this latest round, the company has accumulated a total funding of over $133 million, including an $85 million Series A round conducted across several phases.

Anmol Singh Jaggi, Co-Founder and CEO of BluSmart, expressed appreciation for the sustained backing, affirming, “We are committed to extending our brand's principles of zero ride rejections, punctual service, and eco-friendly transportation to additional regions. The resounding support from our investors in the rights issue, along with the trust shown by major Development Financial Institutions(DFIs), underscores exceptional confidence in our mission”.

Established in 2019 by Anmol Jaggi, Puneet Jaggi, and Punit Goyal, BluSmart has emerged as a significant contender challenging the dominance of Ola Cabs and Uber in the ride-hailing sector. The company's distinctive strategy revolves around an entirely electric, collaborative, and intelligent mobility platform that covers ride-sharing, car-sharing, and scooter-sharing services.