BluSmart, an EV ride hailing company based in India's capital, Delhi, has raised $25 million in a Series A fundraising round headed by BP Ventures at a time when the country's EV sector is at an all-time high.

Mayfield India Fund, 9Unicorns, and Survam Partners, as well as other previous investors, participated in the round.

In the next two years, the firm wants to expand its fleet of electric vehicles and charging stations to five more Indian cities, expanding from its current base of operations in Delhi.

BluSmart is a ride-hailing service similar to Ola and Uber, but with the extra benefit of operating an entirely electric fleet. It promises to provide safer, cleaner, and more sustainable mobility as India's first and largest integrated EV ride-hailing and charging firm.

There are a few additional crucial characteristics that could help BluSmart outperform its competitors, the most notable of which being the lack of surge pricing. Furthermore, drivers will not be able to refuse rides.

While this may create the impression that the ride hailing service is hard on its drivers, it also has their best interests at heart, letting them to avoid the financial burden of vehicle ownership by leasing vehicles to them and overseeing all vehicle upkeep.

The extraordinary performance of Ola Electric and its latest scooters demonstrates that India's EV sector is growing at a rapid pace. In just two days, the firm, which is now worth $3 billion, sold $150 million worth of scooters, claiming to sell four scooters every second in the first 24 hours.

As a result, at a time when India's enthusiasm for electric vehicles is at an all-time high, companies like BluSmart, which provide smart enhancements to existing popular solutions, have a real possibility of making significant progress.

Anmol Singh Jaggi, co-founder of BluSmart said “We believe that electric mobility has huge growth potential, driven in part by the increasingly favourable economics behind electric vehicles. With that in mind we want to redefine ride-hailing with electric vehicles, and our consumer focus has helped us to already establish a strong brand presence in our core market; to date our vehicles have travelled over 21 million kilometres. This latest funding infusion will help us grow as we work with bp to help transform India’s high polluting cities and redefine ride-hailing with electric vehicles.”