Electric cab-hailing startup BluSmart Mobility reportedly defaulted on INR 30 Cr of bonds in early February. BluSmart, which is in the middle of raising about INR 434 Cr in its Series B funding round, was required to repay INR 30 Cr secured via non-convertible debentures (NCDs) with a coupon rate of 12% on February 3, […]
BluSmart Goes Green: Signs power purchase agreement with Tata Power to charge EVs with 100% renewable energy – EQ
In Short : BluSmart, an electric mobility service provider, has signed a power purchase agreement with Tata Power to charge electric vehicles (EVs) using 100% renewable energy. This initiative underscores the commitment to sustainable practices within the electric vehicle ecosystem, promoting cleaner and greener mobility solutions. In Detail : Electric mobility ride hailing service provider […]
BluSmart becomes the first mobility company in India to be carbon credit certified – EQ
Delhi : BluSmart, India’s first and largest EV ride-hailing service and EV charging superhub infrastructure operator, has achieved a significant milestone by receiving carbon credit accreditation. Certified by Verra, a leading global non-profit corporation, BluSmart becomes the first mobility company in the country to receive these credits from the CO2 emission reductions generated by its […]
BluSmart orders for 500 MG ZS EVs – EQ Mag
The move comes as BluSmart intensifies its battle against Uber Technologies Inc and Ola Cabs Electric car maker MG Motor India on Wednesday said that BluSmart, a ride-hailing startup that uses only electric vehicles, has ordered 500 units of its MG ZS EV. The move comes as BluSmart ups the ante against Uber Technologies Inc […]
On This EV Day, BluSmart Marks Saving 5500+ Tonne of CO2 – EQ Mag Pro
New Delhi : On the Occasion of World EV day, BluSmart – India’s largest fully electric full-stack ride-hailing service and operator of EV charging stations, today marks saving of 5500 plus tonnes of CO2 which is equal to the impact of 2.5 lakh trees absorbing CO2 in a year, as verified by Verra. On BluSmart, […]
Indian EV ride-hailing firm BluSmart close to raising $250 million: CEO – EQ Mag Pro
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. 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 venture capital division. BluSmart, […]
EV ride-hailing platform BluSmart raises $25 mn, to add 5K electric cars – EQ Mag Pro
Electric ride-hailing service BluSmart on Tuesday announced it has raised $25 million as part of its extended Series A1 round. In total, the startup has raised $50.7 million as part of its Series A round. BluSmart said that its EV ride-hailing platform aims to add 5,000 electric cars and scale up its EV Superhubs across […]
BP leads USD 25 mn funding round in EV ride-hailing start-up BluSmart – EQ Mag Pro
New Delhi : BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart. It led a USD 25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors, the firm said […]
Delhi to get 130 more electric vehicle charging bays in 45 days
The Delhi government has reached out to firms across board to move fleets to electric vehicles, as well as help boost charging infrastructure across the city as part of the Electric Vehicle policy. Electric vehicle (EV) ride-hailing mobile app company BluSmart Mobility, which began operations in December 2019, will open its 130 fast-charging stations to […]
Delhi To Mumbai In Electric Vehicle: BluSmart Mobility Flags Off India’s First All-Electric Travel
BluSmart Mobility, India’s all-electric ride-hailing company has flagged off the country’s first all-electric journey by a commercial vehicle, from Delhi to Mumbai. The company aims to cover 1,376 kilometres in six days. With the all-electric journey, the company aims to showcase that India is ready for EVs, and that interstate travel is possible given that […]