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Today: Jun 12, 2024

Indian EV startup BluSmart secures $25 million from Swiss investor

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TLDR: India-based electric vehicle (EV) startup BluSmart has raised $25 million from Swiss impact investor responsAbility. The investment will support BluSmart in expanding its EV charging infrastructure across India. BluSmart currently operates Southeast Asia’s largest vertically integrated EV ecosystem. The company’s indigenously built born-electric technology has completed over 11 million all-electric trips, covering 360 million all-electric kilometers and saving about 26,000 metric tons of CO2. BluSmart owns and operates 4,000 EV chargers across its 35 charging locations in Delhi NCR and Bengaluru. The company has crossed $50 million in annual revenue and is growing at over 100% YoY.