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Announced

BP led a $25m Series A round in BluSmart.

Financials

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Transaction Value£18m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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India

Mobility

ride-hailing

Minority

Venture Capital

Friendly

Single Bidder

Acquisition

Cross Border

Private

Private Equity

Completed

Synopsis

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BP led a $25m Series A round in BluSmart, an integrated EV ride-hailing and charging company, with participation from Mayfield India Fund, 9Unicorns and Survam Partners. BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years. The investment will help bp move towards becoming a leader in India’s mobility market, and to provide integrated energy and mobility solutions to help customers reduce their emissions across the world.

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