Announced
Financials
Sources
Tags
India
Mobility
ride-hailing
Minority
Venture Capital
Friendly
Single Bidder
Acquisition
Cross Border
Private
Private Equity
Completed
Synopsis
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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