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New Deal


Announced

Completed

BP Ventures and Green Frontier Capital led a $25m Series A1 funding round in BluSmart.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Mobility

ride-hailing

India

Minority

Private

Cross Border

Acquisition

Private Equity

Venture Capital

Completed

Synopsis

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BP Ventures and Green Frontier Capital led a $25m Series A1 funding round in BluSmart, an electric full-stack ride-hailing service and operator of EV Superhubs, with participation from Stride Ventures, Alteria Capital, BlackSoil and UCIC. “BluSmart has been able to scale 25x since launch. BluSmart is creating inclusive and equitable economic opportunities for driver partners who can drive and earn without the hassles of asset ownership. We continue to build the next generation EV ride hailing service and EV charging infrastructure –making BluSmart India’s largest integrated and full-stack EV ecosystem solutions provider,'' Anmol Jaggi, BluSmart Co-Founder and CEO.

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