BP Ventures invests $13 million in BluSmart
The Hindu
BP Ventures, a part of British energy major BP plc, in its first direct investment in India,, has announced an investment of $13 million in integrated EV ride-hailing and charging company BluSmart. Th
BP Ventures, a part of British energy major BP plc, in its first direct investment in India,, has announced an investment of $13 million in integrated EV ride-hailing and charging company BluSmart.
The company led a $25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors.
BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from Delhi to five additional Indian cities in the next two years.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.