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.
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