BluSmart to raise $50 Mn in new round

BluSmart, an electric mobility company, is set to raise $50 million in a new round of funding to support its expansion plans. The company aims to increase its fleet of electric vehicles and enhance its charging infrastructure across key cities in India. BluSmart is focused on promoting eco-friendly and sustainable transport options, and with the new funding, it plans to accelerate its mission of reducing carbon emissions. The investment highlights the growing investor confidence in electric mobility startups, particularly in India’s rapidly evolving transportation sector.