Companies

Blu Smart raises $2.2 million from angel investors

Our Bureau New Delhi | Updated on August 16, 2019 Published on August 16, 2019

The start-up was launched as an all-electric cab service in collaboration with Mahindra and Mahindra in June 2019

Blu Smart Mobility, a mobility startup focused on electric vehicles, has raised $2.2 million in angel funding from multiple investors, with JITO Angel Network leading the round. Hero Motocorp, MayField Fund, Centrum, Micromax and a number of individual investors also participated in the round.

The proceeds would help the company expand its services beyond Delhi NCR, where it is currently centered, the company said in a statement.

The startup that was launched as an all-electric cab service in collaboration with Mahindra & Mahindra, now offers RideSharing, CarSharing and SharedCharging.

In June, the startup flagged off a fleet of 70 Mahindra e-Verito vehicles in Delhi NCR. Now, it plans to add 500 Mahindra e-Verito electric sedans by April 2020.

Published on August 16, 2019
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