BluSmart
Gensol Engineering's Top Executives Resign Amid SEBI Probe
Meanwhile, Evera Cabs (Prakriti Mobility) has repossessed around 500 electric cabs previously operated by BluSmart. Although Uber was reportedly in talks to acquire BluSmart's fleet, the deal appears to have stalled.
Evera Accelerates EV Cab Growth by Acquiring 500 BluSmart Vehicles Post Suspension
The company is eyeing a pipeline of 1,000 BluSmart cabs, underscoring its ambition to lead clean urban mobility with speed and scale.
Physis Capital Secures INR 150 Cr Commitment for INR 400 Cr Venture Fund
The fund, established by the founders of Inflection Point Ventures (IPV), is expected to reach its final close by early 2026.
Vikram Ramasubramanian: Transforming Startups with IPV's Support
IPV's investment strategy is sector-agnostic, targeting startups from pre-seed to pre-series A stages, with cheque sizes starting at USD 100k and going up to USD 2 million.
Empowering Startups Nationwide: We Founder Circle
WFC expects sectors like hospitality, healthcare, and data centres to offer diverse investment opportunities.
The Best Startup Funding This Week: July 12–19
Here is a list of the startups that have raised the most money this week, from July 12 to July 19.
BluSmart Secures USD 24 Mn in Pre-Series B Round to Expand EV Operations
The latest funding round will support BluSmart in expanding its operations and building real EV charging infrastructure and assets in the megacities of India.
Deepika Padukone's 82°E Set to Raise INR 50 Cr for Expansion
With the raised capital, the Mumbai-based brand aims for expansion and growth.
BluSmart Hints At Going Global With Electric Cabs
BluSmart's journey underscores its leadership in driving EV adoption and infrastructure development in India, setting a precedent for sustainable mobility solutions worldwide.
BluSmart Forays Into UAE Market With All-Electric Limousine Service
The diverse services cater to Dubai's cosmopolitan population, offering city rides, airport rides, hourly rental bookings within the city as well as drop-off to other Emirates.
Top Funding Highlights: Startups of the Week [May 24–31]
The startups with the highest funding raised this week, from May 24 to May 31, are listed below. A quick rundown of them is as follows:
EV Ride-hailing Startup BluSmart to Raise $25 Million in Pre-Series B Round
It is also looking to enter the Dubai market and will be ready for an official launch in the first week of June
BluSmart Hints At Going Global With Electric Cabs
BluSmart's journey underscores its leadership in driving EV adoption and infrastructure development in India, setting a precedent for sustainable mobility solutions worldwide.
BluSmart Crosses INR 500 Crore In Annual Run Rate In FY24
BluSmart has the largest EV fleet in South Asia of over 7,300 EVs, which have covered ~460 Million clean kilometers saving 34 Million Kgs of CO2 emissions.
To date, the Indian environment tech sector has raised USD 7.3 Bn in funding
India's financing for environmental technologies increased significantly between 2018 and 2022, from USD 0.23 billion to USD 2.47 billion, according to a Tracxn analysis.