Home Startup news BluSmart Raises $2.2 Mn In Seed Funding

BluSmart Raises $2.2 Mn In Seed Funding

Udit Agarwal
Startup/Tech News Correspondent, Responsible for gathering information on the tech companies working on IOT, AI, ML, Cloud, Mobile Technologies, Udit can be reached at [email protected]

Blu Smart, which is an Electric Mobility service provider, has now secured USD 2.2 million from the multiple investors led by the Angel Network of JITO.

Investors who participated in the angel round which includes the Micromax, MayField Fund, Centrum, Hero MotoCorp, and some other high net worth individuals, according to the report.

The funds will be going to be used to help the company expand its offerings and services beyond the Delhi-NCR region where is currently centered, said the announcement.

The Gurgaon headquartered startup was revealed as an all-electric cab service in participation with the Mahindra and Mahindra in the month of June this year. Additionally, to cab service, it’s offering now also includes the cab sharing, ride-sharing, and shared charging.

The company had even flagged off a fleet of 70 Mahindra e-Verito vehicles in the region of Delhi-NCR. It even now plans to add the 500 Mahindra e-Verito electric sedans by the end of April 2020.

“The startup is working to build a holistic smart electric on-demand mobility platform covering the entire value chain of smart mobility, smart charging and smart parking,” said JITO Angel Network.

The industry with some of the players such as the Revolt, Yulu, Ather Energy, Ola Electric, Okinawa, etc. have been picking up the battles to be the part of the EV revolution in India. This has been paired with the investor’s interest such as the Innoven Capital, Hero MotoCorp and Sachin Bansal, etc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

× 6 = 42

Latest Stories

Eros Now announces a collaboration with Microsoft

Eros Now announces a collaboration with Microsoft to develop the next-generation online video platform

How IoT Healthcare Solutions are creating a Healthcare Revolution

Technology continues to amaze many by introducing effective solutions that otherwise seem impossible. One of the things...

How to Maintain a Home Security Camera

One of the reasons for purchasing a home security camera is to keep your property, possessions, and loved ones...

Cybereye to organise Asia’s largest conference in LoRaWAN

From smart agriculture to smart cities, Internet of Things has applications in every vertical. This revolutionary technology...

How Machine Learning Solutions Can Help Small And Medium Businesses

The field of machine learning analytics has completely transformed the traditional computing as machines are now capacitated...

8 Common Influencer Marketing Pitfalls, How to Avoid Them

Influencer marketing is the word marketing on steroids of yesterday. The web makes it possible for people just like...

IoT For Agriculture Shaping The Future Of Farming, India To Witness Remarkable Growth

It is no secret that the Internet of Things (IoT) is conquering every sector in its path....

More Articles Like This

Popular This week

Join our list

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Join our list

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Join our list

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.