Electric vehicle (EV) ride-hailing platform BluSmart said that it raised $25 million from Zurich-based climate finance firm ResponsAbility and will use the money to expand its EV charging infrastructure, according to ETtech report. The funding comprises 20 million in debt and $5 million of equity, BluSmart’s cofounder and chief executive Anmol Singh Jaggi said. “We…
Gensol Engineering Limited (Gensol) has signed a termsheet to pick up majority stake in a US-based electric vehicle manufacturing startup. The investment is intended to accelerate Gensol’s plan to deliver a robust domestically manufactured EV in India. With this deal Gensol foresees an increment in revenue by INR 500-600Cr for FY-24. Gensol aims to set…
BluSmart, India’s first all electric shared smart mobility platform, announced that it has raised pre-Series A funding of $7 million from multiple investors. Investors that took part in the funding round are Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd, JITO Angels, LetsVenture Fund, and Kaplavriksh Fund. BluSmart said in a…