Blu Smart, an electric focused mobility company from India, recently fund raised $2.2 million in seed funds.
The investors include Hero Motocorp, MayField Fund and Centrum, Micromax and few individual investors among others. The funds will be used to expand its offerings and services beyond Delhi NCR.
Founded by Anmol Jaggi and Punit K Goyal, Blu Smart was initially launched in January 2019. The company’s new plans include subscription-based car rentals, ride sharing on both electric cars and bikes, and shared electric vehicle (EV) charging infrastructure across Delhi NCR region.
In June, the startup partnered with Mahindra Electric to onboard 70 Mahindra eVerito premium sedans in its cab fleet. It plans to add up to 500 Mahindra eVeritos by April 2020 and also expand to other densely populated cities such as Mumbai and Pune.
“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 current EVs used by Blu have a range of about 180 Kms and it takes about 1 hour 30 mins to charge the battery till 80%. Deployed cars are using lithium-ion batteries of 18.55 KwH and can reach a top speed of 80 Km per hour. Goyal also shared plans to soon launch long-distance intercity all-electric rides.
Read more here
Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.