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# Indian EV cab company BluSmart raises $25 million in funding
- URL: https://www.techloy.com/indian-ev-cab-company-blusmart-raises-25-million-in-funding/
- Published: 2022-05-24T11:34:32.000Z
- Updated: 2025-05-06T09:58:58.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Mobility, EVs, Tech in India, Blusmart

[BluSmart,](https://blu-smart.com/) an Indian-based electric vehicle cab company has raised $25 million in its new funding round combining equity and debt funding. 

- The funds will be used to add to its fleet of EV cars to a total of 5,000 and improve its marketing, it claims.
- BluSmart is a ride-hailing business in India using its own cars to commute passengers in the Delhi-NCR.
- The new funding round was led by BP Ventures and Green Frontier Capital as equity funding while debt funding was received from Stride Ventures, Alteria Capital, BlackSoil and UCIC.
- It last raised $25 million in September 2021 in a round led by BP Ventures.