BluSmart raises $24 million from MS Dhoni Family Office, ReNew Power CEO Sumant Sinha

Punit Goyal, Co-founder, BluSmart and Anmol Jaggi, Co-founder, BluSmart with Sumant Sinha, Founder, ReNew Power

BluSmart has raised $24 million in its pre-seried B funding round  from new investors Switzerland-based asset manager responsAbility Investments AG, ReNew Power chief executive officer Sumant Sinha and MS Dhoni family office, the electric ride-hailing firm said on July 15.

The round also saw participation from existing investors and BluSmart founders.

The latest funding round will support BluSmart in expanding its operations and building real EV charging infrastructure and assets in the megacities of India, the firm said in a statement.

The funding comes four months after the firm announced that Switzerland-based asset manager responsAbility Investments AG would investing up to $ 25 million (around Rs 208 crore) in the firm.

In December, the platform secured $24 million in equity round in addition to raising long-term and sustainable EV asset funds worth $200 million, backed by leading development financial institutions.

The EV firm was founded in December 2019 by Anmol Jaggi, Punit K Goyal and Puneet Singh Jaggi with the idea of bringing a new, greener ride-hailing option to the massive Indian market.

The firm raised $109 million across its seed and Series A rounds till date.