Ride-hailing service BluSmart closes Series A1 funding round, raises $25 mn

This is a follow-up to the series A round that closed in September 2021, bringing the total of BluSmart Series A investment to a significant $50.7 million

BluSmart, the electric full-stack ride-hailing service and operator of EV Superhubs, announced it has closed a Series A1 round raising $25 million. This is a follow-up to the series A round that closed in September 2021, bringing the total of its Series A investment to a significant $50.7 million.

The company has raised $25 million in the Series A1 round comprising $15 million equity capital and a venture debt of $10 million. The equity round was led by BP Ventures and Green Frontier Capital with participation from existing investors. The venture debt funding comes from Stride Ventures, Alteria Capital, BlackSoil