Blu-Smart’s secures pre-series B funding Up to USD 24 Million from New and Existing Investors
AZB & Partners is advising the EV ride hailing company Blu-Smart in its Pre-Series B Funding Round wherein existing and new investors including responsAbility fund, Switzerland, MS Dhoni Family Offices, Renew Power CEO Sumant Sinha, are proposing to invest upto USD 24 million.
The funds will be used to expand Blu-Smart’s operations and build real EV charging infrastructure and assets in India’s megacities.
AZB’s deal team comprised Senior Partner Anil Kasturi, Partner Ashish Pareek, Senior Associate Anisha Dash and Associate Nishita Agrawal.
The funding arrives four months after the company revealed that Switzerland-based asset manager responsAbility Investments AG would invest up to USD 25 million (approximately Rs 208 crore) in the firm.
In December, the platform raised USD 24 million in an equity round and secured USD 200 million in long-term and sustainable EV asset funds, supported by prominent development financial institutions.
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