EV startup BluSmart collectively raises $50 Mn to expand its superhubs
Image Credit: economic times
EV startup BluSmart has raised $25 Mn in its follow-on Series A (Series A1) funding round. With this investment, the EV startup has closed its Series A1 round of $50 Mn. The round is a mix of equity and debt as it comprises $15 Mn equity and $10 Mn as venture debt. As per the statement, BluSmart’s equity round was co-led by BP Ventures and Green Frontier Capital along with other existing investors.