BluSmart plans to raise over $300 mn in three years; expand fleet to 25,000 EVs

BluSmart, India’s biggest electric car operator, is planning to raise more than $300 million in three years as it wants to expand its fleet by thousands of cars. The company aims to increase its fleet of electric vehicles to take on the likes of Uber and Ola. 

According to a report in Bloomberg, BluSmart plans to increase its fleet of EVs to 13,000 by March 2025 from 7,500 currently, as per Punit Goyal, co-founder of BluSmart, who divulged in an interview. It aims to have 25,000 cars in three years.