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BluSmart Tata Power: EV ride-hailing compay BluSmart will get 30 MW of electricity this year from Tata Power, which will be utilised to power the companys entire fleet of 6,000 cabs in Delhi NCR and Bengaluru, the latter said in a statement. The electricity will be sourced from Tata Powers 200 MW solar power plant in Rajasthan.

BluSmart, an electric mobility service, signed a deal with Tata Power to source 30 MW of green energy. This allows BluSmart to power its charging infrastructure and eliminate indirect emissions, becoming the first mobility player in India to achieve zero emissions.

Days ahead of a decisive extraordinary general meeting, Byju Raveendran wrote a letter to shareholders informing them that the edtech firms rights issue has been fully subscribed. Details of this and more in todays ETtech Top 5.

BluSmart, an Indian ride-hailing startup that competes with Uber and homegrown rival Ola with its all-electric fleet, is looking to boost its battery BluSmart has received the latest funding of $25 million from Switzerland-based impact fund ResponsAbility to expand its EV charging infrastructure.

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Indian EV ride-hailing platform BluSmart has raised $25 million from ResponsAbility to expand its EV charging infrastructure. The investment includes $20 million in debt and $5 million in equity funding. BluSmart currently operates 6,000 EV cabs and owns 4,000 EV chargers across Delhi-NCR and Bengaluru.

This is BluSmarts first move away from having no differential fares, which it has marketed as a unique selling proposition against larger competitors Uber and Ola.

Catch all the important developments of the week in the PE/VC industry.

The funding was in the form of a rights issue, and has not seen participation from new investors. The round also saw BluSmarts founders increasing their stake in the company.

BluSmart currently operates within India and South East Asia offering EV full stack ecosystem with over 5,500 BluSmart EVs on the roads.