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BluSmart, Indias top electric cab operator, aims to raise $300 million to expand its fleet with cars from top manufacturers, targeting major cities for premium service. The company focuses on electrification and sustainability efforts in India, with plans to double revenue by 2025.
Happy Friday! The hike in H-1B visa fee will hurt IT service companies severely, experts have warned. This and more in todays ETtech Morning Dispatch.
The company aims to reach 10,000 EV fleet by the end of 2024.
BluSmart has raised nearly $24 million or Rs 200 crore in its latest funding round. In January this year, BluSmart had raised $25 million, while in 2023 it conducted funding rounds worth $66 million.
Shares of Go Digit General Insurance started trading on the stock market Thursday. More on this in todays ETtech Top 5.