The family office of former Indian cricket team captain Mahendra Singh Dhoni, was one of the investors in a Rs 200 crore ($24 million) in a pre-series B funding round at electric ride hailing service BluSmart.
The other new investors include Switzerland-based asset manager responsAbility Investments AG and ReNew Power chief executive officer Sumant Sinha, BluSmart, founded in 2019, stated Monday.
The latest funding round will support BluSmart in expanding its operations and building real EV charging infrastructure and assets in the megacities of India, the firm said in a statement.
“Investing in BluSmart’s sustainable business model is not just about supporting a company; it’s about being part of a movement that shapes the future of mobility. In a world where innovation drives sustainable choices, I am excited to back BluSmart’s pioneering efforts in reshaping urban transportation,” Dhoni stated.
This would be Dhoni’s third investment in startups in the automobile sector. Some of Dhoni’s other investments include electric cycles maker EMotorad, used car retailer Cars24, and digital lending platform Khatabook.
