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.
Edtech major Byjus beset with internal and external challenges rolled out a rights issue to raise up to $200 million. In its desperate attempt to raise much-needed capital, it s ready to take a 99% cut in valuation. This and more in todays ETtech Top 5.
Switzerland-headquartered impact investor responsAbility will invest up to $25 million (Rs 207 crore) in electric mobility startup BluSmart.
The investment comes as a part of responsAbility’s ..