BluSmart Receives $25 Million Investment From Swiss-Based responsAbility

As part of its broader $500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia, responsAbility on behalf of its investors will invest up to $25 million in BluSmart to help expand its EV charging infrastructure across India. The investment follows BluSmart’s $24 million equity round, which was announced in December 2023. BluSmart has also secured long-term and sustainable EV asset financing of $200 million backed by leading Development Financial Institutions (DFIs).

Anmol Singh Jaggi, Co-Founder of BluSmart, said: “Backed by some of the largest energy infrastructure, energy transition & climate-focused funds, this new round marks a significant milestone in BluSmart’s journey in leading India’s transition to a zero-emissions mobility future.”

This investment in BluSmart aligns with responsAbility's ongoing dedication to climate action in Asia. In collaboration with Germany's development bank KfW and the Dutch development bank FMO, responsAbility launched a $500 million climate investment strategy. This strategy, aimed at actively reducing CO2 emissions in Asia, focuses on investments in low-emission technologies.