BP Ventures invests $25m in Indian EV ride-hailing startup BluSmart

BP Ventures, the venture capital firm of energy major BP, has invested $13 million in integrated EV ride-hailing and charging company BluSmart. It is BP Ventures’ first direct investment in India. It led a $25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns, and Survam Partners, alongside other existing investors.