{"id":623760,"date":"2023-12-22T09:32:59","date_gmt":"2023-12-22T04:02:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623760"},"modified":"2023-12-22T10:40:33","modified_gmt":"2023-12-22T05:10:33","slug":"blusmart-raises-24-million-via-issue-of-equity-rights-to-fund-expansion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/blusmart-raises-24-million-via-issue-of-equity-rights-to-fund-expansion\/","title":{"rendered":"BluSmart raises $24 million via issue of equity rights to fund expansion"},"content":{"rendered":"<p>Electric vehicle ride-hailing service and charging infrastructure network operator BluSmart on Thursday said it raised $24 million (Rs 200 crore) through issue of equity rights to its existing investors for funding the company&#8217;s expansion. <\/p>\n<p>The latest funding round saw participation through over-subscription of equities by existing investors, founders and the leadership team, BluSmart said in a statement. <\/p>\n<p>Currently, the platform operates over 5,500 electric vehicles in the domestic market. It owns and operates over 4,000 EV chargers across its 34 charging superhubs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric vehicle ride-hailing service and charging infrastructure network operator BluSmart on Thursday said it raised $24 million (Rs 200 crore) through issue of equity rights to its existing investors for funding the company&#8217;s expansion. The latest funding round saw participation through over-subscription of equities by existing investors, founders and the leadership team, BluSmart said in a statement. Currently, the platform operates over 5,500 electric vehicles in the domestic market. It owns and operates over 4,000 EV chargers across its 34 charging superhubs.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-623760","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=623760"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623760\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}