By Jaime Llinares Taboada

 

BP PLC said Thursday that it has invested $13 million in BluSmart, an Indian electric-vehicle ride hailing and charging startup.

The British energy company said the investment led to a $25 million Series A financing round, which also saw support from Mayfield India Fund, 9Unicorns and Survam Partners.

BluSmart will use the money to expand its fleet of EVs and charging stations to five additional Indian cities in the next two years.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

September 30, 2021 06:26 ET (10:26 GMT)

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