Indian Renewable Energy Development Agency Limited, IREDA has sanctioned a loan of over 267 crore rupees to start-up company BluSmart Mobility for the purchase of three thousand electric cars. IREDA is a Mini Ratna Company under the administrative control of the New and Renewable Energy Ministry is country's leading financial institution dedicated to clean energy expansion.

BluSmart company is working for India's path to zero-emission mobility, improve the quality of lives of the driver-partners and continue to provide reliable ride-hailing service to the customers. It will use the fresh capital to purchase electric cars leading to an expansion of its Electric Vehicles fleet.