IREDA Sanctions: 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.
IREDA Sanctions: BluSmart Company
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