IREDA sanctions Rs 267 cr loan to BluSmart Mobility for electric cars

IREDA has sanctioned a loan of over Rs 267 cr 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. It is country’s leading financial institution dedicated to clean energy expansion.

BluSmart company is working on India’s path to zero-emission mobility, improving the quality of life of the driver-partners.