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BLUSMART OPERATIONS SUSPENDED
NCLT admits insolvency case against Blu-Smart Mobility TechThe National Company Law Tribunal has admitted an insolvency case against Blu-Smart Mobility Tech. This follows a plea from Lepton Software...- BluSmart's ride into the sunset: Timeline of events at the cab-hailing EV firmBluSmart was founded in January 2019 in Gurugram by Anmol Singh, Punit K Goyal and Punet Singh Jaggi. Just a few months later, in July 2019...
- Nearly 2,000 BluSmart EVs on the block as lenders, lessors look to recover moneyBluSmart faced financial issues and suspended operations. Now, lenders are trying to sell around 1,500-2,000 of its electric vehicles. Seve...
- Evera Cabs initiates repossession of 500 electric cabs earlier operated by BluSmartEvera Cabs is repossessing 500 electric cabs from BluSmart, having already acquired 220 vehicles, aiming to strengthen its position in airp...
- BluSmart hires Grant Thornton to conduct audit; company’s losses more than doubled to Rs 470 crore in FY24BluSmart has appointed Grant Thornton to conduct the audit amid concerns over a significant cash discrepancy as the EV ride-hailing firm fa...
- BluSmart faces audit; Ather's investor gainsBluSmart’s board has appointed Grant Thornton to audit the cash-strapped company’s financials. This and more in today’s ETtech Top 5.
- BluSmart bust makes investors rewrite the fine printFollowing financial irregularities at Gensol Engineering and BluSmart, investors are tightening investment contract terms. Lawyers indicate...
- Crisis-hit BluSmart’s 500 staffers await clarity on their salary duesOn April 16, BluSmart suspended its ride-hailing operation. A day later, in an email to its customers, the company said it would initiate a...
- Next in Gensol crisis; No-go for China in India’s electronicsLenders to Gensol are getting jittery as the company’s troubles compound. This and more in today’s ETtech Top 5.
- Money stuck in BluSmart wallet? Here are your options for claiming a refund or withdrawalBluSmart customers are facing issues with withdrawing money from their wallets amid concerns about the company's future. Despite the app's ...
- Tesla shopping for Indian partners; Investor heat on BluSmartHappy Monday! Tesla wants to broaden its supply chain and source semiconductor chips in India amid the global trade war. This and more in t...
- BluSmart bond holders may invoke immediate repayment provisionsBluSmart Mobility, which raised approximately Rs 100 crore through non-convertible debentures (NCDs) from high-net-worth individuals and re...
- Gensol promoters quit board; BluSmart begins shutting operationsThe resignations come after capital markets regulator Sebi has issued an interim order against Gensol Engineering and its promoters — Anmol...
- Stranded by Swindle: Gensol, BluSmart staff queue up to catch better rideFollowing regulatory scrutiny and financial misconduct allegations against its parent company Gensol Engineering, BluSmart employees, inclu...
- 'Tough, sad for those involved': Boat cofounder Aman Gupta reflects on BluSmart’s troublesAman Gupta said incidents like these shake trust in the startup ecosystem and highlighted the importance of strong ethics and compliance. H...
- How to get money back from BlueSmart wallet as Gensol fraud puts brakes on cab opsBluSmart, the electric ride-hailing service, has unexpectedly ceased cab bookings in major Indian cities, leaving commuters stranded. This ...
- BluSmart: Wallet worries for customers as EV ride-hailing service screeches to a sudden haltBluSmart, an EV ride-hailing service, faces disruption following a Sebi order against its promoters for alleged fund misallocation. Users h...
- BluSmart cab services stay suspended in Delhi-NCR, Bengaluru, Mumbai as cofounder under Sebi lensBluSmart operations remained suspended on Thursday across Delhi-NCR, Bengaluru, and Mumbai amid a Sebi probe into cofounder-linked Gensol o...
- BluSmart halts Delhi airport operations amid Sebi heat on promotersEV ride-hailing startup has pulled out of the Delhi international airport amid regulatory scrutiny and potential stake sale to Uber. A pass...
- BluSmart begins pullback of ride-hailing operationsBluSmart has started suspending its cab services in certain areas of Delhi-NCR, Bengaluru, and Mumbai as it begins transitioning its fleet ...
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