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Electric cab startup Evera in talks with Gensol to lease 1,000 carsGensol had initially considered selling the cars. But Evera has proposed leasing them instead. The IRP, Keshav Khaneja, along with the CoC,...- 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...
- RBI reviews e-wallets of EV players after BluSmart goes bustIndia's central bank is reviewing digital wallets linked to electric-vehicle companies after BluSmart's collapse left users stranded with i...
- Electric cab startup Evera begins absorbing BluSmart’s repossessed EVs; eyes Delhi airport dominanceThe Delhi-based all-electric cab service company has onboarded 220 vehicles till now, with plans to add the rest in the coming days. Eventu...
- 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 appoints Grant Thornton for a forensic audit, sources sayBluSmart, an Indian electric cab service, has appointed Grant Thornton for a forensic audit following a regulatory investigation. The probe...
- 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...
- Aman Gupta on BluSmart crisis: A 'much-needed reality check' for the startup ecosystemFollowing BluSmart's crisis, Aman Gupta addressed the startup ecosystem, highlighting the importance of ethics and compliance. He acknowled...
- 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...
- ETtech in-depth: Ride-hailing on a rollercoaster ride with sharp twists, turnsIndia's ride-hailing market has seen major changes in the last 12-15 months, with Rapido gaining a 20% share, while BluSmart and Ola lose g...
- Scoop: Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisitionUber is in early talks to acquire BluSmart Mobility, boosting its electric cab presence in India. The move comes amid Gensol Engineering’s ...
- Taxi trips from Bengaluru airport via apps set to become costlierThe fee increase is happening as the agreements between cab companies Ola, Uber and BluSmart and the Bengaluru International Airport Ltd (B...
- End of Paytm’s existing wallet biz; Tribe Capital’s India playHappy Tuesday! Regulatory actions have crippled Paytm Payments Bank's mobile wallet business. This and more in today’s ETtech Morning Dispa...
- BluSmart rides out of FY24 with Rs 390-crore revenue in the bootBluSmart aims for Rs 800 crore FY25 revenue, with BP Ventures support. Competing with Rapido, Namma Yatri, targeting Ebitda profitability b...
- India Inc ropes in EV cab companies to offer green rides to staffersCompanies including MakeMyTrip, Cairn India, Apollo Tyres, ABB India, Zomato, and EY are doing this to reduce their carbon footprints, thei...
- Taxi startup BluSmart picks EV fight with UberIndian ride-hailing startup BluSmart is challenging Uber and Ola for market share in India with its all-electric taxi fleet and focus on lu...
- As banks hesitate to finance, electric vehicles get a 'lease' of lifeLeasing of vehicles allows the fleet operators to be asset light and channel the capital to other parts of their business instead of spendi...
- Delhi: How ride-hailing startups with electric vehicle-only fleet are ushering in change for climateTwo months ago, the AAP government issued a draft policy making Delhi the first state in the country to adopt a policy to regulate vehicula...
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