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BLUSMART DEBT
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...- NCLT Ahmedabad bench admits insolvency petitions against Blusmart MobilityThe bench has appointed a resolution professional after concluding that the company has not paid around Rs 1.28 crore in dues against one o...
- 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...
- 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 crisis: Green mobility’s red flag is giving HNIs bond bluesThe bondholders’ concerns stem from cash-strapped BluSmart’s failure to raise $50 million in a fresh round and an ongoing probe by markets ...
- 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...
- Exclusive: BluSmart may end cab-hailing trip, hit reverse gearElectric ride-hailing startup BluSmart plans to exit its core business and become a fleet partner for Uber, starting with 700-800 cars. Str...
- End trip for BluSmart? Behind the EV ride-hailing company’s deepening crisisGensol’s debt crisis forces it to sell 3,000 EVs, impacting BluSmart, which faces declining rides and competition from Rapido. Leadership e...
- Refex Industries, Gensol Engineering call off EV deal citing evolving commitmentsThe deal involved Refex taking over 2,997 cars owned by Gensol, along with Rs 315 crore in debt. The deal fell through primarily because of...
- 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 ...
- EV ride-hailing company BluSmart raises $24 million in fundingThe funding round saw participation from BluSmart’s own investors, Zurich-based climate finance firm ResponsAbility Investments, cricketer ...
- BluSmart raises $25 million in mix of debt and equity from ResponsAbilityIndian EV ride-hailing platform BluSmart has raised $25 million from ResponsAbility to expand its EV charging infrastructure. The investmen...
- EV ride-hailing startup BluSmart raises $24 millionThe funding was in the form of a rights issue, and has not seen participation from new investors. The round also saw BluSmart’s founders in...
- BluSmart Mobility taps Tata Motors, MG Motor India for 3800 e-carsThis will be the second biggest induction of EVs by the startup in 2023. In March this year, Gensol Engineering, the BSE-listed engineering...
- BluSmart crosses annual revenue run rate of Rs 400 croreOperating in Delhi-NCR and Bengaluru, BluSmart has achieved a milestone of 5,000 electric vehicles (EVs). It has also set up over 3,900 EV ...
- Founder buys investor Mayfield’s stake in EV startup BluSmart for Rs 32 croreThe six founders now own over 30% stake in the electric mobility firm.
- EV cab startup BluSmart raises $42 million in funding from BP Ventures, othersThe funds from the latest round will be utilised to penetrate deeper into mega cities, and expand its fleet capacity to 10,000 over the nex...
- EV cab company BluSmart raises $25 million fundingBluSmart is one of the few mobility companies in India that use electric cars in the ride-hailing business. The company operates primarily ...
- BluSmart Mobility raises Rs 51.4 crore from Inflection Point Ventures, othersThe all-electric mobility platform will use the funds to increase the number of cars on board, set up more charging infrastructure, technol...
- All-electric ride hailing platform , BluSmart raises $7 million in pre-series A fundingThe startup plans to add more electric cars and charging stations on its all electric ride-sharing platform in 2021. Recently, the company ...
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