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BLUSMART INVESTMENTS
Gensol defaults on BluSmart-linked bond repayment for MayGensol Engineering, linked to BluSmart's founders, has defaulted on Rs 4 crore in payments to its pass-through certificate (PTC) holders, i...- Crisis-hit Gensol defaults on May payment of BluSmart cabs loansGensol Engineering, linked to BluSmart founders, has defaulted on payments to its PTC holders. The default amount is around ₹4 crore. Repay...
- 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 bust makes investors rewrite the fine printFollowing financial irregularities at Gensol Engineering and BluSmart, investors are tightening investment contract terms. Lawyers indicate...
- Eversource makes Rs 1,200 crore offer for BluSmart, but deal clouded by Gensol probeEversource’s offer may not result in a deal due to probes at BluSmart’s sister concern Gensol; Eversource may directly negotiate with lende...
- 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...
- 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 ...
- BluSmart secures Rs 100 crore financing under its asset leasing initiativePartners can purchase electric cars and lease these cars to BluSmart under the 'Assure by BluSmart' initiative. The company said that Assur...
- 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 appoints Google's Aditi Shukla as president of corporate developmentAt BluSmart, Aditi Shukla will lead strategic initiatives across fundraising and strategic partnerships, and will work closely with the sta...
- Switzerland-based responsAbility to invest USD 25 mln in BluSmartThe investment will support BluSmart in expanding its EV charging infrastructure across India. BluSmart, which operates Southeast Asia's la...
- 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...
- 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 ride-hailing firm BluSmart close to raising $250 million: CEOBluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors wit...
- Indian EV ride-hailing firm BluSmart close to raising $250 million: CEOBluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors wit...
- 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 ...
- BP leads $25 million funding round in EV ride-hailing startup BluSmartBluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional...
- 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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