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BLUSMART OPERATIONS
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...- 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,...
- 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...
- BluSmart drivers protest over unpaid dues, demand jobs after shutdownBluSmart drivers in Delhi-NCR are protesting after the EV ride-hailing platform abruptly ceased operations, leaving them without pay or exp...
- 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...
- 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...
- Anmol Jaggi pitched strategic changes at BluSmart ahead of Sebi crackdown on GensolHours before the Sebi interim order unmasking irregularities at Gensol Engineering, BluSmart cofounder Anmol Singh Jaggi wrote to sharehold...
- Sanjeev Bikhchandani on BluSmart: ‘Drivers are worst hit’BluSmart Cabs, an electric mobility startup, shut down abruptly, raising concerns over corporate governance and the impact on gig economy w...
- 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...
- 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 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 ...
- 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...
- 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...
- 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...
- BluSmart Mobility unveils new pricing policy for rush, relaxed hoursThis is BluSmart's first move away from having no differential fares, which it has marketed as a unique selling proposition against larger ...
- 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...
- 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 ...
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