Delhi HC halts Gensol & BluSmart 3rd party claims on 220 EVsThe Delhi High Court has further restricted Gensol Engineering and BluSmart Mobility from creating third-party rights over 220 additional E...
08 May, 2025, 12.35 AM IST
Delhi HC curbs Gensol, BluSmart from creating third-party rights over 220 EVs leased to SMAS Auto, Shefasteq OPCSMAS Auto had leased 164 EVs to Gensol and 46 to BluSmart, while Shefasteq had leased 10. Justice Jyoti Singh refused to direct repossessio...
07 May, 2025, 10.18 PM IST
Delhi HC bars Gensol, BluSmart from creating rights over leased EVs amid financial irregularitiesThe Delhi High Court has barred Gensol Engineering and BluSmart from creating third-party rights over 95 Tata EVs leased by Clime Finance, ...
29 Apr, 2025, 08.23 PM IST
Delhi HC bars Gensol Engineering and BluSmart Mobility from alienating EVs leased from OrixThe Delhi High Court has restrained Gensol Engineering and BluSmart Mobility from alienating 175 electric vehicles leased by Orix, a Japane...
25 Apr, 2025, 07.14 PM IST
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...
23 Apr, 2025, 06.50 PM IST
PFC, IREDA initiate probe into Gensol Engineering's Rs 663 crore loanPower Finance Corporation and IREDA have launched internal investigations into a ₹663 crore loan to Gensol Engineering for EV purchases lea...
23 Apr, 2025, 12.39 AM IST
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...
22 Apr, 2025, 07.12 PM IST
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...
21 Apr, 2025, 02.15 PM IST
PFC, IREDA mull sale of Gensol EVs to secure loansPower Finance Corp. and IREDA are considering auctioning Gensol's electric vehicles, acquired through loans, due to concerns over potential...
21 Apr, 2025, 05.30 AM IST
Who are the Jaggi brothers—and how did Gensol, BluSmart get here?India’s markets regulator Sebi has accused BluSmart founders Anmol and Puneet Singh Jaggi of diverting funds from their listed firm Gensol ...
19 Apr, 2025, 08.00 AM IST
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...
18 Apr, 2025, 06.48 PM IST
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...
17 Apr, 2025, 12.54 PM IST
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 ...
16 Apr, 2025, 03.42 PM IST
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...
29 Mar, 2025, 10.11 PM IST
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...
28 Mar, 2025, 09.25 PM IST
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 ...
17 Mar, 2025, 11.37 AM IST
‘Gensol liquidity woes may last 90 days; paring BluSmart ties’Gensol Engineering's liquidity issues are being addressed as its connection with BluSmart is phased out. To stabilize finances, the company...
14 Mar, 2025, 05.30 AM IST