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SMART FINANCING FOR EVS
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 27%, according to analystsWe are in a phase in the US-Israel-Iran war where statements are made, then retracted. And, in a matter of just 48 hours, they are made all...- MUFG’s new India fund; District goes sportingHappy Tuesday! Japan’s MUFG is doubling down on India just as a new wave of investors moves into the country’s startup market. This and mor...
- Why India's mid & smallcaps are outrunning Nifty 50 & where to invest now? Rajesh Kothari explainsIndian mid and smallcap stocks are surging ahead of largecaps. This divergence is driven by robust earnings. Many mid and smallcap firms ar...
- Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
- Inside India’s Next-Gen Workspaces: The Rise of Intelligent Commercial EcosystemsL&T Realty is expanding its commercial real estate footprint while setting new benchmarks for India’s modern work environment
- Startups seek digital gold rules; IT firms bet on freshersHappy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Mornin...
- 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...
- Why it's time to mend India's broken EV financing ecosystemA unified approach involving OEMs, financiers, and regulators is crucial to establish data-driven underwriting and a robust used EV market,...
- 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...
- 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...
- 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...
- 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...
- BII bullish on Indian EV ecosystem, expects to invest USD 300 mn in 3 yrs: MD Abhinav SinhaAbhinav Sinha of British International Investment envisions India surpassing China in EV adoption by 2030, ahead of Europe and the US, driv...
- BluSmart signs deal with Tata Power; moves to solar power for all EV charging needsEV ride-hailing compay BluSmart will get 30 MW of electricity this year from Tata Power, which will be utilised to power the company's enti...
- 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 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...
- 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...
- 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...
- 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 ...
- Quiklyz ties up with BluSmart Mobility for EV leasingAs part of this arrangement, Quiklyz will provide customized lease for up to 500 Electric Vehicles (EVs) which will be deployed on BluSmart...
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