India’s BluSmart closes down, leaving vehicle drivers, workers in limbo
Staff members have actually encountered pay hold-ups considering that March, without any discontinuation notifications or clearness concerning the firm’s strategies.
Indian PE company considering EV ride-hailing firm BluSmart
The offer deserves in between Rs 8 billion (US$ 90 million) and Rs 100 billion (US$ 120 million).
India’s BluSmart prolongs purse reimbursement timeline to 90 days
The adjustment comes as adventure reservations are put on hold in cities where firms run (consisting of Delhi NCR).
India’s BluSmart deals with unpredictable future over fund abuse asserts
The founder presumably over used EV funding funds for individual expenditures such as deluxe residential properties.
Indian regulatory authority probes EV lending abuse by BluSmart founder
Sebi’s acting order declares that the Jaggi siblings abused EV lending funds for individual expenditures.
India’s BluSmart companions with Uber after finishing solutions
Blusmart is apparently looking for $150 to $20 million from Uber.
Uber to discover purchase of BluSmart EV taxis
The emphasis of the arrangements is Blusmart’s properties.
BluSmart India to launch electric car hailing service in Mumbai
Since its founding in 2019, BluSmart has completed 21 million rides.