Founder - Burn Inves... • 2m
After Gensol's fraudulent activities, even BluSmart has stopped taking bookings in many areas now. Gensol was a very important partner for them the majority of the vehicles that BluSmart had were leased to them by Gensol. Now, they're even having trouble continuing their operations. That's why diversification is really important, man.
Keen Learner and Exp... • 2m
India's Latest Start Up Scandal Gensol borrowed almost ₹978 crore to rent electric vehicles (EVs) to BluSmart. And the interesting fact here is that Gensol has no direct equity or ownership interest in BluSmart as a distinct legal entity. Gensol do
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Dexter Capital Advisors • 3m
I wish media had reported why Blusmart/Gensol’s recent deal with Refex was called off 3 days ago 🙏🙏 Almost a lakh Gensol public shareholders and the many bondholders of Blusmart deserve answers. While the company has not shared the reason for canc
See MoreI'm just a normal gu... • 2m
The Delhi High Court has ordered seizure and relocation of 129 electric vehicles leased by Gensol Engineering to ride-hailing startup BluSmart, following a petition by lender STCI Finance Ltd. STCI Finance, one of the lenders of the EPC company, fil
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Dexter Capital Advisors • 5m
Blusmart founder’s listed entity, Gensol, has claimed that it has received 30k pre-bookings for its three-wheel car, which was recently displayed at Bharat Auto Expo 🙏🙏 While that’s making much noise, I am not as enthused about it for two reasons
See MoreEntrepreneur | Build... • 3m
DOWNFALL OF BLUESMART Once one of the most innovative players in electric vehicle (EV) ride-hailing, BluSmart is now knee-deep in trouble. What went wrong? It started with a bold idea: an all-EV fleet to take on giants like Ola and Uber. Unlike its
See MoreEntrepreneur | Build... • 2m
Wait What ?? Thats Smart Move 🔥 Climate-focussed PE firm Eversource Capital is in talks to acquire BluSmart, which is in trouble following the crisis at its related entity Gensol, sources told Inc42. Eversource has offered to acquire the EV ride-
See MoreTech guy with a busi... • 2m
So here’s what went wrong with Gensol & BluSmart. The founders, Anmol and Puneet Singh Jaggi, raised a fat ₹978 crore in loans from IREDA and PFC. The money was supposed to be used to build an EV fleet for BluSmart. But guess what? Only 4,704 EVs wer
See MoreFounder of VedspaceA... • 11m
Everyone Says Customer's Feedback is Important, blah blah blah........ how I gather that feedback? Happy Wednesday mates, Yesterday, I told you about why Even Customer's Feedback matter? Some Random founder, "Everyone says customer's feedback
See MoreHey I am on Medial • 9m
I need a tech co-founder. My startup idea is to bring all unorganized road transport (fleet owners, truck owners, mini truck owners, etc.) onto a platform and increase their income by getting them more bookings. This market is 85% unorganized and has
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