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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

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

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

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

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-

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

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

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

𝗪𝗵𝗮𝘁 𝗱𝗿𝗶𝘃𝗲𝘀 𝘆𝗼𝘂? There's something within you that inherently and unconsciously forces you to do all the work. But we don't often think about or analyze them. It's important to reflect on your drivers so you can become more conscious o

Sadly, the entire Gensol scam deepens. Jaggi orchestrated such big lies and scams. He claimed that: - Gensol had operationalised a EV manufacturing plant in Pune’s Chakan automotive industrial area - And that in Feb, the company had received pre-or