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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

BluSmart - Revolutionizing Sustainable Mobility in India⚡ BluSmart is an Indian startup that aims to revolutionize the urban mobility sector by providing eco-friendly transportation solutions. Founded in 2019 by Anmol Jaggi, Punit K Goyal, and Punee

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-

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

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

BluSmart’s Reboot: A Story of Promise, Pitfalls, and Possible Redemption In a dramatic turn for India’s all-electric ride-hailing pioneer BluSmart, major investors including BP Ventures are now in advanced talks to acquire co-founder Anmol Singh Jag

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

A new, sustainable rideshare platform that is leaving behind Ola and Uber. 𝗶𝘁𝘀 𝗕𝗹𝘂𝗲𝘀𝗺𝗮𝗿𝘁 !! Today, while traveling with BluSmart during my marathon, I had a conversation with the driver, and he literally helped me with my content by sha

Kudos to Jaggi brothers - for having successfully executed one more fraud! This time, Rs 176 / 166 / 124 crore big - depending on how you see this. They have literally scammed off yet again, while much of the media except The Ken is silent on this.

Business News Digest: • Global Tech & Trade Shifts ⤷ Apple plans to transfer most U.S.-bound iPhone production to India come June, says Tim Cook. ⤷ Ted Sarandos says that Netflix India operations have contributed $2B to the Indian economy via local