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The Indian Renewable Energy Development Agency (IREDA) has filed an insolvency petition against BluSmart’s related entity and troubled engineering, procurement and construction (EPC) company Gensol Engineering. In a filing with the exchanges, IREDA

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

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

Sankalp 24 Highlights (Olala!!) Ola Electric • Launched Roaster X, Roadster, and Roadster Pro with prices starting from INR 74,999, INR 1,04,999, and INR 1,99,999 respectively • Integrating Bharat 4680 cells in EVs starting Q1 FY26 • Launched Gen-

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

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

Top News Of the Day: 1. Electronica Finance, a provider of loans to micro, small, and medium enterprises (MSME), has raised $48 million (around INR 398 cr.) in a Series B funding round. 2. SingleInterface Bags $30 Mn (around INR 249 cr.) To Offer H

Top News of the Day: 1. Machine manufacturing startup Autocracy Machinery has raised Rs 5 crore in a a pre Series A round led by Venture Catalysts along 2. Amazon has invested INR 600 crore (approximately $72 million) in its Indian fintech arm, Ama

Top News of the Day: 1. Ola Electric has responded to MapMyIndia's accusations of data misappropriation as "opportunistic." 2. Ola Cabs has introduced a loyalty program called Ola Coin and relaunched its ride-sharing service on its platform in an e

Top News of the Day: 1. Google will face a revived lawsuit from Google Chrome users who claim the company collected their personal data without permission. 2. Qatar Airways to buy 25% stake in South African carrier Airlink 3. Ola defended itself b