I'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, filed a suit against Gensol, seeking to recover INR 11.25 Cr and also restraining the latter from creating any third party rights or interest for the EVs mentioned above.
I'm just a normal gu... • 2m
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
See MoreI'm just a normal gu... • 2m
Gensol is facing additional challenges as its lenders, Power Finance Corporation (PFC) and the Indian Renewable Energy Development Agency (IREDA), are reportedly preparing to initiate legal proceedings to recover outstanding loans from the EPC compan
See MoreFounder - Burn Inves... • 3m
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 tro
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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
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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
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Dexter Capital Advisors • 3m
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
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
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Dexter Capital Advisors • 2m
I hope I am not sued for this. Not alleging anything and can be 100% wrong. But I am scared that Bhavish & Ola Electric may building a Gensol <> Blusmart like shady ploy 🙏🙏 You see, I came down on this company called Turbo Fleet Aggregators, which
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