Uber is in early negotiations to buy BluSmart, an EV ride-hailing company. (Communities - News & Events)
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Item ID 3124113 in Category: Communities - News & Events
Uber is in early negotiations to buy BluSmart, an EV ride-hailing company. | |
The discussions take place as Gensol Engineering, the parent company of BluSmart, struggles with liquidity. Since its parent company, Gensol Engineering, wants to get out of the capital-intensive industry, ride-hailing behemoth Uber is in the early stages of negotiations to buy BluSmart, an electric vehicle-based taxi service provider, according to sources who spoke to Moneycontrol. The discussions start when Gensol Engineering, the parent company of BluSmart, has cash problems. BluSmart denies ever having such a conversation with Uber. “BluSmart flatly rejects any talks or negotiations about being acquired by Uber. Such a development is completely theoretical and unfounded, according to the article. “As the top EV ride-hailing and charging infrastructure platform in India, BluSmart is committed to growing its business, extending its reach, and advancing sustainable mobility,” a BluSmart representative stated in response to Moneycontrol’s questions.  | |
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| Target State: Haryana Target City : Lucknow Last Update : 22 March 2025 2:27 PM Number of Views: 26 | Item Owner : Entrepreneurkiawaz Contact Email: Contact Phone: 9315895421 |
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2025-03-29 (0.392 sec)