BluSmart users stranded as firm suspends ride-hailing operations: Report
BluSmart is experiencing widespread booking issues across Delhi-NCR, Bengaluru, and Mumbai due to its strategic shift to integrate its EV fleet with Uber's platform. This transition follows financial difficulties, including high cash burn rates and regulatory action against Gensol Engineering, linked to BluSmart's co-founder. The company has already scaled down its services significantly amid ongoing scrutiny and financial instability.
BluSmart is experiencing widespread booking issues across Delhi-NCR, Bengaluru, and Mumbai due to its strategic shift to integrate its EV fleet with Uber's platform. This transition follows financial difficulties, including high cash burn rates and regulatory action against Gensol Engineering, linked to BluSmart's co-founder. The company has already scaled down its services significantly amid ongoing scrutiny and financial instability.
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