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EV ride-hailing startup BluSmart is seeking $30 million to address halted operations, unpaid salaries, and mounting liabilities. The funding, backed by existing investors, hinges on the exit of co-founder Anmol Singh Jaggi amid regulatory scrutiny. Talks with Uber and acquisition interest from Eversource Capital signal possible paths to revival.
Reports suggest Uber is in early-stage talks to acquire BluSmart Mobility, a leading EV ride-hailing service in India. However, BluSmart has refuted these claims, stating that no such discussions are taking place. This potential acquisition, if true, could be a strategic move for Uber in India's competitive electric mobility space.
BluSmart, an innovative Indian ride-hailing service, has launched its operations in Dubai, setting the stage to challenge established players like Careem, Uber, and Hala. Starting with a pilot of 100 Audi E-Tron SUVs and 130 drivers, BluSmart aims to redefine urban mobility in the UAE's largest city. The company, which debuted in 2019 with an electric vehicle fleet in India, has now set its sights on global expansion, beginning with Dubai and soon, Abu Dhabi. With a recent infusion of $25 million to bolster its infrastructure and a fleet of over 7,300 EVs, BluSmart is poised for rapid growth, underscoring its commitment to sustainable and innovative transport solutions.