Exclusive: BluSmart may end cab-hailing trip, hit reverse gear
Electric ride-hailing startup BluSmart plans to exit its core business and become a fleet partner for Uber, starting with 700-800 cars. Struggling with high cash burn and failed fundraising efforts, the company is shifting focus amid a broader industry shakeup and financial pressures linked to promoter-backed Gensol Engineering’s debt crisis.
Electric ride-hailing startup BluSmart plans to exit its core business and become a fleet partner for Uber, starting with 700-800 cars. Struggling with high cash burn and failed fundraising efforts, the company is shifting focus amid a broader industry shakeup and financial pressures linked to promoter-backed Gensol Engineering’s debt crisis.
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