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    • NCLT finds systemic fraud at Gensol Engineering; passes interim order to freeze bank accounts

      Tribunal orders wide-ranging interim reliefs on MCA’s plea citing fund diversion, financial misreporting, and public interest concerns

    • Gensol Engineering shares jump 5%, hit upper circuit after MD Anmol Jaggi, director Puneet Jaggi resign

      Gensol shares have hit the lower circuit in 29 out of 34 sessions in the past three month.

    • After BluSmart exit, Quick Ride to have cab pick-up zone at Bengaluru airport

      Cab shortage at the Kempegowda International Airport has worsened after BluSmart and Refex eVeelz discontinued services

    • MCA to probe Gensol and BluSmart, says report, shares hit lower circuit for 18th straight session

      BluSmart crisis: Gensol Engineering shares have fallen by a whopping 91 percent in 2025 so far, and the company is being probed by the Corporate Affairs Ministry, capital market watchdog Sebi and the Enforcement Directorate.

    • Gensol Engineering shares hit lower circuit for 17 consecutive sessions, m-cap sinks 98% from highs

      Gensol Engineering's market-capitalization has sunk from Rs 4,200 crore during highs to Rs 94 crore, falling 98 percent.

    • Setback for BluSmart as Uber calls off talks over price, regulatory concerns: Report

      The talks were part of BluSmart’s plan for revival under which it was supposed to act as a fleet partner, the report said

    • BluSmart looks to restart operations in May, turns to climate funds for revival: Report

      The deal is contingent to Anmol Singh Jaggi resigning from the firm, the report has said

    • Gensol Engineering now under EoW lens as lender PFC files complaint

      Power Finance Corporation Ltd (PFC) said it is exploring all possible options to recover an outstanding principal amount of Rs 307 crore from Gensol Engineering Ltd.

    • Gensol, BluSmart now under a third simultaneous investigation as ED probes for money laundering

      Along with two separate investigations by Sebi and the Ministry of Corporate Affairs, it is learnt that the Enforcement Directorate (ED) too will examine the likelihood of money laundering at Gensol Engineering and the electric mobility startup BluSmart.

    • Double whammy: Bengaluru airport cab crunch deepens as BluSmart, Refex pull out

      Passengers travelling to and from Kempegowda International Airport face a double whammy as two electric cab operators, BluSmart and Refex eVeelz, halt services.

    • MS Dhoni, Deepika Padukone, Ashneer Grover among those who invested in troubled BluSmart

      The ride-hailing startup has closed bookings after Sebi alleged that its co-founder diverted funds meant for buying EVs to purchase a luxury apartment

    • 'My elderly parents in Delhi have an unwavering faith in BluSmart': Ex-Google Display MD

      'I hope someone steps in to rescue and preserve BluSmart. I would be happy to help in any way I can,' Parminder Singh said.

    • Gensol likely to face multi-agency probe as Sebi flags fund diversion, stock manipulation

      Legal experts say the allegations, if finally proven, could trigger parallel investigations under corporate fraud, money laundering, and criminal breach of trust laws.

    • Gensol crisis: BluSmart suspends cab bookings via app in parts of NCR, Mumbai and Bengaluru

      The development comes just a day after SEBI’s recent findings in the Gensol Engineering probe that have cast serious doubts over the future of BluSmart.

    • Gensol Engineering and promoters barred from accessing capital market, stock split on hold as Sebi orders forensic audit

      Sebi has also proposed to seek a forensic audit of the books of Gensol Engineering and its related parties, with the directive to submit the report within six months of appointment.

    • BluSmart plans to end cab services, may become Uber's fleet partner, says report

      BluSmart shareholders have reportedly approved a plan to begin the transition of its fleet to Uber over the next few weeks

    • Refex Green mobility drops EV deal with Gensol as BluSmart’s troubles deepen

      The decision, announced in a regulatory filing on March 28 was attributed to evolving commitments on both sides, making it difficult to complete the transaction within the planned timeframe.

    • Refex Green withdraws plan to takeover Gensol's 3,000 EVs, cites 'challenges' to conclude deal

      In a common press release, both companies said, "This decision has been arrived at due to the evolving commitments at both ends, which would make it challenging to conclude the transaction within the originally envisaged timeline."

    • BluSmart seeks a buyer: What’s next for one of India’s oldest EV ride-hailing startups?

      Industry sources indicate that Uber may also be considering an acquisition through its vendor, Everest Fleet.

    • Uber in early talks to acquire EV ride-hailing firm BluSmart

      The talks come in as BluSmart's parent company Gensol Engineering is facing liquidity issues.

    • BluSmart secures Rs 100 cr financing under its asset leasing initiative

      Under the 'Assure by BluSmart' initiative, the partner can purchase electric cars and lease these cars to BluSmart.

    • EV ride-hailing startup BluSmart in talks to raise up to $100 million

      BluSmart, which operates in Delhi-NCR and Bengaluru, went international in June with the launch of a premium all-electric limousine service in Dubai.

    • BluSmart raises $24 million from MS Dhoni Family Office, ReNew Power CEO Sumant Sinha

      The funds will be used to expand BluSmart's operations and build real EV charging infrastructure and assets in India's megacities, the EV ride-hailing firm has said

    • EV ride-hailing firm BluSmart Mobility to raise $25 million in pre-series B funding

      In December of 2023 the platform secured $24 million in equity round in addition to raising long term and sustainable EV asset funds worth USD 200 million, backed by leading development financial institutions.

    • Bengaluru-based EV ride-hailing startup Shoffr raises $1 million from its users

      The startup will use the funds to expand the team, grow sustainably and bring the Shoffr experience to more people, co-founder Vikas Bardia has said

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