As India’s leading EV ride-hailing and charging infrastructure platform, BluSmart remains focused on scaling its operations, expanding its footprint, and driving sustainable mobility forward, the spokesperson added. “Our commitment to transforming urban transportation with clean energy remains unwavering, and we continue to build for the long term.”
“We urge all stakeholders to disregard these baseless rumors and rely on official company communications for accurate information,” the spokesperson added.
Reports stated that Uber is in the early stages of talks to acquire BluSmart, as its parent company, Gensol Engineering, is looking to exit the capital-intensive business.
These reports have emerged amid liquidity issues faced by Gensol Engineering. However, BluSmart has denied any discussions with Uber.
Last year, BluSmart raised approximately ₹200 crore in a funding round led by existing investors, including Zurich-based climate finance firm ResponsAbility Investments, cricketer MS Dhoni’s Family Office, and ReNew founder Sumant Sinha.
Additionally, in January 2024, BluSmart secured $25 million through a mix of debt and equity from ResponsAbility. The company has said that the funding will be used to expand operations and develop EV charging infrastructure and assets.
