The Ministry of Corporate Affairs (MCA) has begun a probe into Gensol Engineering and its group company BluSmart Mobility for allegedly flouting corporate governance norms under the Companies Act. The…
Gensol Engineering
To avoid Gensol from creating third-party rights over the fleet, the Delhi High Court appointed a receiver to take deemed possession of the 95 electric vehicles leased by BluSmart Cabs…
In accordance with reports, investment company Eversource Capital has made an offer to acquire BluSmart, an electric ride-hailing platform currently facing a governance and financial crisis caused by its co-founders’…
Electric ride-hailing start-up BluSmart plans to cease its core business and begin operating as a fleet partner for rival Uber. The shareholders of BluSmart have also sanctioned a proposal to…
Gensol Engineering (GEL) has inked a MoU with the Gujarat government to spend Rs 2,000 crore in the establishment of an electric car manufacturing factory. In the presence of Gujarati…
Ahmedabad based Solar group Gensol Engineering has decided to buy majority stake in a US-based electric vehicle manufacturing start-up to deliver a robust domestically manufactured electric car in India. With…