Electric vehicle resale values crash worldwide in 2025 The secondhand electric vehicle market is hemorrhaging value worldwide, creating financial crises for fleet operators and individual owners alike. When India's BluSmart ride-hailing service collapsed in April, its fleet of electric cars, originally worth over $12,000, flooded the market at around $3,000, as reported in Rest of World. — Read the rest The post Electric vehicle resale values crash worldwide in 2025 appeared first on Boing Boing.

Startup failures: Why India’s unicorns are falling apart | Policy Circle Byju’s collapse and Paytm’s setbacks show that valuation-driven startup expansion cannot substitute for sustainable business fundamentals. #startups #Byju's #Paytm #Ola

The downfall of high-profile firms like #Byju's, #Paytm and #BluSmart highlights the urgent need for regulatory reform and stronger governance.
www.policycircle.org/industry/why...

The two key trigger points of the downfall of BluSmart are:

*Pricing of the share - insider trading
*diversion of funds

Further details are given in my article below.
#BluSmart #fraud #SundaySpecial

www.livemint.com/companies/bl...

Raising funding at right valuation: Smart

Raising funding at higher valuation: Over-Smart

Raising funding for 43 Crore valuation flat in Gurgaon: BluSmart

#BluSmart #FundingMisuse #Humour

Gensol-BluSmart Debacle: Anatomy of Vanishing Promoter Stake - The Raisina Hills The Gensol-BluSmart episode isa full-blown morality play on dangers of unchecked ambition, regulatory loopholes, and systemic complacency.

#Gensol The Gensol-BluSmart episode isa full-blown morality play on dangers of unchecked ambition, regulatory loopholes, and systemic complacency. #BluSmart #StockMarket I #Opinion by P Sesh Kumar I theraisinahills.com/gensol-blusm...

La société indienne de voitures partagées BluSmart interrompt ses réservations en raison d’allégations de mauvaise gestion financière Principaux renseignements BluSmart, la plus grande flotte de covoiturage entièrement électrique de l’Inde avec plus de 8 000 véhicules, a cessé d’accepter de nouvelles réservations, signalant une fin potentielle pour cette start-up autrefois prometteuse. Connue pour ses normes de service élevées, notamment ses voitures bien entretenues et ses chauffeurs courtois, BluSmart se distinguait de ses […]

La société indienne de voitures partagées BluSmart interrompt ses réservations en raison d’allégations de mauvaise gestion financière #BluSmart #Covoiturage #VoituresPartagées #StartUp #ÉconomiePartagée

#BluSmart rebrands itself as #UberGreen in #Bengaluru

Indiaas deelwagenbedrijf BluSmart staakt boekingen wegens beschuldigingen van financieel wanbeheer Key takeaways BluSmart, India’s grootste volledig elektrische ride-hailing vloot met meer dan 8.000 voertuigen, is gestopt met het accepteren van nieuwe boekingen, wat een mogelijk einde betekent voor de eens zo veelbelovende start-up. BluSmart stond bekend om zijn hoge servicenormen, waaronder goed onderhouden auto’s en hoffelijke chauffeurs, en onderscheidde zich van de concurrentie door een […]

Indiaas deelwagenbedrijf BluSmart staakt boekingen wegens beschuldigingen van financieel wanbeheer #BluSmart #deelwagen #Indië #financieelwanbeheer #elektrischrijden

The sUB(ER)tle Art of Brand Jacking !!! 🤭🫢

It's unfortunate on what's happening to BluSmart 🚕 due to its dependency on Gensol.

Hope UBER will be kind enough to absorb BluSmart's talented Tech-Product-Ops-Support Team...
just like it's been casually prepping BluSmart users.

#Uber #BluSmart

India’s Uber-rival BluSmart appears to suspend service in wake of EV loan probe | TechCrunch BluSmart, India's all-electric cab-hailing startup that was once seen as an emerging rival to Uber, appears to have suspended service in some cities just

🦋 India’s Uber-rival BluSmart appears to suspend service in wake of EV loan probe

BluSmart, India’s all-electric cab-hailing startup that was once seen as an emerging rival to Uber, appears to have suspended service in some cities just as the country’s market regulator launched a p...
#BluSmart

How BluSmart promoters diverted EV loans, bought flat in DLF Camellias Mumbai/New Delhi, April 16 (SocialNews.XYZ) In a shocking revelation, Gensol Engineering Limited (GEL) promoters Anmol Singh Jaggi and Puneet Singh Jaggi have been found to be diverting funds meant for electric vehicle (EV) procurement to buy a luxury apartment in Gurugram's upscale residential project -- The Camellias by DLF. The findings were part of an interim order issued by the Securities and Exchange Board of India (SEBI) on April 15, which has led to a major crackdown against Gensol Engineering Limited (GEL) and its promoters.

How BluSmart promoters diverted EV loans, bought flat in DLF Camellias #BluSmart #EV #DLFCamellias #socialnewsxyz

BluSmart

The core idea of #BluSmart still has merit.

What did them in was Founder Greed and corruption!

Raise only what you need!

And The money you raise for a product has to be used for that product!

Period!

India's BluSmart swept up in Gensol investigation alleging misuse of EV loans | TechCrunch India's market regulator launched a probe Tuesday into Gensol Engineering after finding alleged misuse of electric vehicle loans. BluSmart, a ride-hailing

Just to remind ourselves, #BluSmart raised $480 million in funding from 2 VCs!

$480 million!! 😳

And what do they have to show for it?

Bought down by founder corruption - plain & simple!

#startup #startupsuccess

techcrunch.com/2025/04/15/i...

#Uber is in early discussions with #EVridehailingstartup #BluSmart for a possible #acquisition

Will Gensol Be Able To Drive Out of Latest Crisis? - Saur Energy International A downgrade by ratings agency ICRA has sent the  Gensol Engineering stock on a tailspin, with the stock falling over 40% in the past four days. What’s behind Gensol Engineering’s massive stock crash? ...

Will Gensol Engineering Limited Be Able To Drive Out of Latest Crisis?

Read more www.saurenergy.com/solar-energy...

#ICRA #BluSmart #renewableenergy

Stay up to date with the renewable energy industry by following Saur Energy WhatsApp channel whatsapp.com/channel/0029...

trackNOW secures extended seed fund from Poonawalla Group The company had previously secured seed funding in FY24, led by GI Ventures and BluSmart co-founder Anmol Jaggi.

The Gujarat-based fleet management and advanced telematic tracking solution company trackNOW has recently raised an extended seed fund of an undisclosed amount.

#trackNOW #PoonawallaGroup #GIVentures #BluSmart #Gujarat #technology