India’s BluSmart swept up in Gensol investigation alleging misuse of EV loans

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India’s BluSmart swept up in Gensol investigation alleging misuse of EV loans

techcrunch.com/2025/04/15/indian-ride-hailing-startup-blusmart-swept-up-in-gensol-investigation-alleging-misuse-of-ev-loans

India’s market regulator launched a probe Tuesday into Gensol Engineering after finding alleged misuse of electric vehicle loans. BluSmart, a ride-hailing startup connected to Gensol that was once seen as an emerging Uber rival in the South Asian market, has also been swept up into the…

This story appeared on techcrunch.com, 2025-04-15 19:24:01.