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BluSmart to rejig operations
Financial Express Chennai
|March 20, 2025
Delinking pact with Gensol Engineering
ALL-ELECTRIC RIDE-HAILING platform BluSmart Mobility is restructuring its operations as part of an ongoing effort to streamline its financials. The company, which generates monthly revenue of ₹70 crore, translating to an annual run rate of approximately ₹840 crore, is making strategic adjustments to its fleet management, co-founder Puneet Singh Jaggi told FE in an interaction.
A key part of this restructuring involves Gensol Engineering, a company closely linked to BluSmart, winding down its existing lease arrangements. As part of this move, Gensol is selling 2,997 electric vehicles to Chennai-based Refex Green Mobility, which will then lease them back to BluSmart.
This story is from the March 20, 2025 edition of Financial Express Chennai.
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