BluSmart's ex-CEO leads Refex bid to salvage bankrupt ride app

Anirudh Arun, the former chief executive officer (CEO) of all-electricride-hailing platform BluSmart, is now seeking to regain control of the defunct company through Refex Mobility, said multiple people aware of the development.

- Agnidev Bhattacharya

The sustainable transport provider, which operates a fleet of more than 1,400 vehicles, is targeting BluSmart's over 5,000 charging stations and technology stack, and has asked its interim resolution professional (IRP) to reopen the expression of interest (Eol) window after missing the initial deadline, said a person familiar with the matter.

The firm is expanding its presence across five cities: Bengaluru, Hyderabad, Delhi, Mumbai, and Chennai.

Refex Mobility is a wholly owned subsidiary of conglom erate Refex Industries Ltd, which had been in talks to acquire Gensol Engineering Ltd's 2,997 electric cars leased to the electric cab operator, but dropped the deal in March after the latter's ratings were downgraded.

Arun, who exited the ride-hailing company during its debt-repayment crisis earlier in 2025, along with chief technology officer Rishabh Sood and chief business officer Tushar Garg, joined Refex Mobility in August as its CEO.