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Eversource eyes BluSmart assets in insolvency process
Mint Kolkata
|March 06, 2026
Climate-focused PE firm aims to expand from B2B fleets into B2C ride-hailing via BluSmart
In April 2025, Eversource had emerged as a front runner to acquire BluSmart in a deal reportedly worth up to ₹1,200 crore, but the discussions eventually did not materialize.
(REUTERS)
Eversource Capital appears to be back in the fray for electric vehicle ride-hailing startup BluSmart Mobility, with the climate-focused private equity firm now interested in acquiring the company’s assets under insolvency proceedings, two people aware of the matter told Mint.
With BluSmart, Eversource aims to enter consumer mobility, expanding beyond the business-to-business fleet (B2B) model of Lithium Urban Technologies into the business-to-consumer (B2C) ride-hailing market, one of the people cited above said. Both people requested anonymity.
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