Not able to book BluSmart rides in Delhi-NCR, Mumbai, Bangalore, Kolkata and these cities? This is the reason

BluSmart, Gensol's EV ride-hailing platform, has paused new bookings amid operational restructuring, shifting its fleet to Uber. SEBI revealed Gensol promoters diverted funds meant for EV procurement to purchase a luxury apartment. The investigation highlighted fund transfers from Gensol routed back through related entities, and BluSmart has reportedly delayed salary payments.

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