Fresh Trouble For BluSmart As Refex Drops Gensol’s EV Fleet Acquisition Plan

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SUMMARY

In a fresh development, Refex Industries has terminated its deal to acquire 2,997 electric vehicles from Gensol Engineering

This comes two months after Gensol’s EV financing arm Gensol EV Lease Pvt Ltd, in January, decided to sell 2,997 EV cars, which were leased to BluSmart

Promoters of Gensol, Anmol Jaggi and Puneet Jaggi, are the cofounders of BluSmart

There seems to be no respite for Gensol Engineering and ride-hailing startup BluSmart. In a fresh development, Refex Industries has terminated its deal to acquire…



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Fresh Trouble For BluSmart As Refex Drops Gensol’s EV Fleet Acquisition Plan


SUMMARY

In a fresh development, Refex Industries has terminated its deal to acquire 2,997 electric vehicles from Gensol Engineering

This comes two months after Gensol’s EV financing arm Gensol EV Lease Pvt Ltd, in January, decided to sell 2,997 EV cars, which were leased to BluSmart

Promoters of Gensol, Anmol Jaggi and Puneet Jaggi, are the cofounders of BluSmart

There seems to be no respite for Gensol Engineering and ride-hailing startup BluSmart. In a fresh development, Refex Industries has terminated its deal to acquire…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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