Eversource Capital In Talks To Acquire BluSmart

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SUMMARY

Eversource Capital has offered to acquire BluSmart, which is in trouble because of its close connection with Gensol, for around INR 800 Cr to INR 1,000 Cr

Eversource has put up a condition that cofounders Anmol Singh Jaggi and Puneet Singh Jaggi move out of the EV ride-hailing startup

Eversource plans to merge BluSmart with its portfolio startup Lithium Urban and infuse $100 Mn in the combined entity

Climate-focussed PE firm Eversource Capital is in talks to acquire…



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Eversource Capital In Talks To Acquire BluSmart


SUMMARY

Eversource Capital has offered to acquire BluSmart, which is in trouble because of its close connection with Gensol, for around INR 800 Cr to INR 1,000 Cr

Eversource has put up a condition that cofounders Anmol Singh Jaggi and Puneet Singh Jaggi move out of the EV ride-hailing startup

Eversource plans to merge BluSmart with its portfolio startup Lithium Urban and infuse $100 Mn in the combined entity

Climate-focussed PE firm Eversource Capital is in talks 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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