Evera Cabs Proposes Lease of 1,000 EVs From BluSmart Amid Insolvency Proceedings

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SUMMARY

Evera Cabs has proposed a structured monthly lease, allowing it to onboard the cabs in a phased manner based on their working condition and operational capacity

Evera acquired nearly 220 EV cabs previously operated by BluSmart in May this year, followed by an additional 280 cabs, taking its fleet size to 500

The startup aims to expand its recently launched B2C hourly rental service by onboarding the new EV cab fleet.

Amid ongoing insolvency proceedings, BluSmart’s rival startup Evera Cabs has proposed a lease…



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Evera Cabs Proposes Lease of 1,000 EVs From BluSmart Amid Insolvency Proceedings


SUMMARY

Evera Cabs has proposed a structured monthly lease, allowing it to onboard the cabs in a phased manner based on their working condition and operational capacity

Evera acquired nearly 220 EV cabs previously operated by BluSmart in May this year, followed by an additional 280 cabs, taking its fleet size to 500

The startup aims to expand its recently launched B2C hourly rental service by onboarding the new EV cab fleet.

Amid ongoing insolvency proceedings, BluSmart’s rival startup Evera Cabs has proposed a lease…



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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