Can Evera Fill The BluSmart Vacuum?

, By INC42
Can Evera Fill The BluSmart Vacuum?
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The BluSmart fiasco in 2025 opened up a gap in the Indian ride-hailing market. The startup had about 8,000 electric cars in its fleet but crashed and shut down in early 2025 as multiple corporate governance issues cropped up.  

In the months since then, other EV-only ride-hailing companies have stepped in to fill the gap. Evera Cabs raised $4 Mn from Mufin Green Finance and following this, Kolkata-based Snap-E Cabs raised $2.5 Mn (around INR 22 Cr) in a bridge round. 

Both companies are gunning to add to their EV fleet with this capital…



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Can Evera Fill The BluSmart Vacuum?

, Published By INC42
Can Evera Fill The BluSmart Vacuum?
Travel


The BluSmart fiasco in 2025 opened up a gap in the Indian ride-hailing market. The startup had about 8,000 electric cars in its fleet but crashed and shut down in early 2025 as multiple corporate governance issues cropped up.  

In the months since then, other EV-only ride-hailing companies have stepped in to fill the gap. Evera Cabs raised $4 Mn from Mufin Green Finance and following this, Kolkata-based Snap-E Cabs raised $2.5 Mn (around INR 22 Cr) in a bridge round. 

Both companies are gunning to add to their EV fleet with this capital…



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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Previous News
How a headphone site operator built loyalty startup Lantern to solve his own problems
Next News
Take our quiz: How much do you know about antimicrobial resistance?
INC42

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