Uber Initiates Talks To Acquire BluSmart, Says Report; Startup Denies

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SUMMARY

Uber is evaluating BluSmart Mobility’s assets, in particular its 8,500-strong electric vehicle fleet

This comes at a time when Gensol, which owns a large portion of BluSmart’s EV fleet and is promoted by its cofounder Jaggi, is facing liquidity challenges

BluSmart rejected the report, calling it “speculative and unfounded”

Ride-hailing giant Uber is reportedly in early talks to acquire EV cab-hailing startup BluSmart Mobility.

The development comes at a time when Gensol Engineering, a solar engineering,…



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Uber Initiates Talks To Acquire BluSmart, Says Report; Startup Denies


SUMMARY

Uber is evaluating BluSmart Mobility’s assets, in particular its 8,500-strong electric vehicle fleet

This comes at a time when Gensol, which owns a large portion of BluSmart’s EV fleet and is promoted by its cofounder Jaggi, is facing liquidity challenges

BluSmart rejected the report, calling it “speculative and unfounded”

Ride-hailing giant Uber is reportedly in early talks to acquire EV cab-hailing startup BluSmart Mobility.

The development comes at a time when Gensol Engineering, a solar engineering,…



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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