Thursday, 15 May, 2025

BluSmart's 2,000 EVs Up for Sale as Lenders Seek Recovery Amid Financial Turmoil

Following BluSmart Mobility's suspension of operations due to financial challenges and fundraising failures, lenders and lessors are attempting to sell approximately 1,500–2,000 electric vehicles to recoup investments. Delhi-based Evera has already integrated 300 of these EVs and is negotiating for up to 1,000 more, while Everest Fleet is also in discussions. Legal actions have been initiated by leasing firms to prevent unauthorized transfers of these assets.