BluSmart Mobility

EV Ride Hailing Service BluSmart Rakes Up $42M to Augment Operations

EV ride-hailing firm BluSmart Mobility, which also serves as an EV charging superhub infrastructure operator, has shared that it has pocketed $42 million in its recently held round in April. BluSmart Mobility will employ the funds raised to expand reach into mega cities, and expand fleet to 10,000  over the next year. BluSmart boasts of […]

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PFC Approves Rs 633 Cr Loan for Deployment of 5000 EV Cabs, 1000 EV Cargo Vehicles

CPSU under the Ministry of Power, Power Finance Corporation (PFC) has given a loan sanction worth Rs 633 crore to Gensol Engineering Ltd. This loan will facilitate the purchase of 5,000 passenger electric vehicles and 1,000 cargo EVs. Gensol Engineering delves into the commissioning of solar projects in India and abroad and is a maker […]

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In India’s Largest EV Fleet Order, TATA Motors to Deliver 25,000 E-Sedans to Uber

Tata Motors and Uber have signed an MoU for the supply of electric sedans. Under the agreement, TATA Motors, the largest maker of electric cars in India, will supply 25,000 of its X-Pres-T electric sedans to ride-hailing giant Uber. This is India’s largest order for electric vehicles between the EV manufacturer and the ride-hailing company […]

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IREDA Inks MoU with Bank of India for Co-Lending for RE Projects

To facilitate co-lending, co-origination, and loan syndication for renewable energy projects, The Bank of India (BoI) and the Indian Renewable Energy Development Agency Limited (IREDA) inks MoU (Memorandum of Understanding). IREDA is one of the earliest and largest renewables-focused financial institutions. The MoU will enable cooperation between IREDA and BoI on renewable energy initiatives including […]

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Tata Motors to help BluSmart Mobility Expand EV Fleet in Delhi-NCR

Automaker Tata Motors has signed an Memorandum of Understanding (MoU) with BluSmart Mobility, a ride-hailing mobility service, for expanding their all-electric fleet multi-fold across Delhi NCR. Tata will supply 3,500 XPRES T EVs as part of the deal. According to Mr. Ramesh Dorairajan, Head – Electric Vehicles (Commercial), Tata Motors, “With the XPRES- T EV, Tata […]

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