BluSmart may end cab-hailing trip, hit reverse gear

Cash-strapped electric ride-hailing startup BluSmart is planning to exit its core business and pivot to operating as a fleet partner of rival Uber, nearly six years after it first entered the mobility space in a similar capacity, said people briefed on developments.

“BluSmart’s shareholders have approved a plan as per which it will begin a transition of the fleet from its platform to Uber over the next few weeks. This will be facilitated in phases starting with 700-800 cars to begin with,” said one of the persons. “Once the transition is…