Fresh Trouble For BluSmart As Refex Drops Gensol’s EV Fleet Acquisition Plan

In a fresh development, Refex Industries has terminated its deal to acquire 2,997 electric vehicles from Gensol Engineering

This comes two months after Gensol’s EV financing arm Gensol EV Lease Pvt Ltd, in January, decided to sell 2,997 EV cars, which were leased to BluSmart

Promoters of Gensol, Anmol Jaggi and Puneet Jaggi, are the cofounders of BluSmart

There seems to be no respite for Gensol Engineering and ride-hailing startup BluSmart. In a fresh development, Refex Industries has terminated its deal to acquire…