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

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,…