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Uber in early talks to acquire EV ride-hailing firm BluSmart

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Ride-hailing giant Uber is in the early stages of talks to acquire BluSmart, an electric vehicle-based cab service company, as its parent company, Gensol Engineering, is looking to exit the capital-intensive business,
Uber is reportedly in preliminary discussions to acquire BluSmart, an electric vehicle (EV) ride-hailing startup based in India. This potential acquisition aims to bolster Uber's presence in the EV sector, aligning with its global strategy to transition towards more sustainable transportation options. BluSmart, known for its all-electric fleet, has been expanding its operations in key Indian cities like Delhi-NCR and Bangalore. The talks are still in the early stages, and no financial details or specific terms of the deal have been disclosed yet. This move could help Uber tap into the growing demand for eco-friendly transportation solutions in India, where environmental concerns are increasingly influencing consumer choices.

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[ https://www.moneycontrol.com/news/business/startup/uber-in-early-talks-to-acquire-ev-ride-hailing-firm-blusmart-12965712.html ]