India’s BluSmart swept up in Gensol investigation alleging misuse of EV loans

Published by TechCrunch on in Tech
Tags: india gensol market blusmart swept investigation misuse loans 8217 regulator launched probe into alleging tuesday
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India’s market regulator launched a probe Tuesday into Gensol Engineering after finding alleged misuse of electric vehicle loans. BluSmart, a ride-hailing startup connected to Gensol that was once seen as an emerging Uber rival in the South Asian market, has also been swept up into the investigation. The Securities and Exchange Board of India (SEBI) […]

Source: TechCrunch

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