 "BluSmart funding news, BluSmart revival plans, climate funds investing in BluSmart, BluSmart electric mobility investment, BluSmart Eversource Capital deal, BluSmart distress funding, BluSmart EV ride hailing, clean energy investment India, BluSmart")
BluSmart, the all-electric ride-hailing firm, is in talks with two large-scale climate- and mobility-focused distress funds to revive operations, according to sources in the know.
The funds have a legacy of turning around companies in the solar, wind, and electric-vehicle space.
“At BluSmart, the focus is on revival, so some large capital fund comes in. There are two large, clean-climate funds that are looking at BluSmart. They operate in the climate and mobility domain,” a source with direct knowledge of the matter said.
The source also said the two funds were larger than Eversource Capital, which reportedly is in talks
