Industry reports suggest that Uber might be thinking at purchasing Everest Fleet, its vendor.
With a daring plan to transform urban mobility and construct the nation’s first all-electric ride-hailing fleet, BluSmart took to the Indian road in 2019. With the promise of cleaner air and environmentally friendly transportation, the business swiftly established itself in a market that was dominated by Ola and Uber. By 2024, however, BluSmart is at a turning point in its history.
Despite its early success, the company is already actively looking for a buyer since its asset-heavy business strategy is putting a strain on its finances. According to reports, Uber, a ride-hailing company, is in the early stages of negotiations to purchase BluSmart.
This is still extremely early in the conversation. It’s possible that Uber is considering if this would work well together. Currently, nevertheless, BluSmart’s assets are too costly for anyone to purchase. This agreement will take a lot longer to move along, according to an industry source with knowledge of the situation.
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