Blusmart: app based cab service company Uber Electric Vehicle Cab Service Provider can acquire Bluusmart Blusmart. According to sources in Moneycontrol, the conversation between them is still in the initial stage. Jansol Engineering, a parent company of Blussmart, now wants to get out of this cab service business. & Nbsp;
The company said this on acquisition by Uber
Let us know that the conversation between the two companies is happening at a time when Jansol Engineering is facing a serious financial situation. The company’s shares are also seeing a huge decline. However, Blussmart has refused to have any kind of conversation with Uber. & Nbsp;
Blussmart spokesperson has flatly refused any discussion or negotiation about the company’s acquisition by Uber. He said that Bluusmart is focusing on increasing its operations in the coming time. He described the claim of Uber being acquired in the report as baseless. & Nbsp;
Blussmart facing difficulties
Jansol Engineering, working in the solar sector, stepped into electric vehicle space through Blussmart. When it was launched in the year 2019, it was believed that it would give a tough competition to cab service provider like Ola, Uber. Electric vehicle service Blussmart promised to make clean and pollution free travel without any emissions in the growing market of transport in urban areas. However, in the last few years it also faced many problems. One, EV charging infrastructure and drivers are under pressure due to the demand to make the payment more. Alam is that in recent times the company is facing difficulties to raise funds. & Nbsp;
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