Latest News | Passengers Unable to Book BluSmart Cabs Across 3 Metros

Mumbai, Apr 16 (PTI) Several passengers across Delhi-NCR, Bangalore and Mumbai were unable to book cabs through ride hailing app BluSmart on Wednesday.

BluSmart, co-founded by Anmol Singh Jaggi, who is also the promoter of Gensol Engineering, provides electric car services in Delhi-NCR, Bangalore and Mumbai.

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Multiple attempts to book BluSmart rides have failed since the evening, according to various customers.

Gensole and Jaggi are facing multiple headwinds, including financial woes and have come under market regulator Sebi's scanner.

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When contacted, a company spokesperson declined to comment.

In June last year, BluSmart launched services in the UAE as a premium all-electric limousine service.

The company, as on January 9, had a fleet of over 8,500 electric vehicles and a charging network of 5,800 stations across 50 hubs in Delhi NCR and Bengaluru, and was supported by 10,000+ active driver partners.

Sebi on Tuesday barred Gensol engineering and promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi -- from the securities markets till further orders in a fund diversion and governance lapses case.

The regulator has also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders.

Further, the markets watchdog directed Gensol Engineering Ltd (GEL) to put on hold the stock split announced by it.

The order came after the Securities and Exchange Board of India (Sebi) received a complaint in June 2024 relating to the manipulation of share price and diversion of funds from GEL and thereafter started examining the matter.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)