BluSmart rebrands itself as Uber Green in Bengaluru: Report

BluSmart, once seen as a competitor to Uber and Ola in India’s electric ride-hailing space, has been rebranding its fleet under Uber Green, as per a report by NDTV Profit. The move comes after the company halted cab bookings across Delhi-NCR, Bengaluru and Mumbai due to a major financial fraud, involving its financial backer Gensol Engineering, that SEBI had flagged this week. The company, which took a Rs 900 crore loan for EVs, has allegedly diverted Rs 262 crore to purchase a DLF Camellias flat.