Evera Cabs Steps In as BluSmart Faces Financial Challenges

In a significant move within the electric vehicle (EV) taxi service sector, Evera Cabs has announced the acquisition of the first batch of 500 EVs previously leased to the now-troubled BluSmart. This strategic expansion comes at a time when BluSmart's operations have been suspended, leaving many drivers without employment.

Drivers Find New Opportunities with Evera

Evera is not only adding vehicles to its fleet but also welcoming drivers displaced by BluSmart's sudden shutdown. "A significant number of BluSmart drivers, including a notable percentage of women, are joining Evera, with around 150 already back on the road," the company stated. This transition is providing much-needed stability for drivers affected by the suspension of BluSmart's services.

BluSmart's Downfall and Market Opportunities

The suspension of BluSmart's operations, once a formidable competitor to giants like Ola and Uber, has left a void in the market. Evera is quickly capitalizing on this opportunity to meet the growing demand for eco-friendly cab services. The company plans to deploy the newly acquired EVs primarily around Delhi airport, aiming to enhance its service coverage.

Behind BluSmart's operational halt is a scandal involving fund diversion by its promoters, leading to a forensic audit by Grant Thornton and regulatory action by Sebi. This development has prompted Evera and other players to fill the gap, ensuring the continuity of electric cab services in key Indian cities.