BluSmart, the popular electric ride-hailing service in Delhi-NCR and Bengaluru, has abruptly suspended all new ride bookings without prior notice. This sudden halt comes amid a SEBI investigation into Gensol Engineering, BluSmart’s financial backer, accused of misusing over ₹200 crore in government loans. With key executives resigning and the company planning to pivot as a fleet partner for Uber, BluSmart users are left stranded and uncertain about refunds and future services. WATCH.
