BluSmart, India’s electric ride-hailing company, is experiencing significant turbulence with multiple senior executives departing and strategic assets being sold. According to a Morning Context report, CEO Anirudh Arun has exited following investor tensions, with Nandan Sharma taking over leadership responsibilities.
The executive exodus extends beyond the CEO position, with Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, VP of Experience Priya Chakravarthy, and Communications Head Aastha Bhandari Bansal all leaving the company. These departures reportedly stem from BluSmart’s urgent need to liquidate assets and raise capital after experiencing financial pressure and shutting down operations in Dubai.
Complicating matters further, rumors have surfaced about Uber considering an acquisition of BluSmart. These reports suggest Uber is interested in BluSmart’s EV fleet and charging infrastructure to strengthen its position in India’s growing electric ride-hailing market. However, BluSmart has firmly denied these rumors, calling them “speculative and unfounded” while emphasizing its intention to continue operating independently.
The company faces additional challenges as its parent organization, Gensol Engineering, deals with its own liquidity issues. This combination of leadership instability, asset sales, and acquisition speculation highlights BluSmart’s precarious position in India’s competitive ride-hailing industry.
