Electric taxi service provider Evera Cabs (Prakriti Mobility) has initiated the repossession of 500 electric cabs earlier operated by troubled BluSmart. Evera said that 220 vehicles have been acquired and the remaining 280 are set to be reclaimed in the coming days.
The company added that it is looking to enhance its position as a leading electric cab service provider, with a strong focus on airport mobility. Evera has plans to acquire 1,000 BluSmart cars.
"What we're executing is not just a scale-up, it is a realignment of the electric mobility narrative in India. As key players recalibrate, Evera is stepping forward with clear intent, absorbing proven EV assets and trusted drivers to ensure uninterrupted service across key routes," Evera Co-Founder and CEO Nimish Trivedi said.
Evera said its repossession of BluSmart's cabs through its lenders is part of a multi-stage strategic plan to reinforce its footprint in NCR's high-demand airport cab sector.
In the next phase, Evera has plans to double down on its airport network expansion, extending services across all terminals of Delhi's airport.
Last month electric cab-hailing platform BluSmart suspended operations across Delhi-NCR, Bengaluru, and Mumbai after capital market regulator Sebi banned Gensol Engineering and promoters - Anmol Singh Jaggi and Puneet Singh Jaggi, who are also co-founders of BluSmart - from the securities markets in a fund diversion and governance lapses case.