Uber considering acquisition of India's BluSmart Mobility
Uber is in early talks to acquire BluSmart Mobility, an electric cab service in India. This potential deal aims to enhance Uber's position in the growing electric vehicle market and improve its competitiveness against rivals. BluSmart operates over 5,000 electric vehicles in major cities like Delhi, Mumbai, and Bengaluru. The company also manages EV charging infrastructure in these areas. The acquisition could help Uber expand its EV offerings under its Uber Green service. BluSmart's parent company, Gensol Engineering, is facing financial difficulties and is seeking to raise funds. Despite raising significant investment, BluSmart has struggled with high costs and delays in government subsidies.