India’s leading electric ride-hailing company, BluSmart, is undergoing a period of significant upheaval, marked by top-level executive exits and strategic asset sales. According to a report by Morning Context, CEO Anirudh Arun has stepped down amid reported tensions with investors, with Nandan Sharma now taking over the leadership role.

This leadership shake-up is part of a broader wave of departures, including Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and Vice-President of Experience Priya Chakravarthy. These exits are believed to be tied to BluSmart’s urgent need to raise funds through asset liquidation following financial strain and the closure of its Dubai operations.

Amid these challenges, reports suggest that Uber has entered early-stage discussions to acquire BluSmart, potentially eyeing its EV fleet and charging infrastructure to bolster its presence in India’s growing electric ride-hailing market. However, BluSmart has firmly denied these claims, with a company spokesperson calling them “speculative and unfounded” while reiterating its commitment to independent growth.

Adding to the turmoil, BluSmart’s parent company, Gensol Engineering, is also grappling with financial difficulties and is taking measures to address liquidity concerns.

With mounting financial pressure, leadership changes, and industry speculation, BluSmart finds itself at a critical juncture as it navigates the complexities of India’s competitive ride-hailing sector.