New Delhi, March 17 -- The electric ride-hailing startup BluSmart Mobility, which possesses a robust technology-oriented electric vehicle ecosystem, is reportedly poised for acquisition by Uber.

The speculation arises alongside the reports stating that Gensol Engineering, which holds a substantial stake in Uber's BluSmart 8,500 electric cab fleet, is in dire financial trouble.

Gensol is led by Anmol Singh Jaggi, BluSmart's cofounder, who serves as the company's chairman and managing director. If completed, the deal is likely to catapult Uber into the forefront of the EV ride-hailing market in India, making the company more formidable in its battle against competitors like Ola, Rapido, and eee-Taxi while bolstering the Uber Green segment...