BluSmart investors propose $30M in new funding to revive the Uber rival

An investor-driven plan could revitalize BluSmart's EV cab-hailing startup, but with a twist: existing co-founder Anmol Singh Jaggi must resign as part of an $30 million investment to cover operational liabilities. The proposal risks further impacting riders and drivers already affected by the shutdown, though some relief may come from new EVs leased by a rival service. Existing investors are hopeful BluSmart could regain its footing within three weeks, though challenges like corporate governance issues and competition from established players remain.