The Blusmart electric vehicle is parked on April 17, 2025 at a charging station in Gurugram, India. Reuters/Priyanshu Singh | Photo credit:Priyanshu Singh
Central-backed National Highway Electric Vehicles (NHEVs) have stopped the process of ordering around 2,700 electric SUVs from Blusmart after misuse of funds by the co-founder of an all-electric passenger compartment startup.
NHEV facilitates business (EODB) pilots adopted at the centre after successful technical exams.
On Friday, the Ethics Governance Committee (EODB) and the NHEV (Procurement Committee) met with members of the working group to discuss issues arising from alleged fraud by the co-founder of Blusmart.
This issue is serious as Blusmart is part of a critical and vast pilot project to establish e-highways in the country.
During the meeting, the NHEV (procurement team) said that under current circumstances, ordering through Blusmart poses certain risks. What’s more, Blusmart has been a part of NHEV pilots from the start and needs to deal with company issues urgently.
EODB is seeking a meeting with Blusmart Financiers PFC and Ireda to deliberate issues related to EV acquisition. If PFC and Ireda can take legal action against Blusmart, two agents can win EVs, suggesting that these EVS can be provided to NHEVs to implement pilot projects.
In a statement, EODB proposed: “Ireda & PFC also rely on internal, rental and financial adjustments that have been exercised by the board of directors (from ongoing regulatory body inquiries and fraud actions), to repay financially healthy loans and ultimately provide SPEDMM orders to NHEVs, which are popular with NHEVs, where domestic expansion is recently expanding, and the Ireda and PFC fleet.”
The government had assigned the NHEV by 2027 by converting 5,500 km of national highway stretches to the Bharatmara and Sagarmara routes.
The pilot will include running 2,700 EVs, 345 luxurious electronic buses and 242 roadside support vehicles, but will establish hundreds of battery swapping kiosks and charging stations at project costs of over 6,500 crores.
Released on April 18, 2025
