<ul><li>The EV ride-hailing company BluSmart is facing a deepening crisis.</li><li>BluSmart's daily rides on its platform have fallen to less than half compared to its peak last year.</li><li>Gensol Engineering, which leased out around 3,000 EVs to BluSmart, is looking to sell these cars to repay its debt.</li><li>BluSmart is also facing challenges from its rivals, with Uber showing interest in acquiring its assets, and Rapido offering incentives to BluSmart drivers.</li></ul>

End trip for BluSmart? Behind the EV ride-hailing company’s deepening crisis

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