Gensol Engineering and Refex Green Mobility (Refex eVeelz) have entered into a strategic tie-up for the transfer of 2,997 electric four-wheelers (e4Ws). This step is a significant one towards strengthening sustainable mobility solutions in India.
This strategic tie-up will involve Refex eVeelz assuming Gensol Engineering’s existing loan facility amounting to nearly Rs 315 crore, streamlining operations, and enhancing the deployment of e4Ws across key markets, including Chennai, Bengaluru, Hyderabad, Mumbai, and Pune where Refex eVeelz currently operates.
Refex eVeelz subsequently proposes to lease these said 2,997 vehicles to Blu-Smart Mobility, a leading electric mobility platform, ensuring seamless continuity and growth in the electric mobility sector at Delhi NCR & Bengaluru.
Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.
