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of <h1>BluSmart Suspends Electric Cab Services Following Regulatory Investigation into Alleged Fund Misuse by Co-Founders</h1> Electric cab-hailing platform BluSmart suspended operations across three major Indian cities after market regulator imposed restrictions on its co-founders. The company halted bookings due to an ongoing investigation into alleged fund misuse at an affiliated renewable energy company. BluSmart promised customer refunds within 90 days and the suspension impacts over 8,000 taxis and thousands of driver partners.
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