Refex Green Mobility acquires 2,997 electric four-wheelers
Author: PPD Team Date: January 17, 2025
Refex Green Mobility Limited has acquired 2,997 electric four-wheelers (e4Ws) from Gensol Engineering Limited for Rs 3.15 billion. The acquisition includes the transfer of Gensol’s existing loan facility.
The e4Ws will be deployed in key markets such as Chennai, Bengaluru, Hyderabad, Mumbai, and Pune, where Refex Green Mobility operates.
The company also plans to lease the vehicles to Blu-Smart Mobility Limited to support operations in Delhi NCR and Bengaluru.