Refex Green Mobility Limited has announced the acquisition of 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 across key markets, including Chennai, Bengaluru, Hyderabad, Mumbai, and Pune, where Refex Green Mobility operates. Additionally, the company plans to lease these vehicles to Blu-Smart Mobility Limited to enhance operations in Delhi NCR and Bengaluru.