Archive · 19 Dec 2025
Refex Mobility Bids to Salvage Bankrupt EV Ride Hailer
A company called Refex Mobility, led by someone who used to work for BluSmart, wants to help a company that provides electric vehicle rides and is in financial trouble.
The troubled company owes money to people and other companies, and Refex wants to pay those debts.
The process started when people asked for their money back in July.
By November, 15 companies, including Refex, showed interest.
However, Refex missed the deadline to officially say they wanted to help, which was in December.
Refex is still trying to figure out how to make things work.
Refex Mobility, led by a former BluSmart executive, submitted a bid to salvage a bankrupt EV ride-hailing company.
The Insolvency Resolution Professional (IRP) invited bids to resolve claims after individuals and firms approached for unpaid dues in late July.
Around 15 bids were received by November, including one from Refex Mobility.
Refex Mobility missed the deadline to submit their Expressions of Interest (EoIs) by the second week of December.
Refex Mobility is still working on a solution to salvage the bankrupt EV ride-hailing company.
- Who
- Refex Mobility, a company led by a former BluSmart executive, is attempting to salvage a bankrupt EV ride-hailing company.
- What
- Refex Mobility submitted a bid to resolve the claims of the bankrupt EV ride-hailing company.
- When
- The bids were invited by the Insolvency Resolution Professional (IRP) around a month after individuals and firms approached to stake claims for their unpaid dues in late July. The deadline for submitting Expressions of Interest (EoIs) was the second week of December, which Refex missed.
- Where
- The location is not specified in the article.
- Why
- Refex Mobility aims to resolve the claims and potentially salvage the bankrupt EV ride-hailing company.
- Company
- Refex Mobility
- Industry
- Electric Vehicle Ride Hailing
- Status
- Bankrupt
- Bids Received
- 15
- Deadline Missed
- Second week of December