MUMBAI, March 5 -- Eversource Capital appears to be back in the fray for electric vehicle ride-hailing startup BluSmart Mobility, with the climate-focused private equity firm now interested in acquiring the company's assets under insolvency proceedings, two people aware of the matter told Mint.

With BluSmart, Eversource aims to enter consumer mobility, expanding beyond the business-to-business fleet (B2B) model of Lithium Urban Technologies into the business-to-consumer (B2C) ride-hailing market, one of the people cited above said. Both people requested anonymity.

Since the plan involves assets under insolvency proceedings, no valuation has been discussed at this point, the other person said. The value for the assets will likely be disc...