Gensol Engineering caught investors’ attention on Thursday morning, with shares surging over 7% in early trade. The spark? A headline-grabbing tie-up with Refex Green Mobility that signals a big leap in the electric vehicle space. The stock opened strong at ₹750.05, already up 2.8% from the previous close of ₹729.70, and quickly gained momentum to hit an intraday high of ₹782.20. Clearly, the market liked what it heard: Refex Green Mobility is stepping in to take over Gensol’s fleet of 2,997 electric four-wheelers (e4Ws) in a strategic deal that could reshape the EV landscape. Here’s the breakdown: Refex will absorb Gensol’s loan facility of ₹315 crore, streamline operations, and expand e4W deployments in major markets like Chennai, Bengaluru, Hyderabad, Mumbai, and Pune, where it already has a solid presence. As part of the arrangement, the vehicles will be leased to Blu-Smart Mobility, a key player in electric mobility operating in Delhi NCR and Bengaluru. For Gensol, this isn’t just about shedding assets; it’s about sharpening focus while strengthening India’s shift toward sustainable mobility. Refex, meanwhile, sees this as a stepping stone in its push to scale cleaner transportation solutions, complementing its existing fleet of over 1,000 electric cars. Of course, there’s a caveat—the transaction hinges on regulatory and financial stakeholder approvals. But if all goes smoothly, this deal could mark a turning point, not just for Gensol and Refex, but for India’s broader EV ecosystem. Investors seem to think so too, and with momentum like this, Gensol’s stock might just keep charging ahead.