India’s leading manufacturer of LNG and electric heavy-duty trucks, Blue Energy Motors (BEM), has achieved fresh funding, making its total capital to $ 50 million. The company’s vision for green mobility is supported by Essar and FPT (IVECO Group), serving both as a strategic investor and technology partner. In the latest funding round, Blue Energy Motors raised an additional $ 30 million from Nikhil Kamath and Omantes Industries.
The BEM currently has a manufacturing capacity of 10,000 trucks per year. Fresh funding will play an important role in fully unlocked this capacity, accelerating production, expanding the development of heavy trucks of liquid natural gas (LNG) and electric vehicles (EV) and increasing the green dynamics footprint of the company across India.
The company leads India’s transport sector, which contributes about 15% of the country’s total carbon emissions. As India’s largest manufacturer of LNG trucks, the company has sold around 1000 vehicles that are successfully running with the leading Fortune 500 companies. These trucks have collectively traveled over 60 million kilometers, leaving carbon emissions more than 15,000 tonnes (CO2).
Commenting on raising funds, Anirudh Bhukwalka, founder and managing director of Blue Energy Motors said, “Fresh Fund has empowered India’s shift to accelerate clean, permanent goods transport to strengthen Blue Energy Motors. By exploiting both LNG and electric truck technologies, we are ready to move towards Sustainable Solutions. Maforefront and determines the phase for long -term value construction for our investors.
Investor and entrepreneur, Nikhil Kamath said, “The future of logistics in India will be made on clean, scalable technology. The real opportunity lies in solutions that do not only pursue disintegration, but distribute it silently, efficiently and on a scale. Blue energy is good.”
Eshuman Ruia, Director, Essar said, “As investors in Blue Energy Motors, Essar is deeply committed to intensifying India’s infection for Green Mobility. Our continuous investment underlines our trust in blue energy motors and to decore the company’s innovative approach to deck for heavy transportation.”
As India moves towards a cleaner and more energy-efficient future, Blue Energy Motors are well deployed to lead goods transport sector infections.
, a top Indian manufacturer of LNG and electric heavy-duty trucks, has raised an additional $30 million, bringing its total funding to $50 million. The company’s green mobility vision is supported by strategic investors Essar and FPT (Iveco Group), with the latest funding round including investments from Nikhil Kamath and Omnitex Industries.){kind=link}