Blue Energy Motors Raises $50Mn to Drive Green Trucking in India

Mumbai-based LNG and Electric heavy-duty trucks manufacturer, Blue Energy Motors (BEM) has secured fresh funding, bringing its total capital raised to $50 million. The companyis backed by Essar and FPT (Iveco Group), serving as both a strategic investor and technology partner. In the latest funding round, Blue Energy Motors raised an additional $30 million from Nikhil Kamath and Omnitex Industries.

The company explained, “BEM currently has a manufacturing capacity of 10,000 trucks per year. The fresh funding will be instrumental in fully unlocking this capacity, accelerating production, expanding the development of liquefied natural gas (LNG) and electric vehicle (EV) heavy-duty trucks, and scaling the company’s green mobility footprint across India.”

As India’s largest LNG trucks manufacturer, it claims to have sold around 1000 vehicles that are running with Fortune 500 companies. These trucks have collectively travelled more than 60 million kms, reducing carbon emissions by over 15,000 tonnes (CO2) to date it claims. 

Leadership View

As India moves toward a cleaner and more energy-efficient future, Blue Energy Motors clams to be well-positioned to lead the transition in the freight transportation sector.

Commenting on the fund raise, Anirudh Bhuwalka, Founder & Managing Director of Blue Energy Motors said, “The fresh fund raise empowers Blue Energy Motors to accelerate India’s shift to clean, sustainable freight transportation. By harnessing both LNG and electric truck technologies, we are set to lead India’s transformation toward sustainable, zero-emission freight. Our commitment to delivering scalable, commercially viable solutions positions us at the MAforefront of the green mobility revolution and sets the stage for long-term value creation for our investors.”

Nikhil Kamath, Investor and Entrepreneur said, ” The future of logistics in India will be built on clean, scalable technology. The real opportunity lies in solutions that don’t just chase disruption, but deliver it quietly, efficiently, and at scale. Blue Energy has done that well.”

Anshuman Ruia, Director, Essar added, “As investors in Blue Energy Motors, Essar remains deeply committed to accelerating India’s transition to green mobility. Our continued investment underscores our confidence in Blue Energy Motors and the company’s innovative approach to decarbonizing heavy-duty transportation. This aligns perfectly with Essar’s broader vision of championing sustainable business solutions across sectors.”