Overview

• Investor Nikhil Kamath and Omnitex Industries participated in the latest round, adding to strategic backing from Essar and FPT (Iveco Group).
• Blue Energy Motors says the funds will help fully activate its Pune plant’s 10,000-truck yearly capacity and accelerate production of LNG and battery-electric heavy-duty models.
• The company reports about 1,000 LNG trucks sold that have logged over 60 million kilometres and cut more than 15,000 tonnes of CO2 emissions.
• Financial Express reports Kamath invested $10 million with the balance from Omnitex, and the founder said electric trucks are in commercial production with an October launch expected and developed in-house with component support.
• Coverage places the raise in the context of India’s freight decarbonisation push, with policies such as the PM E-DRIVE Scheme offering incentives for e-trucks.