Overview

• Blue Energy Motors said it raised $30 million in a fresh round, taking total capital to $50 million, with participation from Nikhil Kamath and Omnitex Industries.
• The company plans to use the funds to unlock production capacity at its Pune plant and speed development and rollout of LNG and electric heavy-duty trucks.
• Blue Energy says commercial production of its electric trucks has begun, with an October launch expected, a timeline the company has reported but not independently confirmed.
• The firm reports around 1,000 LNG trucks sold that have logged more than 60 million km and avoided over 15,000 tonnes of CO2 in operation with large corporate fleets.
• Essar and FPT (Iveco Group) remain strategic partners as the company targets freight decarbonisation in a sector often cited as contributing nearly 15% of India’s emissions.