Blue Energy Motors (BEM), a leading Indian manufacturer of LNG and electric heavy-duty trucks, has raised a total of $50 million to accelerate its green mobility initiatives. The funding round, which included a fresh $30 million investment from Nikhil Kamath and Omnitex Industries, strengthens the company’s capacity to expand production and scale its sustainable trucking solutions across India.
BEM’s vision for clean transportation is supported by strategic investor and technology partner Essar and FPT (Iveco Group). With a current annual manufacturing capacity of 10,000 trucks, the company plans to fully leverage this potential through the latest capital infusion. The funds will help expand its portfolio of liquefied natural gas (LNG) and electric trucks while deepening its green mobility footprint nationwide.
As India’s largest manufacturer of LNG trucks, BEM has already sold about 1,000 vehicles, which are currently operational with Fortune 500 companies. Collectively, these trucks have covered more than 60 million kilometres, cutting over 15,000 tonnes of CO₂ emissions.
Commenting on the development, 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.”
Investor and entrepreneur Nikhil Kamath emphasised the scalability of clean logistics solutions, noting:
“The future of logistics in India will be built on clean, scalable technology. Blue Energy has done that well.”
Anshuman Ruia, Director at Essar, added:
“Our continued investment underscores our confidence in Blue Energy Motors and its innovative approach to decarbonizing heavy-duty transportation. This aligns perfectly with Essar’s broader vision of championing sustainable business solutions across sectors.”
With India’s transportation sector accounting for nearly 15% of the nation’s total carbon emissions, Blue Energy Motors’ LNG and electric trucks are expected to play a crucial role in advancing the country’s transition to sustainable freight.
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