By Bl New Delhi
Copyright thehindubusinessline
Blue Energy Motors (BEM) said on Thursday that it has raised $30 million from Nikhil Kamath and Omnitel Industries, which brings its total capital raised so far to $50 million.
The company manufactures LNG-powered and electric heavy-duty trucks. Its vision for green mobility is backed by Essar and FPT (Iveco Group), serving as both a strategic investor and technology partner.
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.
The company is at the forefront of decarbonising India’s transportation sector, which contributes nearly 15 per cent of the country’s total carbon emissions.
As India’s largest manufacturer of LNG trucks, the company has sold around 1,000 vehicles that are running successfully with leading Fortune 500 companies. These trucks have collectively travelled more than 60 million km, reducing carbon emissions by over 15,000 tonnes (CO2) to date.
On a green mission
Commenting on the fund raise, Anirudh Bhuwalka, Founder and 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 forefront 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 decarbonising heavy-duty transportation. This aligns perfectly with Essar’s broader vision of championing sustainable business solutions across sectors.”
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Published on September 18, 2025
