Blue Energy Motors Raises $30 Mn to Develop EV & LNG Trucks

Blue Energy Motors (BEM), a startup building heavy-duty trucks, has secured US$30 million (≈ ₹264-₹265 crore) in its latest funding round led by Nikhil Kamath (Zerodha) and Omnitex Industries. This raises its total capital raised to about US$50 million. Business Standard+3ETAuto.com+3StartupNews.fyi+3 The fresh funds will be used to scale up production, fully utilise its annual manufacturing capacity of 10,000 trucks, enhance the development of both electric and LNG (liquefied natural gas) powered trucks, and expand the company’s footprint across India. ETAuto.com+2Tech in Asia+2 So far, BEM has sold about 1,000 LNG trucks that have run over 60 million kilometres, achieving a CO₂ emission reduction of over 15,000 tonnes. ETAuto.com+2Tech in Asia+2 The company is backing green mobility in commercial transport, pushing both LNG solutions in the nearer-term and EV trucks for certain segments (e.g. short-haul)