Blue Energy Motors (BEM), India’s leading manufacturer of LNG and electric heavy-duty trucks, has raised USD 30 million in fresh funding, bringing its total capital raised to USD 50 million.

Strategic investors Essar and FPT (Iveco Group) back the company’s vision for green mobility. The recent funding round included investments from Nikhil Kamath and Omnitex Industries. With a current manufacturing capacity of 10,000 trucks per year, BEM aims to unlock this fully, accelerate production, and expand development of LNG and electric trucks to scale its green footprint across India.

BEM leads in decarbonising India’s transport sector, responsible for nearly 15 percent of national carbon emissions. Having sold around 1,000 LNG trucks running with Fortune 500 companies, the vehicles have collectively covered over 60 million km, reducing CO2 emissions by more than 15,000 tonne. 

Anirudh Bhuwalka, Founder & MD, stated, “The fresh fund raise empowers Blue Energy Motors to accelerate India’s shift to clean, sustainable freight transportation... setting the stage for long-term value creation for our investors.”