Team StartupCity

• Blue Energy Motors secures $30 million from Nikhil Kamath and Omnitex Industries.
• Funds will expand manufacturing and accelerate electric and LNG truck production.
• The company aims to lead clean freight movement in India with scalable green technology.

Pune based heavy duty truck startup Blue Energy Motors has raised $30 million in fresh funding to scale its manufacturing capabilities and drive the adoption of clean mobility in India. The investment round saw participation from Nikhil Kamath, co-founder of Zerodha, and Omnitex Industries, a textile trading firm.

The company, backed by the Essar Group, currently operates a production facility with an annual capacity of 10,000 trucks. With this fresh capital, it plans to ramp up production and further develop its liquefied natural gas (LNG) and electric heavy duty truck models. So far, Blue Energy has sold around 1,000 trucks that have collectively clocked over 60 million kilometers on Indian roads.

Founder and Managing Director Anirudh Bhuwalka shared that this funding will help Blue Energy Motors fast track India’s transition toward clean and sustainable freight solutions. "We’re committed to creating scalable, commercially viable green mobility solutions. This investment helps us push ahead in leading India’s shift to zero-emission trucking", he said.

Investor Nikhil Kamath praised the startup’s practical approach. “The future of logistics lies in scalable, clean technology. Blue Energy doesn’t just chase disruption it delivers it quietly and effectively”, he noted.

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This fundraise comes at a time when the Indian government is pushing for commercial vehicle electrification through initiatives like the PM E-DRIVE Scheme, which allocates Rs 500 crore to support electric trucks.

With this round, Blue Energy Motors has raised a total of $50 million, reinforcing its position as a key player in the green logistics space.