BluWheelz seizes $1 million from Venture Catalysts in Bridge Funding round
Technology-driven delivery firm, BluWheelz has secured $1 million in a bridge funding round directed by Venture Catalysts. Also the funding round registers a participation from other prominent investors such as LetsVenture, Chakra Growth Fund & FAAD.
Established by Chanpreet Singh Sethi in 2023, BluWheelz spans its offerings across 18 cities with a fleet solution covering 2-wheelers, three-wheelers & 4-wheelers.
The innovative electric fleet provider, BluWheelz has being a forerunner of electrifying the transportation realm of India & fosters to underscore the risks such as prices & timelines for quick-commerce, e-commerce & food tech industries whereas keeping the environmental impact as a primary factor.
Within a short span of time, the company has accomplished a significant milestone such as expansion of fleet surpassing 1,200 vehicles, functionalities in more than 18 cities & a various customer base catering more than 40 billable users across diverse sectors.
Speaking to this achievement, Apoorva Ranjan Sharma, Co-Founder, & Managing Director of Venture Catalysts, expressed his enthusiasm on the significant investment by saying, “We are delighted to support BluWheelz in their mission to redefine logistics through sustainable mobility solutions. Their innovative approach, combining cutting-edge technology with a commitment to environmental responsibility, aligns perfectly with our investment philosophy”.
Similarly, Sanjiv Gupta, Founder & Chairman at BluWheelz, highlights the commitment of company towards the innovation & sustainability by expressing, “Today, as Bluwheelz secures pivotal funding, we are on the cusp of seizing a greater share of the EV market. This is more than an expansion; it’s a commitment to redefine mobility and logistics through sustainability and innovation.”
Likewise, CP Sethi, the CEO of BluWheelz underscores the future outlook of the company by saying, “With the successful completion of our latest funding round, Bluwheelz is poised to cement its dominance in the mid-mile EV segment. This is a strategic leap towards our goal of expanding our electric fleet with the introduction of cutting-edge 4-wheelers and 6-wheelers, in collaboration with leading OEMs”.
Established by Chanpreet Singh Sethi in 2023, BluWheelz spans its offerings across 18 cities with a fleet solution covering 2-wheelers, three-wheelers & 4-wheelers.
The innovative electric fleet provider, BluWheelz has being a forerunner of electrifying the transportation realm of India & fosters to underscore the risks such as prices & timelines for quick-commerce, e-commerce & food tech industries whereas keeping the environmental impact as a primary factor.
Within a short span of time, the company has accomplished a significant milestone such as expansion of fleet surpassing 1,200 vehicles, functionalities in more than 18 cities & a various customer base catering more than 40 billable users across diverse sectors.
Speaking to this achievement, Apoorva Ranjan Sharma, Co-Founder, & Managing Director of Venture Catalysts, expressed his enthusiasm on the significant investment by saying, “We are delighted to support BluWheelz in their mission to redefine logistics through sustainable mobility solutions. Their innovative approach, combining cutting-edge technology with a commitment to environmental responsibility, aligns perfectly with our investment philosophy”.
Similarly, Sanjiv Gupta, Founder & Chairman at BluWheelz, highlights the commitment of company towards the innovation & sustainability by expressing, “Today, as Bluwheelz secures pivotal funding, we are on the cusp of seizing a greater share of the EV market. This is more than an expansion; it’s a commitment to redefine mobility and logistics through sustainability and innovation.”
Likewise, CP Sethi, the CEO of BluWheelz underscores the future outlook of the company by saying, “With the successful completion of our latest funding round, Bluwheelz is poised to cement its dominance in the mid-mile EV segment. This is a strategic leap towards our goal of expanding our electric fleet with the introduction of cutting-edge 4-wheelers and 6-wheelers, in collaboration with leading OEMs”.
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