LNG-fuelled trucks maker Blue Energy Motors raises $30-M

Pune-based Blue Energy Motors (BEM) has raised USD 30 million from Zerodha founder Nikhil Kamath and Omnitel Industries. The latest investment takes the company’s total capital raised to USD 50 million.Founded in 2020 by Anirudh Bhuwalka, Blue Energy Motors manufactures LNG-powered and electric heavy-duty trucks. It is backed by Essar and FPT (part of Italy headquartered Iveco Group).