Blue Energy Motors looks to raise USD100m in funding to aid entry into the heavy-duty e-truck market in India
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By RACE Innovations Pvt Ltd - 13th June 2024
India – Blue Energy Commercial Vehicles Pvt Ltd* (Blue Energy Motors) has announced plans to raise USD100 million in private funding to support its plan to enter the electric heavy duty truck (HDT) market. The fundraising is expected to be completed within the next three to six months.
About a year ago in 2023, Blue Energy Motors raised approximately USD10 million in its previous capital funding round with notable investor being FPT Industrial, a division of the Iveco Group, that also supplies the engines for Blue Energy Motors' LNG trucks.
