Pune-based Blue Energy Motors (BEM) has raised $30 million in fresh funding, led by Zerodha co-founder Nikhil Kamath and Omnitex Industries, to fuel its next phase of growth in LNG and electric truck development. Founded in 2020 by Anirudh Bhuwalka, the company has quickly emerged as a pioneer in sustainable freight mobility in India.

BEM specializes in eco-friendly LNG-powered trucks, which have already covered more than 50 million kilometers on Indian highways, offering a proven alternative to diesel-based transport. To date, the company has raised $50 million from marquee investors including Essar and FPT Industrial. Its fleet of over 1,000 LNG trucks is currently being used by major enterprises such as Flipkart and Reliance, highlighting strong industry adoption.

Looking ahead, BEM is betting big on electrification. The company is investing in a $400 million manufacturing facility in Maharashtra, with the ambitious goal of producing 30,000 EV trucks. This expansion directly aligns with the Indian government’s PM E-Drive scheme, designed to accelerate electric truck adoption and reduce carbon emissions in logistics.

With fresh capital, strong investor backing, and a clear sustainability vision, BEM is positioned to redefine the future of green transportation in India.