Blue Energy Motors (BEM), India’s leading manufacturer of LNG and electric heavy-duty trucks, has secured fresh funding, bringing its total capital raised to $50 million, the company announced on Thursday. Essar and FPT (Iveco Group) back BEM’s green mobility vision, serving as strategic investors and technology partners.

“In the latest funding round, Blue Energy Motors raised an additional $30 million from Nikhil Kamath and Omnitex Industries,” the company said in a statement.

BEM currently has a manufacturing capacity of 10,000 trucks per year. The new funding will be used to fully unlock this capacity, accelerate production, expand LNG and electric vehicle (EV) heavy-duty truck development, and scale the company’s green mobility footprint across India.

“The company is at the forefront of decarbonising India’s transportation sector, which contributes nearly 15 per cent of the country’s total carbon emissions,” the statement noted.

As India’s largest manufacturer of LNG trucks, BEM has sold around 1,000 vehicles, now operating successfully with leading Fortune 500 companies. Collectively, these trucks have travelled more than 60 million kilometres, reducing carbon emissions by over 15,000 tonnes of CO2 to date.

Commenting on the fund raise, Anirudh Bhuwalka, founder and managing director of Blue Energy Motors, said, “This fresh fund raise empowers Blue Energy Motors to accelerate India’s shift to clean, sustainable freight transportation. By harnessing both LNG and electric truck technologies, we are leading India’s transformation toward zero-emission freight. Our commitment to scalable, commercially viable solutions positions us at the forefront of the green mobility revolution and lays the foundation for long-term value creation for our investors.”

Investor Nikhil Kamath added, “The future of logistics in India will be built on clean, scalable technology. The real opportunity lies in solutions that quietly and efficiently deliver disruption at scale. Blue Energy has done this exceptionally well.”

Anshuman Ruia, Director at Essar, said, “Our continued investment underscores our confidence in Blue Energy Motors and its innovative approach to decarbonising heavy-duty transportation. This aligns with Essar’s broader vision of championing sustainable business solutions across sectors.”