Introduction
India’s freight and logistics sector is the backbone of the economy, moving ~70% of goods across the country. Yet, heavy-duty diesel trucks, though just ~5% of total vehicles, contribute nearly 40% of transport-related CO₂ emissions. This imbalance makes freight a top priority in India’s decarbonization roadmap.
Blue Energy Motors Limited (BEM) has entered this landscape with a disruptive approach: LNG-powered trucks. These provide an immediate, lower-emission solution for long-haul freight, cutting CO₂ by ~30% while eliminating sulphur oxides and particulate emissions. At the same time, the company is investing in EV truck manufacturing, ensuring it stays aligned with the long-term vision of zero-emission transport.
About the Company
Founded in 2020, Blue Energy Motors Limited is headquartered in Pune, Maharashtra.
- Founder & Leadership: Led by Anirudh Bhuwalka (former MD, Asia Motor Works).
- Manufacturing Capacity: Chakan (Pune) plant with a capacity of 10,000 trucks annually.
- Strategy: LNG today, EV tomorrow, a technology-agnostic platform adaptable to LNG, EV, and hydrogen.
- Milestones:
- 2022: Launched India’s first LNG-powered heavy truck.
- 2024: Reached 500+ LNG trucks deployed; crossed 60 million km cumulative operations.
- 2025: Announced ₹3,500 Cr investment in an EV truck manufacturing facility in Maharashtra.
Revenue Trend for Last 3 Years
| Fiscal Year | Revenue (₹ Cr) |
| 2022 | 0.07 |
| 2023 | 27.22 |
| 2024 | 154.42 |
Insight: From almost negligible revenue in FY2022, BEM scaled rapidly to ₹154.42 Cr in FY2024, reflecting strong adoption of LNG trucks.
Funding Rounds & Valuations
| Deal Date | Round Name | Deal Size | Valuation | Key Investors |
| Jun 2025 | Funding | ₹256.2 Cr | ₹3,684.3 Cr | Omnitex Industries, NKSquared (Nikhil Kamath Family Office) |
| Dec 2023 | Funding | ₹8.5 Cr | ₹2,053.5 Cr | Prajakta Estate Pvt Ltd |
| Dec 2022 | Funding | ₹82.4 Cr | ₹1,935.3 Cr | FPT Industrial S.p.A. |
| Sep 2022 | Funding | ₹25.0 Cr | ₹75.0 Cr | Green Growth Trust |
| Feb 2021 | Funding | ₹50.0 Cr | ₹50.0 Cr | Blue Energy Motor Corp Pte Ltd |
What Blue Energy Builds
| Product/Service | Details |
| BE5528+ LNG Truck | 280 hp, 1000 Nm torque, 990 L cryogenic tank, up to 1,400 km range. Cuts CO₂ by ~30%, near-zero SOx/PM emissions. |
| Customer Base | Deployed with Flipkart, Reliance, JSW Steel, Tata Steel, Hindustan Zinc, Nestlé, and others. |
| EV Trucks (Upcoming) | Short-haul electric heavy trucks targeted for FY2025–26 launch. The facility was announced with a capacity of 30,000 trucks annually. |
| Sustainability Impact | BEM’s LNG fleet has already eliminated 15,000+ tonnes of CO₂, with cost savings of up to 40% vs diesel in some routes. |
Conclusion
Blue Energy Motors is not just adapting to the clean mobility shift; it is driving it. By proving that LNG trucks can deliver measurable emission reductions today, the company has built credibility as a solutions-first innovator. With a ₹3,500 Cr EV manufacturing facility in the pipeline and a trusted investor base backing its vision, BEM is preparing to scale for tomorrow’s zero-emission freight market. Positioned at the intersection of sustainability, technology, and scale, Blue Energy Motors is shaping the roadmap for India’s green freight revolution.
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