Blue Energy Motors (BEM) raises $30M to boost LNG and EV truck development and expand in India

Blue Energy Motors (BEM) raised $30M led by Nikhil Kamath and Omnitex to scale LNG and EV trucks in India. Founded in 2020 by Anirudh Bhuwalka, BEM has logged 50M+ km on highways and raised $50M total from backers like Essar. It sold 1,000 LNG trucks to Flipkart, Reliance, and others. A $400M Maharashtra plant targets 30,000 EV trucks, supporting the government’s PM E-Drive scheme.