Mumbai, Sept. 18 -- Blue Energy Motors, a leading manufacturer of LNG (Liquefied Natural Gas) and electric heavy-duty trucks in India, has secured an additional USD 30 million in funding. This latest round brings the company's total capital raised to USD 50 million. The new investment comes from entrepreneur and investor Nikhil Kamath and Omnitex Industries.

The fresh capital will be used to unlock the company's full manufacturing capacity of 10,000 trucks per year. The funds will also help Blue Energy Motors accelerate production, expand its line of LNG and electric heavy-duty trucks and increase its presence across India. The company is already a key player in decarbonising India's transportation sector, which accounts for nearly 15 pe...