Blue Energy Motors secures funding from FPT Industrial

Blue Energy Motors has secured funding from FPT Industrial, which has acquired a minority stake in the Pune-based zero-emission truck technology start-up. 

A part of the Italian automotive and financial services firm Iveco Group, FPT Industrial will help in bolstering the LNG trucks’ application and jointly developing the next-generation heavy-duty Electric (BEV) Truck platform for the Indian market.

With this partnership, Blue Energy Motors will be able to further strengthen its mission to decarbonise the transport sector in India, by jointly developing a heavy-duty Electric (BEV) Truck with FPT Industrial.