BluWheelz, a tech-enabled mid and last-mile logistics solutions company, has secured USD 1 million in bridge funding led by Venture Catalysts, with participation from FAAD, LetsVenture, and Chakra Growth Fund.
Operating in 18 cities with a comprehensive fleet solution covering 2-wheelers, 3-wheelers, and 4-wheelers, BluWheelz distinguishes itself from competitors with plans to integrate 6-wheelers, pioneering EV fleet as a service in the country, the company said in a press release.
Apoorva Ranjan Sharma, Co-founder, and Managing Director of Venture Catalysts stated, "BluWheelz' innovative approach, combining cutting-edge technology with a commitment to environmental responsibility, aligns perfectly with our investment philosophy. BluWheelz's impressive growth trajectory, strategic partnerships, and visionary leadership position them as frontrunners in the rapidly evolving EV market."
Sanjiv Gupta, Founder and Chairman of BluWheelz said, "Today, as Bluwheelz secures pivotal funding, we are on the cusp of seizing a greater share of the EV market."
"This is a strategic leap towards our goal of expanding our electric fleet with the introduction of cutting-edge 4-wheelers and 6-wheelers, in collaboration with leading OEMs," said CP Sethi, CEO, BluWheelz.
Besides partnerships with OEMs such as Eicher Volvo and Tata Motors, BluWheelz has a low-cost, high-impact franchise model, technology integration, and strategic alliances for charging and parking infrastructure.