BluWheelz Raises USD 1 Million To Drive Expansion In EV Market
New Delhi: Venture Catalysts, a leading early-stage investor and integrated incubator, is joining the USD 1 million bridge funding round for BluWheelz, a tech-driven delivery firm boasting an exclusive fleet of electric vehicles (EVs).
Other investors such as FAAD, LetsVenture, and Chakra Growth Fund are also participating in this round.
BluWheelz tackles cost and time constraints within e-commerce, rapid commerce, and food tech sectors while placing a strong emphasis on environmental sustainability.
Presently operational in 18 cities, BluWheelz offers a comprehensive fleet solution encompassing 2-wheelers, 3-wheelers, and 4-wheelers. Setting itself apart from competitors, BluWheelz aims to introduce 6-wheelers and spearhead EV fleet-as-a-service initiatives in the nation, as stated in a recent media release by the company.
“We are delighted to support BluWheelz in its mission to redefine logistics through sustainable mobility solutions. Its 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 it as a frontrunner in the rapidly evolving EV market. We are confident in its ability to drive transformative change and look forward to being a part of its success story.”
Apoorva Ranjan Sharma, co-founder, and Managing Director of Venture Catalysts++, said.
“In every venture I’ve embarked upon, from revolutionizing the beverage industry to elevating India’s cargo airline sector, the constant has been a relentless pursuit of excellence and a transformative vision. Today, as Bluwheelz secures pivotal funding, we are on the cusp of seizing a greater share of the EV market,” and “This is more than an expansion; it’s a commitment to redefine mobility and logistics through sustainability and innovation. We stand at the forefront, ready to steer the electric revolution in logistics, building not just a company, but an ecosystem that propels us towards a future where progress and the planet move forward together.”
Sanjiv Gupta, founder and Chairman of BluWheelz, said.
BluWheelz’s success is fueled by its unique approaches, which include strong alliances for parking and charging infrastructure, an inventive low-cost, high-impact franchise model, strong partnerships with leading automakers like Eicher-Volvo and Tata Motors, and comprehensive technology integration.
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The announcement also stated that BluWheelz’s commitment to cost-effectiveness, sustainability, and operational efficiency is demonstrated by these activities.
