Blue Energy Motors raises $30 million to fund EV drive
Essar and Iveco Group-backed Blue Energy Motors has raised $30 million (Rs 265 crore) from a clutch of investors including Zerodha co-founder Nikhil Kamath as it looks to foray into the electric truck market.
While Kamath has invested $10 million, the balance has come from Omnitex Industries. This has brought the total capital raised by Blue Energy to $50 million.
