BluWheelz to invest $15 million in a year to deploy 10,000 EVs

Electric vehicle fleet provider BluWheelz said it plans to invest up to USD 15 million (about Rs 120 crore) in one year to deploy around 10,000 electric two-wheelers and three-wheelers for last-mile delivery. The company, which launched its EV fleet as a service (EFaS) operations on Tuesday, will initially own the fleet vehicles and provide services to e-commerce, e-grocery, FMCG, logistics, and D2C (direct-to-consumer) companies.
It will also hire around 11,000 people, mostly as delivery partners, BluWheelz Founder Chanpreet Sethi said.
“We’d be putting EVs as a fleet wherein we own the vehicle, we have the riders on our payroll, we have the charging companies on an integration pay as you go model, as well as the maintenance and financial companies on our backing,” he said.