Highlights:
- BluWheelz, a tech-enabled delivery startup focusing on electric vehicle (EV) logistics, has raised $1 million in a bridge funding round led by Venture Catalysts.
- Other key investors participating in the funding round include FAAD, LetsVenture, and Chakra Growth Fund.
- The funding aims to propel BluWheelz’s innovative logistics solutions across India, particularly expanding its exclusive electric vehicle fleet.
BluWheelz, a pioneering tech-enabled delivery startup specializing in electric vehicle (EV) logistics, has secured a substantial boost with a $1 million bridge funding round led by Venture Catalysts, alongside other key investors such as FAAD, LetsVenture, and Chakra Growth Fund.
With a vision to revolutionize logistics solutions across India, BluWheelz focuses on expanding its exclusive electric vehicle fleet, leveraging cutting-edge technology to deliver efficient and eco-friendly delivery services.
Operating in 18 cities, BluWheelz stands out in the dynamic EV market, offering comprehensive fleet solutions that include 2-wheelers, 3-wheelers, and 4-wheelers. The startup’s innovative approach aims to introduce 6-wheelers into its fleet, pioneering the concept of EV fleet-as-a-service in the country. With a fleet base exceeding 1,200 vehicles, BluWheelz caters to over 40 billable clients across various sectors.
CEO CP Sethi emphasizes the strategic significance of this funding round, stating, “With the successful completion of our latest funding round, Bluwheelz is poised to cement its dominance in the mid-mile EV segment.” He highlights the company’s commitment to expanding its electric fleet and driving the future of delivery through cleaner and smarter logistics solutions.
Founding member Sanjiv Gupta expresses his enthusiasm for BluWheelz’s trajectory, emphasizing the company’s dedication to redefining mobility and logistics through sustainability and innovation.
Dr. Apoorva Ranjan Sharma, Co-founder and Managing Director of Venture Catalysts, expresses his support for BluWheelz’s mission, praising its innovative approach and commitment to environmental responsibility.
BluWheelz’s strategic partnerships with leading vehicle manufacturers and alliances for charging and parking infrastructure further bolster its position in the burgeoning EV market in India. With the Indian EV market poised for exponential growth, BluWheelz’s expansion plans align perfectly with the nation’s shifting focus towards electric mobility, reflecting a promising future for sustainable logistics solutions.
