As part of the agreement, FPT Industrial, the global Powertrain brand of Iveco Group, has acquired a minority stake in the company Blue Energy Motors, a zero-emission truck technology start-up, headquartered in Pune.
FPT Industrial will be instrumental in strengthening the LNG trucks’ application and jointly developing the next-generation heavy-duty Electric (BEV) Truck platform for the Indian market.
With this partnership, Blue Energy Motors will be able to further strengthen its mission to decarbonise the transport sector in India, by jointly developing a heavy-duty Electric (BEV) Truck with FPT Industrial.
As per Anirudh Bhuwalka, CEO, Blue Energy Motors, this is a significant milestone for Blue Energy Motors. Strengthening its partnership with FPT Industrial will enable them to continue in the development of the company into a pioneer of clean and green energy solutions including a range of LNG and electric vehicles in the upcoming years. The investment demonstrates the full support of FPT Industrial in the growth of Blue Energy Motors and its ambitious plans to play a key role in India’s march towards decarbonising of the transport sector.
FPT Industrial aims to provide transport solutions that allow customers from all over the world to run their businesses efficiently and profitably while respecting the environment. FPT Industrial is proud to be able to do this with its valued partner, Blue Energy Motors, in such an important country as India, shares Sylvain Blaise, President of the Powertrain Business Unit, Iveco Group.
The market entry of Blue Energy Motors LNG-fuelled trucks started with the inauguration of the smart factory at Chakan, Pune by Shri Nitin Gadkari, Honourable Union Minister, MoRTH, and the subsequent launch of the 5528 4×2 truck by Anirudh Bhuwalka, CEO of Blue Energy Motors in the presence of Gerrit Marx, CEO, Iveco Group, Sylvain Blaise, President, Iveco Group’s Powertrain Business Unit, and His Excellency Vincenzo de Luca, Ambassador of Italy to India in September 2022.