Venture Catalysts leads $1 mn funding round for Bluwheelz
Venture Catalysts, India’s premier integrated incubator and a leader in earlystage investments has joined the USD1 million bridge funding initiative round for Bluwheelz, a tech-enabled delivery company revolutionising logistics with an exclusive electric vehicle (EV) fleet. The round also saw participation from esteemed investors including FAAD, Letsventure, and Chakra Growth Fund. As the Indian EV market continues to flourish, projected to capture over 40 per cent of the automotive market and generate more than USD100 billion in revenue by 2030, Bluwheelz is positioning itself to lead this transformation.
Focused on addressing cost and timeline challenges for e-commerce, quick commerce and food tech industries and environmental impact, Bluwheelz operates in 18 cities with a comprehensive fleet solution covering 2-wheelers, 3-wheelers, and 4-wheelers and has plans to integrate 6-wheelers, pioneering EV fleet as a service in the country. Sanjiv Gupta,
Founder and Chairman of Bluwheelz highlights strong partnerships with top vehicle OEMS like Eicher-volvo and Tata Motors, innovative low-cost, high-impact franchise model, comprehensive technology integration and alliances for charging and parking infrastructure to operational efficiency, costeffectiveness, and sustainability.
“With the successful completion of our latest funding round, Bluwheelz is poised to cement its dominance in the mid-mile EV segment. This is a strategic leap towards our goal of expanding our electric fleet with the introduction of cutting-edge 4-wheelers and 6-wheelers, in collaboration with leading OEMS,” says Gupta.apoorva Ranjan Sharma, Co-founder, and Managing Director of Venture Catalysts credits the support to Bluwheelz due to their innovative approach, combining cutting-edge technology and impressive growth.since its establishment in January 2023, Bluwheelz has achieved fleet expansion exceeding 1,200 vehicles, operations in over 18 cities, and a diverse customer base serving over 40 billable clients.