Venture Catalysts takes part in USD 1mn bridge funding round for BluWheelz

Online Bureau Online Bureau | 04-22 16:20

These initiatives underscore BluWheelz's commitment to operational efficiency, cost-effectiveness, and sustainability, the release added.
New Delhi: Venture Catalysts, an integrated incubator and a leader in early-stage investments, is participating in the USD 1 million bridge funding round for BluWheelz, a tech-enabled delivery company with an exclusive electric vehicle (EV) fleet. The round also had participation from investors including FAAD, LetsVenture, and Chakra Growth Fund.

BluWheelz addresses cost and timeline challenges for e-commerce, quick commerce, and food tech industries while prioritizing environmental impact. Operating in 18 cities with a comprehensive fleet solution covering 2-wheelers, 3-wheelers, and 4-wheelers, BluWheelz distinguishes itself from competitors with plans to integrate 6-wheelers, and to pioneer EV fleet as a service in the country, the company said in a media release.

Apoorva Ranjan Sharma, co-founder, and Managing Director of Venture Catalysts++, said, “We are delighted to support BluWheelz in its mission to redefine logistics through sustainable mobility solutions. Its innovative approach, combining cutting-edge technology with a commitment to environmental responsibility, aligns perfectly with our investment philosophy. BluWheelz's impressive growth trajectory, strategic partnerships, and visionary leadership position it as a frontrunner in the rapidly evolving EV market. We are confident in its ability to drive transformative change and look forward to being a part of its success story.”

“In every venture I've embarked upon, from revolutionizing the beverage industry to elevating India's cargo airline sector, the constant has been a relentless pursuit of excellence and a transformative vision. Today, as Bluwheelz secures pivotal funding, we are on the cusp of seizing a greater share of the EV market,” Sanjiv Gupta, founder and Chairman of BluWheelz, said. “This is more than an expansion; it's a commitment to redefine mobility and logistics through sustainability and innovation. We stand at the forefront, ready to steer the electric revolution in logistics, building not just a company, but an ecosystem that propels us towards a future where progress and the planet move forward together.”

BluWheelz's success is driven by its differentiated strategies, including strong partnerships with top vehicle OEMs like Eicher-Volvo and Tata Motors, an innovative low-cost, high-impact franchise model, comprehensive technology integration, and strategic alliances for charging and parking infrastructure. These initiatives underscore BluWheelz's commitment to operational efficiency, cost-effectiveness, and sustainability, the release added.



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