BluWheelz, a company providing tech-enabled logistics solutions for mid and last-mile delivery, has secured USD 1 million in bridge funding, led by Venture Catalysts. Other investors include FAAD, LetsVenture, and Chakra Growth Fund.
Covering operations in 18 cities, BluWheelz offers a wide range of vehicle options, including 2-wheelers, 3-wheelers, and 4-wheelers. The company aims to set itself apart by incorporating 6-wheelers into its fleet, pioneering electric vehicle (EV) fleet services in the country.
Apoorva Ranjan Sharma, Co-founder, and Managing Director of Venture Catalysts, expressed confidence in BluWheelz’s innovative approach and commitment to environmental sustainability, stating that the company’s growth trajectory and strategic partnerships position it as a leader in the evolving EV market.
Sanjiv Gupta, Founder and Chairman of BluWheelz, sees the funding as a significant step towards capturing a larger market share in the EV sector.
CP Sethi, CEO of BluWheelz, highlighted the company’s plans to expand its electric fleet by introducing advanced 4-wheelers and 6-wheelers in collaboration with prominent original equipment manufacturers (OEMs).
In addition to partnerships with OEMs like Eicher Volvo and Tata Motors, BluWheelz utilizes a cost-effective franchise model, integrates technology, and forms strategic alliances for charging and parking infrastructure.
