BluWheelz secures $1 million in bridge funding led by Venture Catalysts.
BluWheelz, a burgeoning force in India’s EV logistics domain, recently announced a significant milestone in its journey. The startup, dedicated to providing sustainable transportation solutions, has successfully secured $1 million in bridge funding, led by Venture Catalysts.
This substantial investment underscores the confidence investors have in BluWheelz’s innovative approach and its potential to revolutionise India’s logistics landscape. The funding will empower BluWheelz to accelerate its expansion plans, particularly into Tier II and III cities, where the demand for eco-friendly transport solutions is rapidly increasing.
CEO Chanpreet Singh Sethi expressed gratitude for the support and outlined the company’s vision to leverage this funding to scale its fleet to 3,000 EVs by the end of the year. With strategic partnerships already in place with leading leasing and charging infrastructure providers, BluWheelz is well-positioned to drive India towards a cleaner, greener future.
