Mumbai/Pune: Blue Energy Motors, a zero-emission truck technology company headquartered in Pune, which recently launched India’s first heavy duty LNG truck, pioneering the green trucking revolution, has entered a strategic tie-up with FPT Industrial, the global powertrain brand of Iveco Group (MI: IVG). As part of the agreement, FPT is set to acquire a minority stake in the company. While the association is currently focusing on natural gas fuel applications, the two companies with strategic agreement in place will closely work on future technology deployments in the areas of electrification of heavy-duty trucks.
The strategic partnership with FPT Industrial will be a significant development for Blue Energy Motors, whose values are rooted in finding solutions to decarbonise the environment. The company, which launched India’s first Liquified Natural Gas (LNG) fuelled green truck at its recently inaugurated plant in Chakan, Pune on September 12, is pioneering the technology for alternative fuels. It has maintained that EVs will be one of the sustainable solutions towards reducing pollution caused by the commercial vehicle sector. With this partnership in place, Blue Energy Motors will be able to fulfil its target of decarbonising the heavy-transport sector in India, equipped with FPT’s technology and R&D development.
The market entry of Blue Energy Motors LNG-fuelled trucks started with the introduction of the 5528 4×2 truck by Mr Anirudh Bhuwalka, CEO of Blue Energy Motors in the presence of Mr Gerrit Marx, CEO of Iveco Group, Mr Sylvain Blaise, President of Iveco Group’s Powertrain Business Unit, and His
Excellency Mr Vincenzo de Luca, Ambassador of Italy to India on September 12. FPT Industrial, is already providing its LNG engines for the Blue Energy Motor’s trucks.
With this move, Blue Energy Motors will be able to bolster its position as a disruptor in the alternate energy fuelled vehicle space, pioneering green revolution in the Indian trucking sector. They will also be able to leverage FPT Industrial’s wide global network and automotive expertise to bring cuttingedge solutions for Indian customers while decarbonising the transport sector in the future.
Speaking about this, Anirudh Bhuwalka, CEO of Blue Energy Motors, said, “This is a momentous milestone for Blue Energy Motors. Strengthening our partnership with FPT Industrial will enable us to continue in the development of the company and to pioneer clean energy solutions including LNG &
Electric in the upcoming year. The investment demonstrates the full support of FPT Industrial to the growth of Blue Energy Motors in its ambitious plan to play a key role in India’s decarbonisation transition.”
“This development in our partnership is further evidence of FPT Industrial’s commitment to advancing innovative technologies for sustainable mobility. We aim to provide transport solutions that allow customers all over the world to run their businesses efficiently and profitably, while respecting the environment. We are happy and proud to be able to do this with our valued partner, Blue Energy Motors, in such an important country as India”, said Sylvain Blaise, President, Powertrain Business Unit, Iveco Group.
About Blue Energy Motors:
Blue Energy Motors, a zero-emission truck technology company is disrupting the heavy-duty trucking industry by creating a clean alternative to decarbonize the environment by providing an immediate solution and breaking the barriers of economic returns. It’s disruptive business model enables customers to integrate next-generation truck technology, LNG fuelling infrastructure and maintenance. By creating this ecosystem, Blue Energy Motors, its strategic business partners and suppliers are paving the way for zero-emission transportation and ushering in a green trucking revolution. Further information is available on the Company’s website www.blueenergymotors.com
About Iveco Group:
Iveco Group N.V. (MI: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in their specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets
heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advance powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs approximately 34,000 people around the world and has 28 manufacturing plants and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com
About FPT Industrial:
FPT Industrial is a brand of Iveco Group, dedicated to the design, production and sale of powertrains for on-road and off-road vehicles, as well as marine and power generation applications. The company employs more than 8,000 people, in 11 plants and 11 R&D centres. The FPT Industrial sales network consists of 73 dealerships and about 800 service centres in almost 100 countries. A wide product offering, including six engine ranges from 42 hp up to 1,006 hp, transmissions with maximum torque up to 500 Nm, front and rear axles from 2, 45 to 32 ton GAW (Gross Axle Weight). FPT Industrial offers the most complete line-up of natural gas engines on the market for industrial applications, with power that goes from 50 to 460 hp. This extensive offering and a strong focus on R&D activities make FPT Industrial a world leader in industrial powertrains. For more information, go to
For more details, please contact:
Prakhar Saxena, Chief Marketing Officer, Blue Energy Motors
+91 (77188) 30080