FPT Industrial, the global powertrain brand of Iveco Group has announced it is taking a minority stake in Blue Energy Commercial Vehicles, a zero-emission truck technology company headquartered in Pune, India, The company manufactures clean energy trucks under its brand Blue Energy Motors.
This follows the agreement announced in July for the supply of 2022. At the beginning of September, Blue Energy Motors officially inaugurated its assembly plant in Chakan, Pune, India, and unveiled its first fully manufactured vehicles.
The investment further 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. Although currently focused on Natural Gas fuel applications, the collaboration also foresees the possibility of future technology deployments in the area of electrification.
“This development in our partnership is further evidence of FPT Industrial’s commitment to advancing innovative technologies for sustainable mobility,” said Sylvain Blaise, President, Powertrain Business Unit, Iveco Group. ”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.”
“Strengthening our partnership with FPT Industrial will enable us to continue in the development of the company and to pioneer new powertrain solutions together to embrace the energy transition path – the common goal of both our companies,” added Anirudh Bhuwalka, CEO Blue Energy Motors.