EV fleet startup BluWheelz raises $500K to invest in advanced technology

The funding will be utilised to expand into other regions across the country over the next six months, invest in advanced technology and innovations, and enhance its service offerings, said Bluwheelz

Bluwheelz, an emerging electric vehicle (EV) fleet-as-a-service company, has received a seed cheque of $500,000 from Faad Network, a prominent Indian early-stage fund.

Also, LetsVenture, along with High-Net-Worth Individuals (HNIs), a notable family office, and key angel investors from both India and the United States, participated in the round.

The funding will be utilised to expand into other regions across the country over the next six months, invest in advanced technology and innovations, and enhance its service offerings, said Bluwheelz.

Bluwheelz, a provider of EV Fleet as a Service in India, was founded in 2022. Including e-commerce, logistics, FMCG, food delivery, pharma, etc., it caters to clients across various sectors.

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