Blue Energy Motors to transform 2 mn trucks into EVs

Blue Energy Motors, a Mumbai-based outfit, is set to disrupt the market for two million heavy-duty trucks running on diesel and petrol in the case of routes under 500 km by transforming them into electric.

- SURAJEET DAS GUPTA

The company, which has Essar, Iveco, and Nikhil Kamath as investors, has put together a two-pronged strategy to build the market, which includes creating its own small “battery-swapping stations” in Indian highways at a regular interval of 150 km to resolve the issue of range anxiety and the long wait at charging stations.

Secondly, it is offering, for the first time, customers “energy as a service”, under which a vehicle can be sold without the battery, sharply bringing down the gap between its upfront price and that of a diesel-powered truck. Instead, customers will pay for the new service, based on the operating cost per km.