[Funding alert] Delivery Platform BluWheelz Secures $1 Mn Bridge Funding Round

Venture Catalysts financed a bridge fundraising round that brought in $1 million for BluWheelz, a technologically enabled delivery business. LetsVenture, FAAD, and Chakra Growth Fund were also involved in the round.

BluWheelz prioritises environmental effect while addressing the time and cost constraints faced by the rapid e-commerce sectors, etc, as reported by ET Auto.

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“In every venture I've embarked upon, from revolutionizing the beverage industry to elevating India's cargo airline sector, the constant has been a relentless pursuit of excellence and a transformative vision. Today, as Bluwheelz secures pivotal funding, we are on the cusp of seizing a greater share of the EV market,” Sanjiv Gupta, founder and Chairman of BluWheelz, said. 

The business states that it operates in more than 18 cities and has a fleet base of more than 1,200 vehicles.

Apoorva Ranjan Sharma, co-founder, and Managing Director of Venture Catalysts++, said, “We are delighted to support BluWheelz in its mission to redefine logistics through sustainable mobility solutions. Its innovative approach, combining cutting-edge technology with a commitment to environmental responsibility, aligns perfectly with our investment philosophy. BluWheelz's impressive growth trajectory, strategic partnerships, and visionary leadership position it as a frontrunner in the rapidly evolving EV market. We are confident in its ability to drive transformative change and look forward to being a part of its success story.”

About BluWheelz

With an exclusive EV fleet, BluWheelz is a forward-thinking, technologically advanced first-, mid-, and last-mile delivery company that helps the food tech, quick commerce, and e-commerce sectors overcome financial and schedule constraints while also having a beneficial environmental impact.

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