Blue Energy Motors plans to raise $100 million by January, says CEO

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This funding will support the manufacturing of both electric and LNG trucks.

If nothing is done, this number will more than double to 900 million within the next decade," Bhuwalka warned.

India, one of the world's largest greenhouse gas emitters, has set a target of net-zero carbon emissions by 2070, with the government pushing for cleaner fuel alternatives to help reduce emissions.

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Article Details

Category: BusinessFinance

Markets: IndiaItaly

Topics: Liquefied natural gas CEO Blue Energy Motors Fundings Fund raising

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 16:05:43 (19 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23569336

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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