Fuel-tech startup Nawgati has raised $2.5 million in a pre-Series A funding round. The round was led by Ajay Upadhyaya and saw participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and several angel investors including Sanjay Sharma, Ashish Sharma, Prithvijit Roy, and Vivek Mathur.
Continued Investor Confidence Backed by Previous Funding
This isn’t the company’s first successful funding round. Nawgati had earlier secured $1.67 million from MapmyIndia and other investors, highlighting growing confidence in its fuel-tech solutions.
Funding to Drive Global and Regional Expansion
According to Nawgati, the latest funds will be used to expand globally while also strengthening its footprint across India. The company aims to enhance its reach and improve service delivery in both domestic and international markets.
Smart Fuel Management for Consumers and Businesses
Founded in 2019 by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, Nawgati offers a fuel management app that helps users track fuel usage, locate nearby fuel stations, and potentially reduce fuel costs. The platform is designed to benefit both individual consumers and large businesses.
Real-Time Monitoring with Aaveg Dashboard
Nawgati also provides a dashboard named Aaveg, built for fuel station operators. This tool allows for real-time monitoring, enabling better forecasting, efficient resource use, reduced congestion, and smarter decision-making.
Scaling Solutions for Fleet Operators
Already working with Mahanagar Gas, Nawgati plans to expand its fleet management services to other major fuel companies. This move is part of its mission to deliver intelligent, connected solutions for both fleet operators and fuel stations.