Nawgati Secures $2.5 Million in Pre-Series A Funding for Fuel-Tech Expansion

Nawgati has successfully raised $2.5 million in a pre-series A funding round, led by Ajay Upadhyaya. Other contributors include Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and angel investors like Sanjay Sharma, Ashish Sharma, Prithvijit Roy, and Vivek Mathur.

Based in Noida, the company previously secured $1.67 million from MapmyIndia and additional investors.

The funding will facilitate Nawgati’s global expansion while also strengthening its presence throughout India, as stated in a press release.

Innovative Solutions at Nawgati

Founded in 2019 by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, Nawgati offers a fuel management app. This app assists both businesses and consumers in tracking fuel usage, locating nearby fuel stations, and managing fuel costs effectively. Furthermore, the platform features Aaveg, a dashboard for fuel stations to monitor operations in real-time.

Operational Oversight and Resource Management

The startup provides real-time oversight of essential station operations, which improves forecasting, resource allocation, congestion management, compliance enforcement, and strategic decision-making.

Future Plans for Nawgati

Nawgati intends to expand its fleet offering, which is already operational with Mahanagar Gas, to other prominent fuel companies. This advancement aligns with its mission to deliver innovative and connected solutions for fleet operators and fuel stations.