Fuel tech startup Nawgati raises $2.5 Mn in pre-Series A round

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Fuel tech startup Nawgati raises $2.5 Mn in pre-Series A round Fuel-tech platform Nawgati has raised $2.5 million in pre-series A funding round led by Ajay Upadhyaya along with participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and other angels including Sanjay Sharma, Ashish Sharma, Prithvijit Roy, and Vivek Mathur. The Noida-based company had previously raised $1.67 million from MapmyIndia and others. The proceeds will be used for global expansion and strengthen its regional presence across India, Nawgati said in a press release. Co-founded in 2019 by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, Nawgati’s core offering is a fuel management app that helps businesses and consumers track fuel usage, find the nearest fuel stations, and potentially manage fuel costs. It also provides a dashboard, Aaveg, for fuel stations to monitor their operations in real-time. Additionally, the startup enables real-time oversight of critical station operations, allowing for better forecasting, smarter resource allocation, congestion management, powerful compliance enforcement, and strategic decision-making on the go. Nawgati plans to scale its fleet offering, which is already live with Mahanagar Gas, to other major fuel companies, advancing its aim to deliver smarter, more connected solutions for fleet operators and fuel stations.