Ratan Tata-backed fuel-delivery firm registers 150 startups in one month
PUNE: City-based Repos Energy has registered 150 fuel startups across the country in less than a month.
This is part of its latest programme to nurture startups that would door deliver fuel to different establishments. Some of these startups are, Easy Diesel from Pune, Nuvera Energy from Mumbai, Auro Fuels from Bengaluru, AMA Fuels from Kolkata, Echological Fuels from Guwahati and Future Fuel Services from Mirzapur, among others.
The company, which raised an undisclosed amount from industrialist Ratan Tata, said that it now aims to raise its Series A funding. Under the programme, the company will provide Repos Mobile Petrol Pumps (RMPPs) to these startups along with the complete infrastructure, which is pegged to garner over Rs9,000 crore in investments.
Repos Energy co-founder Chetan Waluj said that the tie-up with the startups will be on a revenue-sharing basis.
“Right from the time of enrolment, Repos will provide these new startups with end-to-end solutions for buying the mobile petrol pumps and the know-how. These startups will be registered with us and feature on our app,” Waluj said.
“We will also provide them with the necessary infrastructure. This will include a back-end team to build their entire brand identity. We will make sure that they become successful,” Waluj added.
Co-founder Aditi Waluj said the RMPPs were being designed at their IoT facility in Chakan and comply with the Petroleum and Explosives Safety Organisation norms.
During the lockdown, the company ended up selling 35-40% more than in pre-Covid days.
The daily average sales through its platform total 5 lakh litres.
Accoring to its official website, Repos was established with the aim of “delivering diesel at the doorstep to all those who find it difficult to procure diesel from the retail outlet”.