Fueltech startup Nawgati has secured $2.5 million in a pre-Series A funding round. Ajay Upadhyaya led the investment, with key contributions from Deepak Bhagnani Family Office, MeitY Startup Hub, and Aamara Capital. Several prominent angels also backed the round, including Sanjay Sharma, former MD at Accenture; Ashish Sharma and Prithvijit Roy, founders of BRIDGEi2i; and Vivek Mathur, former Partner and COO at Elevation Capital.
Nawgati plans to deploy the fresh capital for aggressive international and domestic expansion. The startup also intends to enhance its fleet solutions, currently operational with Mahanagar Gas, by onboarding additional major fuel companies across India.
Founded with the goal of reshaping the fuel and mobility ecosystem, Nawgati positions itself as a bridge between fuel stations, fleet operators, and consumers. The company’s flagship platform, Aaveg, uses real-time data, IoT-enabled integrations, and smart analytics to optimize fuel station operations and reduce wait times. Nawgati has already built a strong presence in India’s rapidly growing fuel-tech sector by streamlining operations and offering a digital-first approach to mobility challenges.
A Growing Market Opportunity
India’s fuel consumption continues to rise, with demand for fuel-efficient, transparent, and customer-friendly services increasing across both metro and non-metro cities. Nawgati identified this gap early and built Aaveg to tackle inefficiencies in fuel dispensing, long queues, and lack of coordination among stakeholders.
Fleet operators, in particular, have welcomed Nawgati’s offerings, which include features such as route mapping, fuel station availability tracking, and analytics-based fuel purchase planning. Mahanagar Gas became one of the early adopters of Nawgati’s fleet solution. The partnership demonstrated how digitization could eliminate operational bottlenecks while improving turnaround time at fuel stations.
Now, with new funding, Nawgati is actively onboarding more fleet operators and expanding its platform’s capabilities to support a wider range of fuel companies, including public and private sector players.
Backers Show Confidence in Nawgati’s Vision
Ajay Upadhyaya, who spearheaded the funding round, cited Nawgati’s razor-sharp focus and scalable tech as key drivers of his investment decision. He praised the team’s strong execution and their deep understanding of the mobility ecosystem. Deepak Bhagnani’s Family Office and Aamara Capital echoed similar sentiments, pointing to Nawgati’s potential to lead digital innovation in the energy and fueltech sector.
Sanjay Sharma, an angel investor and seasoned industry leader, emphasized the value Nawgati brings to India’s legacy fuel infrastructure. Ashish Sharma and Prithvijit Roy highlighted the importance of data intelligence in Nawgati’s platform, noting that Aaveg can evolve into a key enabler for smart city and fleet operations. Vivek Mathur also commended the company’s strategic vision and user-centric product development roadmap.
Strategic Use of Funds
Nawgati will use the newly raised funds to accelerate product development, scale its tech infrastructure, and strengthen its operational footprint across new geographies. The company will also invest in talent acquisition, especially in engineering, product management, and sales. Nawgati aims to launch localized versions of Aaveg to cater to international markets in Southeast Asia, the Middle East, and Africa.
Domestically, Nawgati plans to deepen its presence in tier 2 and tier 3 cities where digitization of fuel stations remains low. The startup has already begun collaborating with government agencies and oil marketing companies (OMCs) to modernize fuel retail experiences across India.
The company also intends to invest in AI-driven analytics for its Aaveg platform. These upgrades will provide better demand forecasting, fuel price optimization tools, and consumer behavior insights. The objective is to drive value for fuel station operators, fleet managers, and end consumers through real-time intelligence.
Differentiated Offerings in a Competitive Market
Unlike traditional fuel-tech companies that operate as fuel aggregators or payment platforms, Nawgati delivers a full-stack solution for the fuel and mobility ecosystem. Aaveg integrates IoT sensors, digital queue management systems, real-time mapping, and AI-based route optimization. This comprehensive approach allows Nawgati to deliver measurable efficiency improvements and cost savings for all parties involved.
Fleet managers can access centralized dashboards, monitor vehicle fuel history, and make data-backed decisions to optimize routes. Fuel station operators, on the other hand, use Aaveg to monitor congestion levels, reduce idle time, and attract more customers by improving service time and availability metrics.
Consumers benefit from accurate wait-time predictions, fuel price visibility, and seamless navigation to the nearest available station. Nawgati’s real-time data sharing improves transparency across the board and builds trust among stakeholders.
Vision for the Future
Nawgati envisions a world where fuel stations function as dynamic mobility hubs rather than static refueling points. With the growing penetration of EVs and alternative fuels, Nawgati plans to diversify its offerings beyond traditional fuels. The company is actively developing modules that will integrate EV charging, carbon tracking, and green fuel mapping within Aaveg.
The startup also plans to collaborate with automotive OEMs, telematics providers, and smart infrastructure players to create an ecosystem of connected mobility. These strategic alliances will unlock new revenue streams and position Nawgati as a key player in India’s clean energy and smart transport transition.
Government and Industry Recognition
The MeitY Startup Hub’s participation in this round also signals strong government support for Nawgati’s innovations. The Ministry of Electronics and Information Technology (MeitY) has been actively promoting deep-tech startups with scalable impact in sectors like energy, transportation, and urban infrastructure. Nawgati’s inclusion reflects its alignment with national goals for digital transformation and sustainable development.
In addition, Nawgati has participated in various industry accelerator programs and has received awards for innovation in mobility and digital services. The startup’s collaborations with public sector units and urban planning departments underscore its credibility and strategic alignment with larger infrastructure goals.
Conclusion
Nawgati has demonstrated strong product-market fit and operational execution in a sector ripe for disruption. With $2.5 million in new funding, the company now stands at a pivotal juncture. Its plans for global expansion, fleet solution scale-up, and AI-powered product development position it as a major contender in the future of fuel and mobility technology.
By focusing on efficiency, transparency, and innovation, Nawgati continues to redefine the fuel retail experience. As the company expands its footprint, its integrated platform promises to unlock value for millions of drivers, station operators, and fleet managers worldwide. The next few years could see Nawgati emerge not just as a national success story but as a global tech leader in the evolving energy landscape.