Fuel-tech startup Nawgati raised $2.5 million in a pre-Series A round led by investor Ajay Upadhyaya. The company aims to expand its fleet solutions beyond Mahanagar Gas, scale globally, and enhance its Aaveg platform, which streamlines fuel station, fleet, and consumer operations.
Fuel-tech platform Nawgati has raised $2.5 million (about Rs 21 crore) in a pre-series A funding round led by ace stock market investor Ajay Upadhyaya . #Operation Sindoor India-Pakistan Clash Live Updates| Pak moving troops to border areas? All that’s happening Why India chose to abstain instead of 'No Vote' against IMF billion-dollar funding to Pakistan How Pak's jihadi general Munir became trapped in his own vice The round also saw participation from Deepak Bhagnani Family Office , MeitY Startup Hub, Aamara Capital, and prominent angels -- Sanjay Sharma (former MD, Accenture), Ashish Sharma and Prithvijit Roy (founders, BRIDGEi2i), and Vivek Mathur (former Partner & COO, Elevation Capital). The company is also expanding its fleet offering, currently operational with Mahanagar Gas , to other fuel providers, a company statement said.
"With this round, we are focused on deepening our presence in India and accelerating our entry into global markets.
Our goal remains to deliver real, measurable value to both businesses and end users as we scale our partnerships and technology offerings," Vaibhav Kaushik, CEO and cofounder of Nawgati, said.
Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Nawgati has developed solutions that connect fuel stations, fleet operators, and consumers on a single platform, Aaveg.
The platform enables better utilisation of fuel networks, streamlines refuelling operations, reduces wait times, and offers real-time visibility into fuel availability and fleet movement for the general public.
Tata Motors Passenger Vehicles is planning to invest Rs 37,500-40,000 crore over the next five years, up to FY31, as it targets a bigger production base, more models and annual sales of over 1.2 million units. ET also reported that the company wants revenue to cross Rs 6 lakh crore by FY31 with a 10 percent EBIT margin, with EVs and CNG models doing much of the heavy lifting. For buyers, the story is less about balance-sheet ambition and more about what kind of cars Tata wants to sell next.
Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
Toyota has started deliveries of the Urban Cruiser Ebella electric SUV in India, turning the model from launch headline into a real-world ownership story. The top-spec E3 is priced at Rs 23.60 lakh ex-showroom, while Toyota is also offering a Battery-as-a-Service route that lowers the entry price to Rs 15.25 lakh and charges Rs 4.99 per km for battery use. For EV buyers, this is the point where Toyota’s first mass-market electric SUV begins proving itself on the road.
