Nawgati Secures $2.5 Million in Pre-Series A Funding
Fuel-tech platform Nawgati has raised $2.5 million (approximately Rs 21 crore) in a pre-series A funding round led by renowned stock market investor Ajay Upadhyaya. The funding round also saw participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and prominent angel investors including Sanjay Sharma (former MD of Accenture), Ashish Sharma and Prithvijit Roy (founders of BRIDGEi2i), and Vivek Mathur (former Partner & COO of Elevation Capital).
The company is expanding its fleet offering, currently operational with Mahanagar Gas, to other fuel providers. This strategic move aims to enhance Nawgati’s presence in the fuel-tech sector.
Nawgati’s successful funding round underscores the growing interest in innovative fuel-tech solutions. The company’s expansion plans and investor backing position it for potential growth in the industry.
Source: The Economic Times
