Fuel-tech innovator Nawgati has raised $2.5 million in its Pre-Series A funding round, a significant milestone that strengthens its mission to transform fuel operations globally. The round was led by Ajay Upadhyaya, a renowned stock market investor, and saw participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and prominent angel investors including Sanjay Sharma (former MD, Accenture), Ashish Sharma and Prithvijit Roy (founders, BRIDGEi2i), and Vivek Mathur (former Partner & COO, Elevation Capital).
This latest round of funding will enable Nawgati to accelerate its global expansion, bolster its regional presence across India, and scale its fleet offering, which is already operational with Mahanagar Gas, to other major fuel companies.
“We are grateful to have the backing of such a distinguished group of investors who share our belief in transforming how fuel operations are managed and experienced,” said Vaibhav Kaushik, CEO and Co-founder of Nawgati. “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.”
Founded with a vision to revolutionize the energy and mobility space, Nawgati’s flagship platform, Aaveg, connects fuel stations, fleet operators, and consumers on a single, unified interface. The technology enables better utilization of fuel networks, streamlines refueling operations, reduces wait times, and provides real-time visibility into fuel availability and fleet movement. This translates to a more efficient and transparent fuel experience for both businesses and consumers.
The Aaveg platform also supports real-time oversight of critical station operations, empowering stakeholders with enhanced forecasting, resource allocation, congestion management, compliance enforcement, and on-the-go decision-making.
Commenting on the investment, Ajay Upadhyaya said, “Nawgati is solving a critical challenge in a space that touches millions every day but has seen little innovation. I am excited to support the team as they bring efficiency, transparency, and scalability to fuel and fleet management, not just in India but globally. Their vision and execution make them a standout in this sector.”
This Pre-Series A round builds on Nawgati’s earlier investments from marquee backers such as Maharatna PSU GAIL, the Department of Science and Technology (DST), MeitY Startup Hub, Sharks on Shark Tank India, BITS Spark, BITS Pilani’s angel network, and Girnar Growth Ventures—reflecting strong and sustained investor confidence in the startup’s innovation-led growth trajectory.
Commenting on the investment, Ajay Upadhyaya said, “Nawgati is solving a critical challenge in a space that touches millions every day but has seen little innovation. I am excited to support the team as they bring efficiency, transparency, and scalability to fuel and fleet management, not just in India but globally. Their vision and execution make them a standout in this sector.”
This Pre-Series A round builds on Nawgati’s earlier investments from marquee backers such as Maharatna PSU GAIL, the Department of Science and Technology (DST), MeitY Startup Hub, Sharks on Shark Tank India, BITS Spark, BITS Pilani’s angel network, and Girnar Growth Ventures—reflecting strong and sustained investor confidence in the startup’s innovation-led growth trajectory.
About Nawgati:
Nawgati is India’s first fuel-tech platform, pioneering technology-driven solutions to optimize fuel station operations, enhance fleet management, and elevate the consumer refueling experience through India’s largest fuelling app. With a growing network of collaborations with major fuel companies and fleet operators, Nawgati is redefining the refueling journey across the country and poised to make a global impact.