Started three years ago, Repos Energy runs mobile petrol pumps and is backed by industrialist Ratan Tata.
The mobile petrol pumps come with GPS and geo fencing. The pune based startup already has a fleet of 320 such vehicles.
“At present India needs over a lakh of fuel stations across the country to meet the demand. However, this wouldn’t be feasible due to the availability of land and the huge costs involved. There are over 55,000 fuel stations which are not sufficient,” Chetan Walunj, co-founder of Repos Energy, said in a statement.
Powered By IOT technology, Repose Petrol Pump safely delivers fuel to the end customers through simple mobile application. It is also integrated with cloud technology.
Co-founder Aditi Bhosale Walunj said: “We have a fleet of 320 vehicles out of which over 100 are fully operational and working to deliver fuel across India. But now, our target is to build and sell 3,200 RMPPs in one year.”
The company has funding by Ratan tata, Chairman of Tata Group.