From Pumps to Power Moves: Nawgati Bags $2.5 Million Led by Ajay Upadhyaya to Fuel Global Expansion

Subham Kumar

06 May 2025 — 2 min read

Aryan Sisodia, Vaibhav Kaushik, Aalaap Nair, Nawgati Founders: Nawgati Raises $2.5 Million

Nawgati, India’s pioneering fuel-tech platform, has raised $2.5 million in its pre-series A funding round led by renowned stock market investor Ajay Upadhyaya, with participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and prominent angels including Sanjay Sharma (former MD, Accenture), Ashish Sharma and Prithvijit Roy (founders, BRIDGEi2i), and Vivek Mathur (former Partner & COO, Elevation Capital).

The funds will drive Nawgati’s ambitious global expansion and strengthen its regional presence across India. The company is also scaling its fleet offering, which is already live with Mahanagar Gas, to other major fuel companies, advancing its mission to deliver smarter, more connected solutions for fleet operators and fuel stations.

Vaibhav Kaushik, CEO and Co-founder of Nawgati said, “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. 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 the vision of transforming the energy and mobility space, Nawgati has developed cutting-edge 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.

Additionally, it enables real-time oversight of critical station operations, allowing for better forecasting, smarter resource allocation, congestion management, powerful compliance enforcement, and strategic decision-making on the go.

Ajay Upadhyaya, the marquee stock investor who led this round for Nawgati, added, “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 backing from notable investors, including 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, signalling continued investor confidence in Nawgati’s innovation and growth.

About Nawgati

Nawgati is India’s first fuel-tech platform, providing technology-driven solutions to optimise fuel station operations, improve fleet management, and enhance the refuelling experience with India’s largest fuelling app. Collaborating with major fuel companies and fleet operators, Nawgati enables smart, seamless, and efficient refuelling across the country and beyond.