FuelBuddy raised $20 million in funds led by Naveen Jindal Group and others

January 23, 2023

, By Sarika Parmar

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FuelBuddy raised $20 million in funds led by Naveen Jindal Group, Ravi Jaipuria Group (RJ Corp) and Nilesh Ved (Apparel Group, UAE).

FuelBuddy is a startup that provides doorstep fuel delivery. The funding will be used to launch operations in the UAE market, as well as expand across India and Southeast Asia (SEA). FuelBuddy intends to use the new funds to expand its geographical presence in India, improve its technology stack, and expand into alternative energy sources such as electricity and gas. The startup also provides fuel management services via its IoT-based products, as well as fuel storage and monitoring via IoT. The automotive fuel delivery system market is expected to reach $5.29 billion by 2027, growing at a CAGR of 5.8% between 2021 and 2027, according to a Mordor Intelligence report.

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FuelBuddy raised $20 million in funds led by Naveen Jindal Group and others

January 23, 2023

, By Sarika Parmar

FuelBuddy raised $20 million in funds led by Naveen Jindal Group, Ravi Jaipuria Group (RJ Corp) and Nilesh Ved (Apparel Group, UAE).

FuelBuddy is a startup that provides doorstep fuel delivery. The funding will be used to launch operations in the UAE market, as well as expand across India and Southeast Asia (SEA). FuelBuddy intends to use the new funds to expand its geographical presence in India, improve its technology stack, and expand into alternative energy sources such as electricity and gas. The startup also provides fuel management services via its IoT-based products, as well as fuel storage and monitoring via IoT. The automotive fuel delivery system market is expected to reach $5.29 billion by 2027, growing at a CAGR of 5.8% between 2021 and 2027, according to a Mordor Intelligence report.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Log9 raised $40 million in Series B led by Amara Raja Batteries Ltd. and Petronas Ventures

Next News

Pine Labs acquired Saluto Wellness Private Limited’s proprietary enterprise platform

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