Ratan Tata Backs Repos Energy, an Energy Distribution Startup
Repos Energy has raised INR 56 crore after winning the National Startup Award 2021 earlier this year. The cash will be used to increase the company’s product line, expand into other geographies around the country, hire more people, and improve technology.
According to co-founders Chetan Walunj and Aditi Bhosale Walunj, empowering startups through a dynamic model of doorstep diesel delivery via mobile petrol pumps would revolutionize India’s fuel distribution.
“Our ultimate goal is to make all clean fuels available with a single phone call and deliver them to our clients’ doorsteps via an e-commerce platform.” India’s infrastructure is currently heavily reliant on diesel, and it is our job to use it responsibly, according to Aditi Bhosale Walunj, founder of Repos Energy.
“The PMO, the Ministry of Petroleum and Natural Gas, PESO, OMCs, and OEMs (automobile manufacturers) have all backed the concept of mobile energy distribution,” says Chetan Walunj, creator of Repos.
The Indian government launched FuelEnt in July 2015, a flagship project aimed at empowering fuel entrepreneurs to flourish via innovation and design. The ministry of petroleum and natural gas envisioned a regulation that would allow startups to resale high-speed diesel (HSD) to enterprises, allowing for doorstep diesel delivery.
The demand for HSD is predicted to rise from 27 crore liters in 2019 to 43 crore liters in the following ten years, according to the Petroleum Planning and Analysis Cell (PPAC). Because anticipated retail shops are unlikely to be able to meet such a demand, ‘FuelEnts’ will use doorstep fuel delivery to bridge the supply and demand gap.
Repos Energy is now working on bringing renewable energies such as ethanol, methanol, and biofuels on its mobile distribution network as part of its efforts to refuel the energy distribution sector for a ‘carbon-light’ tomorrow, according to the statement.
“Repos is a well-thought-out idea with excellent implementation. “I wish them all the best,” said Ratan Tata, who is a second-time investor in the company.
The Walnut husband-wife team created Repos Energy in 2017 to transform a domestic fuel pump business in Maharashtra into a dynamic energy grid. The duo wants to provide low-cost solutions for India’s expanding energy logistics needs. Through its 1,500+ partners and 2,500 Repos Mobile Fuel Pumps, the company is present in over 220 cities across the country.
“We will register these fuel startups and feature them on our app. We’ll also set up the required infrastructure for them. This will include a back-end crew that will help them develop their overall brand identity. We’ll see to it that they become successful businesses “Chetan Walunj expressed himself.
According to Aditi Bhosale Walunj, “We’ve created a fuel distribution network that includes IoT and AI-powered Repos Mobile Petrol Pumps (RMPP). These RMPPs are designed in our IoT facility in Chakan, Pune, and meet PESO requirements.”
Easy Diesel from Pune, Nuvera Energy from Mumbai, Auro Fuels from Bengaluru, AMA Fuels from Kolkata, Ecological Fuels from Guwahati, and Future Fuel Services from Mirzapur in Uttar Pradesh are among the fuel startups that have registered with Repos.
Repos Energy is a startup based in Pune, Maharashtra, that was founded in 2017 and is sponsored by Ratan Tata, Chairman Emeritus of Tata Sons. It currently operates in over 150 Indian cities.