FuelBuddy operates a mobile energy distribution platform and is positioning itself to become an "energy-as-a-service" provider beyond traditional fuel delivery. The company has expanded into lubricants through partnerships with Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL). It claims more than 45,000 customers and operations in over 130 cities, and is extending services into tier-two and tier-three cities and rural areas. FuelBuddy plans geographic expansion across India, the MENA region, South East Asia, Africa, South Asia, and Dubai. The company intends to use new funding to enhance its technology and broaden its portfolio to include alternative energies such as EV charging and gas. Recent capital will support both domestic scaling and international market entry.

Total raised

$20M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2023