The upcoming round is likely to see participation from listed players, celebrities, family offices, and existing investors.
New Delhi, [India] April 17, 2026: Nawgati, India’s leading fuel-tech company, is in advanced discussions to raise $5.2 million in its upcoming Series A funding round, with the company’s valuation expected to surpass $70 million. We expect participation from a diverse set of investors, including listed companies, prominent celebrities, family offices, and existing backers.
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The development marks a significant milestone for Nawgati as it accelerates its vision of building a global “Vertical AI for the mobility sector.” The startup has already begun establishing a strong international footprint, with active deployments and growing traction across markets such as Sri Lanka and the UAE. Additionally, Nawgati has been receiving strong inbound interest from Western markets for the large-scale deployment of its fuel-station AI technology.
Nawgati’s existing investor base includes prominent names such as Vyom Partners (private investment arm of the Polycab family), Ajay Upadhyaya Family Office, Deepak Bhagnani Family Office, GAIL (India) Limited, and MeitY Startup Hub. The company had previously raised $2.5 million in its Pre-Series A round led by Ajay Upadhyaya, along with participation from Vyom Partners, Deepak Bhagnani Family Office, and MeitY Startup Hub.
Commenting on the development, Vaibhav Kaushik, Co-Founder & CEO of Nawgati, said, “We are building Nawgati as a global vertical AI company for the mobility and fuel ecosystem. Over the past year, we have validated our technology across diverse markets, and the strong inbound interest from international players reinforces the scalability of our platform. This upcoming round will enable us to accelerate global deployments, deepen our AI capabilities, and strengthen both our enterprise and consumer offerings. Our focus remains on solving real-world inefficiencies in fuel and mobility through intelligent, data-driven infrastructure.”
The fresh capital will be deployed to hyperscale Nawgati’s AI-first solutions across global markets, further strengthening its enterprise offerings for fuel and mobility stakeholders. A key focus area will also be the expansion of Nawgati’s consumer-facing fuelling app, aimed at enhancing user convenience and transparency. In parallel, the company plans to accelerate the onboarding of fuel operators and petrol pump dealers across India through its flagship dealer platform, Aaveg Pro.
The company has won multiple prestigious recognitions, including the Best on Campus honor at the ET Startup Awards 2025, selection for the Google for Startups Accelerator, and the inclusion of its Co-Founder, Vaibhav Kaushik, in Forbes 30 Under 30 Asia. These accolades highlight the company’s strong innovation capabilities and its emergence as a high-potential player in the global mobility-tech ecosystem.
Nawgati’s technology stack, anchored in deep learning and real-time analytics, is designed to optimize fuel station operations, reduce congestion, improve throughput, and enable data-driven decision-making for operators and fleet managers. With increasing global demand for efficiency and digitization in fuel retail, Nawgati is positioning itself as a category-defining player in the evolving mobility-tech ecosystem.
About Nawgati: Nawgati is India’s first fuel-tech platform, delivering technology-driven solutions that modernize fuel station operations and streamline fleet management. Alongside these enterprise solutions, Nawgati also powers India’s largest fueling app, enhancing convenience and transparency for millions of daily users. Trusted by leading energy companies and fleet operators, Nawgati’s flagship platform, Aaveg, leverages deep learning and real-time analytics to reduce congestion and improve operational efficiency. With a proven track record in India, Nawgati is now expanding globally, starting with the UAE and Sri Lanka, to enable smart, seamless, and sustainable refueling experiences.
For more information, visit www.nawgati.com
