Ratan Tata backs Pune based energy distribution start-up Repos energy
- ByStartupStory | May 19, 2022
Repos Energy, a fuel-to-door start-up raised a fund of Rs.56 Cr in a Pre-series A funding round from Ratan Tata and other investors. The funds are a mixture of equity and Debt. The funds are raised to expand product offerings, India FootPrint, and recruit new. Repos are planning to invest further in technologies like AI, Blockchain, and IoT.
This is the second time Ratan Tata backed Repos after undisclosed funds were raised from Ratan Tata recently. On backing Repos again Ratan Tata said “Repos is a well-conceived project with good execution, I wish them all the success”
Founded in 2017, Repos decided to utilise the raised funds in strengthening its product line and expand its presence in different geographies in India. The main vision of Repos is to create accessibility to clean fuels with a single click at the doorstep through E-commerce platforms.
Repos’s concept of building mobile energy distribution has gained support from PMO, OMCs, the ministry of Petroleum and Natural gas, OEMs, and PESO. In 2015, the Indian Government launched FuelEnt, an initiative to empower fuel entrepreneurs.
Founded by the couple Chetan Walunj and Aditi Bhosale Walunj, Repos’s mission is to provide Cost-effective solutions for the growing demand for energy in India. The firm has established its presence in over 220 cities with 1500+ partners, with more than 2,500 Repos Mobile Fuel pumps.
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