New Delhi-based fuel-tech startup Nawgati is in advanced talks to raise $5.2 million in a Series A funding round that would value the company at over $70 million, the company said on April 15, 2026. The round is expected to see participation from listed companies, celebrities, family offices, and existing backers.
The fundraise follows a $2.5 million Pre-Series A round led by Ajay Upadhyaya, with participation from Vyom Partners — the private investment arm of the Polycab family — Deepak Bhagnani Family Office, and MeitY Startup Hub. GAIL (India) Limited is also among Nawgati's existing investors.
Vaibhav Kaushik, Co-Founder and 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 company said proceeds will be used to expand its AI-based fuel station management solutions across international markets, grow its consumer fuelling app, and onboard fuel operators and petrol pump dealers in India through its dealer platform, Aaveg Pro.
Nawgati currently has deployments in Sri Lanka and the UAE, and says it has received inbound interest from Western markets for its fuel-station AI technology. The company's technology uses deep learning and real-time analytics to manage fuel station operations, reduce congestion, and support fleet managers.
Nawgati was recognised at the ET Startup Awards 2025 and was selected for the Google for Startups Accelerator. Its co-founder Kaushik was named in the Forbes 30 Under 30 Asia list.