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Repos Energy plans producing over 3,000 mobile petrol pumps in FY21

Delhi,Business/Economy,Technology

Author : Indo Asian News Service

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New Delhi, May 24 (IANS) Pune-based energy distribution startup, Repos Energy plans to manufacture and sell around 3,200 mobile petrol pumps in the current financial year.

In a statement, the company said it also plans to get on board over 1,200 operators from across the country during FY 2020-21.

"At present India needs over a lakh of fuel stations across the country to meet the demand. However, this wouldn't be feasible due to the availability of land and the huge costs involved. There are over 55,000 fuel stations which are not sufficient," says Chetan Walunj, co-founder of Repos Energy.

The startup is backed by Ratan Tata, Chairman Emeritus of Tata Group, who came on board as a mentor along with Tata Motors who have helped in making these Repos Mobile Petrol Pumps safe and efficient, the statement said.

Led by IoT, a Repose Petrol Pump can safely and conveniently deliver fuel to the end customers through a simple mobile application, the company said, adding that it is integrated with cloud technology to get real-time updates.

"It has highly sensitive censors called ATG to get accurate quality and quantity of diesel. Enabled with GPS and Geo-fencing, this mobile petrol pump can be monitored in real-time, to ensure the utmost transparency," it said.

Co-founder Aditi Bhosale Walunj said: "We have a fleet of 320 vehicles out of which over 100 are fully operational and working to deliver fuel across India. But now, our target is to build and sell 3,200 RMPPs in one year."

--IANS

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