NAWGATI: Revolutionizing Fuel Station Experience with AI-Powered Real-Time Updates

Introduction

In the bustling city of Noida, a revolutionary startup named Nawgati has emerged as a game-changer in the fuel industry. Leveraging the power of deep learning, Nawgati provides real-time updates on congestion and service times at fuel stations, offering a seamless solution for both fuel providers and consumers. This article delves into the inception, services, business model, and growth trajectory of Nawgati.

Inception and Inspiration

The brainchild of Vaibhav Kaushik, Nawgati was born out of a simple observation – the long queues at fuel stations, especially CNG outlets, were not just inconveniences but significant time and money drains. Kaushik, inspired to find a solution, collaborated with Aalaap Nair and Aryan Sisodia during their college days to establish Nawgati. The name "Nawgati" is derived from the Sanskrit word 'navgatih,' meaning 'navigation,' aligning with the company's mission to guide fuel providers and consumers through the fuelling process.

Technology at the Core

Nawgati employs cutting-edge deep learning algorithms that utilize existing infrastructure at fuel stations. These algorithms categorize vehicles, identify repeat visits, and monitor standard operating procedures (SOPs) and asset utilization. In a successful pilot project with Indraprastha Gas Ltd in Delhi, Nawgati showcased its prowess in optimizing fuel station operations.

Services Offered

Nawgati provides two primary services – Aaveg, a B2B platform, and the Nawgati Fuelling App for consumers. The consumer app offers real-time information on fuel rates, availability, and wait times, empowering users to make informed choices. On the other hand, Aaveg caters to fuel stations, offering a comprehensive dashboard with crucial real-time metrics, such as transit time, waiting time, serving time, and resource utilization.

Business Model

The B2B Aaveg service operates on a subscription model, with petrol stations paying a monthly fee starting at Rs 5,000 per station. The Nawgati Fuelling App provides basic features for free, with premium features in development. Additionally, Nawgati plans to launch a congestion data API for fleet operators, further diversifying its revenue streams.

Market Expansion and Growth

Having successfully deployed its edge controller at over 150 fuel stations, Nawgati is in discussions with prominent fuel companies for further expansion. The startup aims to onboard 2,000 more fuel stations on Aaveg, targeting Tier I and II cities across India. With over 10 lakh users on its B2C app, Nawgati envisions reaching an Annual Recurring Revenue (ARR) of $1.5 million in the coming quarters and an ARR of over Rs 200 crore by 2027.

Recognition and Funding

Nawgati has garnered recognition for its innovative approach, being part of TechSparks 2023 and making it to Tech30 list. The startup recently secured seed funding from All in Capital for geographical expansion, fuel pump onboarding, and inclusion of electric vehicle charging stations in its platform.

Conclusion

In a rapidly evolving fuel industry, Nawgati stands at the forefront, blending technology and innovation to enhance the fuelling experience for both providers and consumers. As it continues to expand its footprint and diversify its offerings, Nawgati is poised to play a pivotal role in shaping the future of fuel station operations in India.