A front-door B2B diesel delivery firm named The Fuel Delivery has secured $2 million from Drake Trade and Investment Pte. Ltd. The investor from Singapore will contribute additional working cash to help The Fuel Delivery with its expansion goals.
The funding received will be used to advance its IoT-enabled platform, penetrate new lands, and strengthen its marketing initiatives. The firm has growth goals beyond diesel and is getting ready to compete in the gas and electric vehicle markets, as reported by Inc42.com
Speaking about the investment, Rakshit Mathur, founder and CEO of The Fuel Delivery, said, “We were looking for someone who understands this business, and Drake Trade is a perfect fit. They bring vast experience in building businesses and helping them grow.”
About The Fuel Delivery
The Fuel Delivery was established in 2020 by Rakshit Mathur in an effort to substantially address the problems associated with managing your fuel requirements cost-effectively, safely, and efficiently. They provide diesel to customers according to the petroleum ministry’s guidelines, and we have a license from the Petroleum and Explosives Safety Organisation. Delivering diesel to your home, revolutionizes fuel distribution in India, subject to governmental laws.