FuelBuddy, a mobile energy distribution network, claimed to have raised $20 million from multinational corporations. FuelBuddy claimed that with the help of these funds, it is prepared for an aggressive expansion in South-East Asia, India, and the MENA region's international markets.

They have served about 10 crore litres of diesel to partners across the country, including Varun Beverages Ltd., Coca-Cola, Amazon, DLF, Infosys, Taj, Hitachi, Amazon, Flipkart, Mahindra Logistics, and Delhivery, to name a few. They have over 45,000 happy customers and operations in more than 130 cities.

"We are confident that FuelBuddy will emerge as a leader in the international markets as well. FuelBuddy's transformative solutions in the Indian markets have helped us grow exponentially and strengthen our business across geographies," said SK Narvar, who promoted and funded Fuel Buddy .

Fuel Buddy is an app-based, IoT and cloud enabled fuel delivery business that was founded in New Delhi in 2016. It is already spreading throughout rural and tier-two, tier-three cities in India. Naveen Jindal Group, Ravi Jaipuria Group (RJ Corp), and Nilesh Ved were in charge of the most recent investment round (Apparel Group, the UAE).

With their relationship with Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited, the firm just entered the lubricants market (HPCL). "In India, FuelBuddy is a leader in the fuel delivery industry. They have experienced significant growth in recent years, and we anticipate exponential growth from them in the years to come "the CFO of Jindal Power Limited, Amit Dang, said MyPetrolPump, an on-demand fuel delivery business based in Bengaluru, had also been purchased by FuelBuddy.