App-based door-to-door fuel delivery service provider, ‘The Fuel Delivery’ on Tuesday announced the formal launch of its Mumbai operations.
The start-up has recently announced its entry into the Delhi market and now plans to enter new cities in a phased manner to enter other key markets like Chandigarh, Bengaluru, Hyderabad, Chennai and Kolkata in the next 12 to 18 months.
For growth, the company banks on several sectors, including real estate (both under construction and occupied projects), hospitals, corporate office parks, schools and institutions, shopping malls, warehouses, and the agricultural sector.
The company also recently signed ‘All India Business Agreement’ with state-owned oil major, Indian Oil Corporation (IOC). The service level agreement allows the start-up to offer doorstep delivery of diesel anywhere in India. With the company’s service offerings and IOC’s footprint across the length and breadth of the country, the fuel delivery aims to further expand the oil company’s rich legacy in fuel retail.
Customer places an order through the mobile or web App, while the fuel is delivered with customer details like name, mobile number, quantity, address and time of delivery.
All the company’s browsers that are compliant with the Petroleum and Explosives Safety Organisation (PESO) standards will bring it to the set destination.
The company has leveraged the potential of IoT (Internet of Things) new-age technology for developing and deploying the mobile App. All the delivery vehicles are enabled with an IoT solution that allows monitoring and tracking in real-time while managing logistics better by reducing order fulfilment time.
Rakshit Mathur, Founder & CEO, The Fuel Delivery, said, “Since we are starting now in a very crucial phase, we have orders worth more than 100 thousand litres per month/per bowser in places like Mumbai and Delhi. We have a set of customers and MoU in place; when we do the consolidated number, what we get to see is that with these three bowsers on road today, we are able to deliver approximately 300 thousand litres in a month in Mumbai.”
As far as industry standards are concerned, the door-to-door delivery of fuel service is closed to 60 kilolitres to 70 kilolitres a month per bowser. State-owned Indian retailers’ petrol and diesel sales in April 2021 fell by 61% and 57% year-on-year. This decline can be attributed to a low level of industrial and transportation activity due to COCID-19 restrictions; however, it started to gain momentum by late April as activities resumed. Oil marketing companies anticipate the door-to-door fuel market to be worth more than INR 2,000 crore in the next 12 to 18 months.