Pune-based energy distribution startup Repos Energy on Wednesday said it has raised Rs 560 crore from Tata Sons chairman emeritus Ratan Tata and other investors. The new capital, part of the pre-Series A round, is a combination of equity and debt, the company said. However, Repos Energy did not disclose the identities of the other investors.
This is Ratan Tata’s second round of investment in the company. Repos said it plans to use the funds to build its product line, expand into different country regions, and team building.

It said the fresh capital would also enable the company to invest in the latest technologies such as the IoT, AI and blockchain to make the energy distribution system seamless.

It will also help the company fuel tomorrow’s “low-carbon” energy distribution sector. It already sees mass demand and a significant impact on the environment by reducing carbon emissions and encouraging efficient fuel distribution, Repos said in a release.

Founded by husband and wife duo Chetan Walunj and Aditi Bhosale Walunj, the startup is working to bring renewable energy sources such as ethanol, methanol and biofuels into its mobile distribution network.
Aparajit Subramanian, the co-founder of Repos Energy, said: “This fundraiser will help us realise our dream of bringing energy to the last mile of the world.”

The world is moving towards a carbon-neutral future, and Repos Energy is bridging the gap between fuel supply and demand. Our ultimate goal is to provide all clean fuel via mobile phones and deliver it to customers’ doorsteps via e-commerce platforms,” said co-founder Aditi Bhosale Walunj.

“Currently, India’s infrastructure is heavily dependent on diesel, and it is our responsibility to use it sustainably. We will leverage this distribution network shortly to provide clean and green fuel to end-users,” she added.
Repos operates in over 220 cities in India through its 1,500+ partners and 2,500+ Repos mobile fuel pumps.