PetroApp
A smart solution based on NFC technology which enables companies and individuals to avoid waste and manipulation in fuel consumption, to control and monitor it easily.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $50.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 33 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
PetroApp is a company that provides a smart system for fuel management and vehicle budget optimization. The company primarily serves both companies with vehicle fleets and individual car owners.
Its main service is a platform that allows users to manage, monitor, and control their fuel consumption. This helps in reducing waste and optimizing the distribution of fuel. The business model appears to be centered around providing this technology-based solution to its clients. PetroApp operates in several countries, including Nigeria, Egypt, Thailand, and Saudi Arabia, indicating a focus on emerging markets where fuel management and cost control can be significant concerns.
For businesses, especially those with a fleet of vehicles, PetroApp offers a way to have better oversight and control over their fuel expenses. For individuals, it provides a tool to manage their personal fuel budget more effectively. The company makes money by providing its fuel management system to its users, likely through a subscription or service fee model.
Keywords: fuel management, fleet management, budget optimization, fuel consumption, vehicle management, cost control, expense tracking, mobile application, B2B, B2C