TankUp Petro Ventures

What TankUp Petro Ventures does

TankUp Petro Ventures (operating as TankUp Engineers Limited for its IPO) is a Lucknow-headquartered, India-based digital industrial fueling company founded in 2016 by Gaurav Lath and Saurabh Sharma. It manufactures IoT-enabled mobile diesel bowsers in capacities ranging from 1,000L to 25,000L and operates a Door-to-Door Delivery (DDD) platform approved by the Government of India under DPIIT, serving industrial end-customers across cement, mining, infrastructure, ports, aviation, defence, agriculture, and logistics, alongside a 2,100+ FuelEntrepreneur (FuelEnt) franchise network spanning 28 states.

The company's technology stack is anchored by the proprietary TankSmart controller, which integrates GPS, geofencing, automated tank gauging, OTP-based Tanklok anti-theft locking, and metering with +/- 0.1% accuracy approved by the Weights & Measures Department. This stack is delivered through three coordinated mobile applications (Customer, Delivery, Partner) and is complemented by an extended product portfolio covering Explosive Vans, Mobile Service Vans, Water Sprinkler/Mist Sprayers, Aircraft Refuelers, Hydrant Pit Cleaners, Meteor MKII Dispensers, Crash Fire Tenders, and Ground Support Equipment for adjacent industrial and aviation/defence use cases.

TankUp monetizes through three streams: hardware sales of mobile diesel bowsers, transaction-based diesel delivery through the FuelEnt network, and recurring technology/platform subscriptions. Diesel is procured under channel arrangements with India's three state-owned Oil Marketing Companies (BPCL, HPCL, IOCL), and the model positions mobile fueling at roughly 1/10th the capital outlay of a traditional petrol pump with zero land investment. The company has manufacturing operations in Lucknow and Navi Mumbai, employs 101–250 people, and is currently transitioning from a private LLP to a publicly listed entity via an IPO filed in 2025 under the name TankUp Engineers Limited (NSE: TANKUP).

Name

TankUp Petro Ventures

Legal name

TankUp PetroVentures LLP

Website

https://tankup.co.in

Company type

Private

Founded year

2016

Operating status

Ipo

Headcount range

51–100 employees

Short description

TankUp Petro Ventures is a Lucknow-based company that manufactures IoT-enabled mobile diesel bowsers and operates a government-backed Door-to-Door fuel delivery platform, serving 2,100+ FuelEntrepreneur partners and industrial customers across 28 Indian states.

Ownership category

akta.pro rank

Product category

Industrial Mobile Fuel Delivery Equipment & Services

NAICS

Fuel Dealers (4572), Metal Tank (Heavy Gauge) Manufacturing (332420), Pump and Compressor Manufacturing (33391)

SIC

Oil & Gas Field Machinery & Equipment (3533), Industrial Trucks, Tractors, Trailors & Stackers (3537)

akta.pro industry

PRIMARYEUALAIAD

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Downstream Fuels Marketing & Retail (Service Stations, Branded Fuels)

SECONDARYEUALADAJ

Truck Transportation of Crude, Refined Products & LPG (Bulk Road Haulage)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Midstream Transportation (Pipelines, Shipping, Rail & Truck)

Keywords

• Mobile diesel bowser
• Door-to-door fuel delivery
• IoT fuel management
• Industrial fueling solutions
• Special-purpose vehicles

Headquarters

HQ city

Lucknow

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mobile Diesel Bowser Manufacturing & Sales: Designs and manufactures mobile diesel bowsers ranging from 1000L to 25000L capacities. Combines tank with dispensing unit mounted on suitable chassis, complying with Indian Petroleum Act 2011 and PESO standards.
2. Diesel Delivery Services: On-demand door-to-door diesel delivery through FuelEntrepreneurs (FuelEnts). Operates as flagship initiative of Government of India for mobile fueling sector under DPIIT.
3. Technology & Platform Services: Provides digital automation solutions including TankSmart controller, mobile apps, back office dashboard, geofencing, and real-time data analytics for bowser operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

TankUp designs, manufactures, and operates mobile diesel bowsers (1,000L to 25,000L capacities) and provides door-to-door diesel delivery services to industrial customers across cement, mining, infrastructure, ports, aviation, defence, agriculture, and logistics sectors. The offering combines PESO-compliant vehicle manufacturing with proprietary IoT automation (TankSmart controller, Tanklok anti-theft locking, geofencing) and three companion mobile apps, supported by a FuelEnt franchise partner network operating under India's DDD initiative.

Product overview

TankUp Petro Ventures operates as a digital industrial fueling specialist offering an integrated platform combining on-demand fuel delivery, IoT sensor technology, and analytics. The core product portfolio centers on Mobile Diesel Bowsers (1000L-25000L capacities, vehicle-mounted, skid, or trolley-mounted configurations) manufactured in-house, supported by the TankSmart automation controller that manages dispensing, GPS, tank gauging, and remote locking. The company provides three companion mobile applications: Customer App for order placement and reporting, Delivery App for geofencing and automated dispensing, and Partner App for fleet management and analytics. Extended offerings include specialized vehicles (Explosive Van, Mobile Service Van, Water Sprinkler/Mist Sprayers), aviation ground support (Aircraft Refuelers, Hydrant Pit Cleaners, Meteor MKII Hydrant Dispensers), fire safety vehicles (Crash Fire Tenders), and ground support equipment. The company also supports Fuel Entrepreneurs through its DDD (Door-to-Door Delivery) model with PESO licensing support and serves multiple industry verticals including cement, mining, infrastructure, ports, aviation, and defense.

Differentiator

Problem solved

Functional benefit

Brands

• FuelEnt: A flagship initiative by the Government of India, FuelEnt (Fuel + Entrepreneur) is a program to build a strong ecosystem for entrepreneurs in the mobile fueling sector, enabling fuel entrepreneurs to participate in organized delivery of diesel.

Products and services

• Mobile Diesel Bowser Vehicle-mounted, skid-mounted, or trolley-mounted mobile diesel bowser with integrated tank and dispensing unit for door-to-door diesel delivery. Capacities range from 1,000L to 25,000L. Features PESO-compliant safety, IoT-enabled automation, Tanklok anti-theft locking, geofencing, and +/- 0.1% metering accuracy. Targets industrial customers in cement, mining, infrastructure, ports, aviation, defence, agriculture, and logistics, as well as FuelEnt franchise partners.
• Smart Tank (TankSmart) Controller Proprietary IoT-enabled master automation controller that governs and monitors mobile bowser operations including dispensing unit, GPS tracking, automatic tank gauging (ATG), receipt printer, and remote locking. Central nervous system of the TankUp mobile fueling platform, integrated with the Customer, Delivery, and Partner mobile apps.
• Door-to-Door Diesel Delivery (DDD) Service On-demand door-to-door diesel delivery service operated by TankUp's FuelEnt franchise partner network under the Government of India's Door-to-Door Delivery initiative. Fuel is procured from OMC partners (BPCL, HPCL, IOCL) and delivered to industrial customer sites with IoT-tracked bowsers, automated dispensing, and digital invoicing.
• Explosive Van Sturdily designed vehicle for mining and hazardous material transport featuring PESO-defined safety stickers, fire retardant paint, static discharge chains, fire screen behind cabin, IoT-based geofencing technology, and AVA (Audio Visual Alarm) with DGMS approval.
• Mobile Service Van Compact and sturdy vehicle for on-site service operations featuring static discharge protection, auto fire suppression system, rear view camera with night vision, modular lighting for night work, working bench, and IoT-based lubrication dispensing technology with vehicle geofencing.
• Water Sprinkler & Mist Sprayers Pneumatically controlled mist sprayer and water sprinkling system mounted on vehicles, with coverage up to 30 feet on either side, a pressurized pumping unit, and a water monitor capable of 60 feet water stream shots. Used for dust suppression in mining and infrastructure environments.
• Aircraft Refuelers Robust and efficient aircraft refueling systems designed for quick and safe fueling operations at airports, serving the aviation sector's ground support requirements.
• Hydrant Pit Cleaners High-performance cleaning vehicles for maintaining aircraft refueling hydrant pits, ensuring optimal functionality and safety in airport fueling infrastructure.
• Meteor MKII Hydrant Dispensers Innovative fuel dispensers offering precise control and reliability in fuel dispensing operations for aviation ground support at airports.
• Crash Fire Tenders (CFTs) Advanced fire safety vehicles engineered to meet stringent standards, providing reliability and performance for airport and industrial fire safety applications.
• Ground Support Equipment (GSE) Design, manufacturing, and delivery of high-quality ground support equipment solutions supporting efficient and safe airport and airline operations.
• Customer App Mobile application for end customers to place diesel orders, view city-wise pricing, access order history, and generate reports for fuel delivery services. Available on Google Play Store.
• Delivery App Automated diesel delivery mobile application enabling delivery personnel with geofencing navigation, remote dispensing control, OTP-based tank lock access, and on-site receipt printing capabilities.
• Partner App Mobile application for fuel entrepreneurs to manage bowser operations including order placement, customer creation, smart order routing, live vehicle tracking, analytics, and automated invoice generation.
• Fuel Management Solutions Comprehensive fuel management service for industrial customers covering procurement, consumption tracking, digital automation, and PESO and Weights & Measures liaison support for industrial fuel operations.

Quantifiable outcome

• 0+ fully built solutions and customized manufacturing solutions
• +3 more outcomes

Named customers3 records

Segments9 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Government of IndiacoreStrategic or Co-development PartnerTankUp is approved by the Government of India (DPIIT, Ministry of Commerce and Industry) to take door-to-door diesel delivery Pan-India. The company operates under the DDD (Door to Door Delivery) initiative which is a flagship program to build a strong ecosystem for entrepreneurs in the mobile fueling sector.
• MahindraminorStrategic or Co-development PartnerSuccessful partnership with Mahindra for fuel delivery solutions. Nature of partnership involves collaborative fuel delivery operations.
• Jio bpminorStrategic or Co-development PartnerSuccessful partnership with Jio bp (Reliance-BP joint venture) for fuel delivery solutions.
• BPCL (Bharat Petroleum Corporation Limited)coreChannel Partner/ Reseller/ DistributorTankUp works in compliance with BPCL, one of India's major Oil Marketing Companies. FuelEnt partners procure diesel from BPCL for door-to-door delivery operations under regulatory framework.
• HPCL (Hindustan Petroleum Corporation Limited)coreChannel Partner/ Reseller/ DistributorTankUp works in compliance with HPCL for diesel procurement and distribution. FuelEnt partners operate under regulatory framework with HPCL fuel supply.
• IOCL (Indian Oil Corporation Limited)coreChannel Partner/ Reseller/ DistributorTankUp works in compliance with IOCL for diesel procurement and distribution. IOCL is India's largest commercial oil company and primary fuel supply partner.
• CII (Confederation of Indian Industry)minorGTM or Marketing PartnerTankUp has collaborated with CII industry association as part of their partnership for goals initiative under Sustainable Development Goals commitment.
• TiE (The Indus Entrepreneurs)minorGTM or Marketing PartnerGlobal entrepreneur organization TiE partnership for knowledge sharing and entrepreneurial ecosystem development.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Shell India Markets: Shell operates a retail and B2B fuel business in India and runs mobile fueling pilots in multiple global markets. As a global fuel major expanding in India, it is a comparable broad incumbent for industrial and fleet fuel management.
• Bharat Petroleum (BPCL): BPCL is a Tier-1 OMC partner for TankUp's fuel procurement and is also a large-scale fuel retailer exploring mobility initiatives. The relationship is both an enabler and a competitive risk for TankUp's franchise model.
• Nayara Energy: Nayara Energy operates one of India's largest private retail fuel networks and is increasingly active in commercial and industrial fuel supply. It represents a private-sector incumbent with the scale to compete in industrial and mobile fueling if it chooses to enter.
• Hindustan Petroleum (HPCL): HPCL supplies diesel to TankUp's FuelEnt network under the DDD framework and is the third major OMC counterparty. Like IOCL and BPCL, HPCL is also a direct potential competitor if it scales in-house mobile delivery.
• Indian Oil Corporation (IOCL): IOCL is both TankUp's primary fuel supply OMC and a potential competitor through its own mobile fueling pilots. As India's largest oil marketing company, IOCL's strategic decisions on mobile delivery directly determine TankUp's supply economics and competitive exposure.
• Jio-bp Mobility: Jio-bp is a Reliance-BP joint venture with a stated mobility and fuel-retail growth agenda, including fleet and on-site fueling. It is named as a TankUp partner and a comparable strategic counterparty in the Indian industrial fueling market.

Emerging players

• Hype Mobility: Hype operates in adjacent last-mile fuel and energy delivery, including mobile charging and emerging fueling solutions. It overlaps with TankUp on the franchise-driven, technology-enabled industrial delivery thesis but with a broader energy-services scope.

Others

• Adani Total Gas: Adani Total Gas is a large downstream energy distributor in India, primarily in CNG and city gas distribution. It is a thematically adjacent energy-infrastructure player whose expansion into adjacent fuel distribution would shape the competitive backdrop for mobile fueling in India.
• Gulf Oil (India): Gulf Oil is a lubricant and specialty petroleum product player in India with a distributor-led model. While not a direct diesel-delivery competitor, it operates an adjacent downstream petroleum franchise and B2B distribution framework comparable in structure to TankUp's FuelEnt network.

Direct peers

• Repos Energy: Repos Energy is India's other leading IoT-enabled door-to-door diesel delivery startup, operating a franchise-style FuelEnt model virtually identical to TankUp's. It is the most direct head-to-head competitor for both FuelEnt entrepreneurs and enterprise customers in the mobile diesel category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TankUpFuel
• LinkedInin.linkedin.com/company/tankup-digitalfuellingspecialist
• Instagraminstagram.com/tankuppetro
• Xx.com/TankupV

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TankUp Petro Ventures