Ultra Gas & Energy

What Ultra Gas & Energy does

Ultra Gas & Energy Limited (UGEL) is a private, Mumbai-based clean energy infrastructure company and an Essar Group venture that builds and operates an integrated LNG, Bio-LNG, CBG, and EV charging retail network across India's major freight corridors. As of the available data, UGEL operates 7 Green Fuel Hubs with an average station utilization of approximately 75%, having dispensed 19,000 MT of LNG to date, and has announced a Rs 900 crore (~$101 million) capital plan to scale the network to 100 stations by March 2029 along the Golden Quadrilateral, Delhi-Mumbai, and Mumbai-Chennai corridors. The company's core technology combines cryogenic LNG storage and dispensing hardware with hydrogen-ready station architecture, AI/IoT-powered digital monitoring for fuel optimization and emissions tracking, and a virtual pipeline (doorstep LNG delivery) capability for off-gas-grid industrial customers.

UGEL's business model is multi-stream and transaction-based: revenue is generated from per-kg LNG sales to fleet operators and industrial buyers at company-owned hubs, Bio-LNG/CBG and EV charging usage fees, and franchise/land-leasing royalties for partner-operated stations. Go-to-market is anchored on enterprise field sales to large fleet operators, supported by an integrated ecosystem with subsidiary GreenLine Mobility (1,000+ LNG trucks, scaling to 10,000), vehicle OEM Blue Energy Motors, and LNG supply partnerships with Indian Oil, GAIL, and HPCL. Customer segments include long-haul fleet operators and logistics companies (primary), industrial users transitioning from coal/furnace oil, commercial EV fleet operators, and HoReCa clients. The company reports quantifiable customer outcomes of approximately 42% cost savings versus diesel, 40% carbon emission reduction, and 1,200 km per-tank range for LNG-powered long-haul trucks.

Name

Ultra Gas & Energy

Legal name

Ultra Gas & Energy Limited

Website

https://ultragasandenergy.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Ultra Gas & Energy Limited operates an integrated LNG, Bio-LNG, CBG, and EV charging retail network across India's major freight corridors, serving long-haul fleet operators, industrial users, and logistics companies as an Essar Group venture.

Ownership category

akta.pro rank

Product category

LNG and clean fuel retail infrastructure

NAICS

Natural Gas Distribution (22121)

SIC

Natural Gas Distribution (4924)

akta.pro primary industry

Alternative Transportation Fuels Retail (EV Charging, Hydrogen, CNG/LNG, Biofuels Blends) (EUALAIAI)

akta.pro secondary industries

Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA), CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling) (EUALALAK)

Keywords

• LNG refueling infrastructure
• Green fuel hubs
• Bio-LNG distribution
• EV charging network
• Clean mobility solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. LNG Retail Sales: Sale of Liquefied Natural Gas to heavy-duty commercial vehicles (trucks, buses) and industrial customers at company-owned and operated Green Fuel Hubs. Revenue is volume-based, generated from per-kg LNG sales to fleet operators and industrial clients along freight corridors.
2. Bio-LNG and CBG Sales: Sale of Bio-LNG (biogas-derived LNG) and Compressed Biogas as part of the multi-fuel offering, supporting sustainability-focused customers.
3. EV Charging Services: Integrated EV charging infrastructure at LNG stations, providing charging services for electric commercial vehicles and fleet operations.
4. Franchise and Land Leasing: Revenue from franchise-based clean fuel station development partnerships and land leasing arrangements along national and state highways. Company provides operational and technical support to franchisees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Ultra Gas & Energy develops and operates an integrated network of Green Fuel Hubs along India's freight corridors, dispensing Liquefied Natural Gas (LNG), Bio-LNG, Compressed Biogas (CBG) and EV charging for heavy-duty commercial vehicles and industrial customers. The hubs are supported by AI- and IoT-powered digital fuel and emissions monitoring, hydrogen-ready station design, and a doorstep LNG delivery service via cryogenic tankers to off-gas-grid industrial sites.

Product overview

Ultra Gas & Energy operates as a multi-fuel clean mobility company offering an integrated portfolio of fuel products and services anchored by its core Green Fuel Hubs (LNG Retail Outlets) network. The company's offering combines fixed retail outlets with mobile Doorstep LNG Delivery services, augmented by add-on fuel products (Bio-LNG, CBG) and EV charging infrastructure at each hub. A proprietary Integrated Digital Platform for Energy Usage Tracking enables customers to monitor and optimize consumption. The infrastructure is designed to be hydrogen-ready, while Environmental Compliance and ESG Support services help customers meet regulatory requirements. This architecture positions UGEL as a one-stop clean energy solutions provider for heavy freight and industrial sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Green Fuel Hubs (LNG Retail Outlets) Ultra Gas & Energy's flagship product: a network of 24x7 multi-fuel retail outlets dispensing LNG, Bio-LNG and Compressed Biogas (CBG), co-located with EV charging infrastructure, for heavy-duty commercial vehicles and industrial customers along India's freight corridors (Golden Quadrilateral, Delhi-Mumbai, Mumbai-Chennai).
• Doorstep LNG Delivery Mobile LNG delivery service supplying cryogenic LNG via tankers to industrial customers and fleet operators at their premises, extending UGEL's supply beyond fixed Green Fuel Hubs to off-gas-grid and hinterland industrial and fleet sites across India.
• EV Charging Infrastructure Electric vehicle charging stations integrated at every Green Fuel Hub, marking the first integrated LNG-EV retail network in India. Provides charging services for electric commercial vehicles and fleet operators co-located with LNG refueling.
• Integrated Digital Platform for Energy Usage Tracking Proprietary AI- and IoT-powered digital monitoring platform providing real-time energy usage monitoring, fuel optimization, efficiency tracking, automated reporting and emissions analytics for fleet operators and industrial clients using UGEL's network.
• Environmental Compliance and ESG Support Advisory and documentation services helping fleet operators and industrial customers achieve regulatory compliance and meet ESG reporting requirements across India's PESO, MoRTH and PNGRB framework, including emissions reduction reporting.
• Franchise and Land-Lease Station Development Franchise-based clean fuel and EV station development partnerships and land leasing arrangements along national and state highways. UGEL provides brand, operational standards and technical training to franchisees and partners; suitable land is 0.75-1.5 acres with highway access.

Quantifiable outcome

• 42% cost savings compared to diesel for long-haul trucking
• +5 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• GreenLine Mobility Solutions LimitedcoreStrategic or Co-development Partner · 27 November 2025GreenLine Mobility, an Essar Group venture and UGEL subsidiary, operates over 1,000 LNG-powered heavy-duty trucks across key logistics corridors and plans to scale to 10,000 vehicles. UGEL provides integrated LNG refueling infrastructure for GreenLine fleet through corridor-first station development. The partnership represents an integrated truck-fuel ecosystem addressing the chicken-and-egg problem between vehicle adoption and infrastructure availability.
• Indian Oil Corporation LimitedcoreTechnology or Integration · 27 November 2025Partnership with Indian Oil Corporation, India's largest state-owned fuel retailer, for securing LNG supply to UGEL's growing network of retail stations. Indian Oil is a key supplier ensuring supply continuity for the refueling infrastructure.
• GAIL (India) LimitedcoreTechnology or Integration · 27 November 2025Partnership with GAIL (India) Limited, India's leading natural gas transmission and marketing company, for LNG supply to UGEL's retail network. GAIL provides the gas supply backbone supporting station operations.
• Hindustan Petroleum Corporation LimitedcoreTechnology or Integration · 27 November 2025Partnership with Hindustan Petroleum Corporation Limited (HPCL) for LNG supply to UGEL's network. HPCL provides supply support as part of the company's multi-supplier strategy for retail station network.
• Blue Energy MotorscoreStrategic or Co-development PartnerBlue Energy Motors is UGEL's manufacturing partner specializing in zero-emission truck design and manufacture. The partnership provides LNG-capable heavy-duty trucks for the ecosystem, advancing sustainable vehicle innovation. Blue Energy Motors represents a key component of the integrated clean transportation solution.

Scale indicators12 records

Recent moves1 record

Direct peers

• Reliance bp Mobility (Jio-bp): Joint venture between Reliance and bp operating an India-wide network of alternative-fuel and EV charging retail outlets targeting heavy-duty truck and passenger-vehicle customers. Most directly comparable competitor in Indian LNG/CNG/EV station retail for freight.
• Clean Energy Fuels Corp: The largest US provider of natural gas (LNG/CNG) fuel for transportation, operating heavy-duty truck refueling stations and the America's Natural Gas Highway corridor. Closely comparable global direct peer in LNG refueling for freight.

Broad incumbents

• Indian Oil Corporation: India's largest state-owned oil marketer and retail fuel network operator with thousands of outlets and growing alternative-fuel (LNG, biofuels, EV) initiatives. Broad incumbent overlapping UGEL on alternative transportation fuels retail.
• Bharat Petroleum Corporation (BPCL): One of India's state-owned oil majors with a nationwide fuel retail footprint and expanding LNG/biofuel/EV programs. Overlaps UGEL on multi-fuel station deployment for heavy-duty vehicles.
• Hindustan Petroleum Corporation (HPCL): Indian state-owned oil major and UGEL LNG supply partner, operating one of the country's largest fuel retail networks and growing its own alternative-fuels station footprint. Both partner and potential competitor.
• Shell India: Indian arm of global LNG-for-transportation leader Shell, with mobility/JV presence in India and broad retail operations. Comparable in LNG/alternative-fuels dispensing for heavy-duty transport.
• Adani Total Gas: One of India's largest CNG and PNG distributors expanding into EV charging and LNG for industrial/commercial segments. Comparable large-scale alternative-fuel infrastructure operator in India.
• GAIL (India) Limited: India's largest natural gas transmission and marketing company with LNG sourcing, regasification and downstream ambition. Acts as UGEL's LNG supplier while also pursuing downstream LNG retail opportunities.
• Mahanagar Gas (MGL): One of India's largest city gas distribution companies serving Mumbai and surrounding regions with CNG and PNG. Comparable in alternative-fuel distribution for transportation and adjacent industrial customers.

Others

• Chart Industries: Global cryogenic equipment and LNG infrastructure manufacturer - tanks, vaporizers, regasification and virtual-pipeline systems. Adjacent technology and infrastructure provider enabling LNG station and doorstep-delivery deployment similar to UGEL's.

Market position

Strengths5 records

Weaknesses5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/UltraGasEnergy
• Facebookfacebook.com/UltraGasEnergy
• LinkedInlinkedin.com/company/ultra-gas-energy-india

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Ultra Gas & Energy