Ultragas
Ultragas operates a Mexico-wide B2B fleet fuel management platform providing RFID-based Control Cards accepted at 2,153 affiliated gas stations across 32 states. It enables enterprise and SMB fleet operators to consolidate fuel purchases, monitor spending in real time, and achieve 100% SAT tax deductibility via consolidated CFDI invoicing.
- Company typePrivate
- Founded2006
- HeadquartersMonterrey, Mexico
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ultragas does
Ultragas, operating commercially as UltraGas Control Card, is a Mexican B2B fleet fuel management platform founded in 2006 and headquartered in Mexico City. The company enables fleet operators to control and fiscalize vehicle fuel purchases through an RFID-based Control Card accepted at a nationwide network of affiliated gas stations, currently spanning 2,153 stations across all 32 Mexican states and 450+ cities and processing 18,000+ daily transactions. The platform is composed of three products: the RFID Control Card assigned to each vehicle or driver, a web-based administration portal for configuring spending limits, fuel-type restrictions, and usage schedules, and a mobile application for remote card management and real-time transaction monitoring.
Under the hood, the system validates transactions in real time and deducts amounts from pre-loaded fleet balances, while a REST API enables ERP synchronization with SAP and Oracle systems alongside Excel, CSV, and XML report exports. A central piece of the value proposition is the SAT-compliant CFDI invoicing with a "complemento de estado de cuenta de combustibles" (fuel account statement complement), which consolidates all loads across stations into a single monthly electronic invoice and enables 100% fuel tax deductibility for the customer under Mexican tax law, with DIOT-compatible VAT reporting.
The business model is a transaction-fee intermediary structure: fleet companies load funds into an UltraGas wallet, drivers use the Control Card at affiliated stations, and UltraGas charges a commission on each load. The go-to-market is sales-led for enterprise accounts (with specialist-led implementation in 3-5 business days) and self-serve via the portal and mobile app for SMB customers. The company serves 6,000+ active clients across enterprise fleet operators and small businesses with as few as three vehicles. The firm is privately held with 11-50 employees, no disclosed institutional investors, no disclosed funding rounds, and no disclosed leadership team.
Ultragas firmographics
Firmographics- Name
- Ultragas
- Legal name
- UltraGas Control Card
- Website
- https://ultragas.com.mx
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ultragas operates a Mexico-wide B2B fleet fuel management platform providing RFID-based Control Cards accepted at 2,153 affiliated gas stations across 32 states. It enables enterprise and SMB fleet operators to consolidate fuel purchases, monitor spending in real time, and achieve 100% SAT tax deductibility via consolidated CFDI invoicing.
- Ownership category
- akta.pro rank
Ultragas industry classification
Industry- Product category
- Fleet Fuel Management
- NAICS
- Fuel Dealers (45721)
- SIC
- Retail-Auto Dealers & Gasoline Stations (5500)
- akta.pro primary industry
- Fuel Card & Fleet Payment Programs (TLABAMAA)
- akta.pro secondary industries
- Fuel Management & Fleet Card Programs (THADAKAH), Fleet Fuel & Energy Management (Fuel Programs, EV Charging Ops) (TLABAIAI), Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD)
Keywords
Where Ultragas is headquartered
LocationHeadquarters
- HQ city
- Monterrey
- HQ country
- Mexico
- HQ region
- Latin America
Offices1 record
Markets served
Ultragas business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Fleet Fuel Card Services: Platform fee or transaction fee model where UltraGas acts as intermediary between fleet companies and gas stations. Companies load funds onto the UltraGas wallet and use the Control Card at affiliated stations. UltraGas provides consolidated invoicing (CFDI) with detailed fuel consumption statements.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Ultragas product offering
Product offeringCore offering
UltraGas provides an RFID-based fuel control card that allows fleet operators in Mexico to authorize, monitor, and reconcile vehicle refueling at affiliated gas stations. The card works in conjunction with a cloud-hosted web portal and a mobile application that deliver real-time consumption data, driver and vehicle tracking, and reporting for fleet managers.
Product overview
UltraGas is a unified fleet fuel management platform consisting of the Control Card (RFID card), a Web Portal, and a Mobile App. The Control Card is assigned to each vehicle or driver and enables cashless fuel purchases at over 2,000 affiliated stations. The Web Portal and Mobile App provide administrative control for setting spending limits, fuel type restrictions, usage schedules, and real-time transaction monitoring. Fiscal invoicing is consolidated into a single monthly CFDI with state account complement for 100% SAT deductibility.
Differentiator
Problem solved
Functional benefit
Products and services
- UltraGas Control Card RFID fuel control card issued to fleet operators that authorizes refueling only at affiliated gas stations and only for registered vehicles and drivers, providing auditable consumption data for fleet managers in Mexico.
- UltraGas Web Portal Cloud-hosted web portal that allows fleet administrators to manage cards, vehicles, drivers, and consumption limits and to view real-time refueling transactions and reports.
- UltraGas Mobile Application Mobile application available on iOS and Android that gives fleet managers and drivers access to UltraGas account information, transactions, and reporting on the go.
Quantifiable outcome
- 100% tax deductible fuel consumption with proper CFDI documentation
- +2 more outcomes
Companies that use Ultragas
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
Ultragas technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
Ultragas partnerships and signals
Strategic signalScale indicators7 records
Recent moves5 records
Expansion highlights3 records
Ultragas competitors and assessment
Company assessmentDirect peers
- BBVA Bancomer Tarjeta Empresarial Combustible: Mexican bank issuing fuel-control cards and corporate-expense products to fleets; comparable to UltraGas on product type, customer segment and Mexican fiscal compliance positioning.
- Repsol Mexico Waylet / Repsol Fleet: Repsol is a major fuel station brand that runs proprietary loyalty/payment apps and fleet programs in Mexico; directly comparable as an integrated station-network-plus-fleet-payment offering in the same geography UltraGas serves.
- WEX Fleet Card: Global fleet fuel-card and payment solutions provider with operations across the Americas; comparable to UltraGas on product (RFID/controls cards), target customer (fleet operators) and revenue model (transaction-based).
- Edenred Mexico: Operates Ticket Fleet and Ticket Car fuel-card programs in Mexico, directly competing with UltraGas in B2B fleet fuel management, expense control and tax-deductible invoicing for corporate vehicles.
- Banorte Tarjeta de Combustible: One of Mexico's largest banks offers proprietary fleet fuel-card products to corporate clients, directly competing with UltraGas for the same enterprise and mid-market fleet fuel-expense wallet.
- Corpay (Comdata) Fleet Card: Comdata, part of Corpay, is a North American fleet fuel card and fleet payment platform with overlapping product features (card-based controls, fuel-only authorizations, ERP integration) and similar B2B fleet go-to-market motion.
Emerging players
- Efectivale: Mexican prepaid business-expense card platform with fleet-fuel and broader employee-expense use cases; relevant comparison as a Mexico-domiciled, card-based fleet/payment wallet competing for the same SMB and mid-market fleet customers as UltraGas.
- Mobato (Logística y Transporte fuel programs): Latin-American fleet-fuel and road-expense management platform; comparable to UltraGas on fleet-card issuance, expense controls and ERP integrations targeting transport-heavy corporate fleets.
Others
- Geotab: Global telematics and connected-vehicle platform whose fleet-management data (vehicle location, fuel consumption) is highly complementary to UltraGas's card-based fuel-expense data, often co-deployed in large enterprise fleets.
Broad incumbents
- Mastercard Move / Fleet Solutions: Mastercard offers commercial and fleet card programs at global scale, including through Mexican issuing partners; comparable as a broad incumbent providing overlapping fleet-payment infrastructure though without UltraGas's Mexican SAT/fiscal specialization.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Ultragas social profiles
Digital presenceUltragas compliance and trust
Trust signalCompliance3 records
Ultragas financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ultragas leadership team
Management profileNumber of profiles
Ultragas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ultragas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ultragas
What does Ultragas do?
UltraGas provides an RFID-based fuel control card that allows fleet operators in Mexico to authorize, monitor, and reconcile vehicle refueling at affiliated gas stations. The card works in conjunction with a cloud-hosted web portal and a mobile application that deliver real-time consumption data, driver and vehicle tracking, and reporting for fleet managers.
Is Ultragas a public or private company?
Ultragas is a private company. It is classified as unknown and is currently operating.
When was Ultragas founded?
Ultragas was founded in 2006. It employs 11 to 50 people.
Where is Ultragas based?
Ultragas is headquartered in Monterrey, Mexico, in the Latin America region.
How does Ultragas make money?
One revenue line is on record: fleet Fuel Card Services.
Who are Ultragas's main competitors?
Direct peers on record are BBVA Bancomer Tarjeta Empresarial Combustible, Repsol Mexico Waylet / Repsol Fleet, WEX Fleet Card, Edenred Mexico, Banorte Tarjeta de Combustible and Corpay (Comdata) Fleet Card. Emerging players are Efectivale and Mobato (Logística y Transporte fuel programs). Geotab is listed as an others. Mastercard Move / Fleet Solutions is listed as a broad incumbent.
Does Ultragas have an API?
Yes. REST API that enables synchronization of fuel consumption and billing data directly with ERP systems such as SAP and Oracle. Also supports export of reports in standard formats (Excel, CSV, XML).
What industry is Ultragas in?
Ultragas's product category is Fleet Fuel Management. Its primary akta.pro industry code is TLABAMAA, Fuel Card & Fleet Payment Programs, with a secondary code of THADAKAH, Fuel Management & Fleet Card Programs. Its NAICS code is 45721 and its SIC code is 5500.