Infibeam’s Phronetic.AI and Nawgati Join Forces to Build Real-Time AI for India’s Energy, Fuelling & Fleet Future

Nueromind Technologies Private Limited (“Phronetic”), a cutting-edge deep-tech AI company owned by Infibeam Avenues Ltd, has entered into a Memorandum of Understanding (MoU) with Nawgati Tech Private Limited, a pioneering deep-tech company transforming India’s fuel and mobility infrastructure. This deal aims to co-develop next-generation AI-powered solutions tailored for the fueling, fleet, and energy sectors to automate reasoning capabilities for accurate decision making on real-time basis by using CCTV-video inputs.

Phronetic’s ABM platform is a multimodal technology that combines Video-Language Models (Video-LLMs) with a reasoning model. The Video-LLMs provide insight for understanding the environments, while the reasoning models provides intelligence in contextualizing this information. Ultimately, Phronetic’s Agentic AI, known as the field agent, enables real-time actions based on these insights.

Companies often face operational challenges related to improving efficiency and ensuring SOP (standard operating procedures) compliance. Although current technologies can identify or detect these challenges, they fall short in providing decision-making and action-oriented suggestions due to their lack of reasoning capabilities with video inputs.

“While reasoning capabilities using text are available in the market, there is a significant gap in reasoning models that effectively utilize video inputs, especially in industries such as manufacturing and retail, where physical production and on-the-floor activities take place. By leveraging reasoning capabilities to analyze video feeds, organizations can dramatically enhance their efficiency and SOP compliance, which will ultimately contribute to their business growth,” explained Mr. Rajesh Kumar, CEO of Phronetic AI, emphasizing that Phronetic's technology addresses the pressing need for accurate decision-making by automating reasoning tasks and aiding to take an action.

Expressing his enthusiasm, Mr Rajesh Kumar further said “Partnering with Nawgati allows us to apply our intelligence at scale and create real-world impact in high-throughput, high-stakes energy operations.”

Mr. Vaibhav Kaushik, Co-Founder & CEO of Nawgati, said: “Nawgati is leading the digital transformation of India’s fuelling infrastructure through deep-tech solutions powered by AI and advanced deep learning algorithms. Our flagship platform, Aaveg, is deployed across thousands of fuel stations to monitor retail operations in real time, reduce pilferage, and ensure SOP compliance. We are delighted to work with Phronetic and leverage their advanced AI capabilities to enhance the intelligence and efficiency of our solutions. Together, we’re unlocking a new era of autonomy and efficiency across fuel and fleet networks.”

Key Highlights of the Collaboration:

• Agentic AI Deployment: Phronetic will integrate its Field and Desk AI Agents into Nawgati’s tech stack to enhance operational intelligence, automate customer interactions, and support intelligent decision-making across various environments.
• Go-to-Market (GTM) Partnership: Phronetic and Nawgati will jointly go to market with AI-powered offerings for the fuel, fleet, and energy sectors, leveraging Nawgati’s vast on-ground deployments, deep-tech Aaveg platform and Phronetic’s agentic AI capabilities.

Nawgati’s flagship product, Aaveg, is a vertical SaaS platform used by energy players to optimize forecourt operations, reduce inefficiencies, manage congestion, monitor SOPsand enhance compliance. Nawgati’s product is deployed across thousands of fuel outlets across the country. In addition, Nawgati powers India’s largest fueling app, serving over 2 million users, offering a seamless end-to-end fueling experience. Nawgati has also played a pivotal role in digitising CNG fleet programs across India, streamlining logistics and enhancing transparency for commercial vehicle networks. Fuel outlets of Indraprastha Gas, Mahanagar Gas, Torent Gas, and petrol pumps operated by dealers of Indian Oil, Bharat Petroleum, Hindustan Petroleum and JioBP use Nawgati’s products.

Founded at BITS Pilani, Nawgati is at the forefront of fuel-tech innovation, developing intelligent digital infrastructure solutions for India’s energy sector. By unifying fuel stations, fleet operators, and consumers on a single platform, Nawgati enhances network utilization, streamlines refueling operations, and offers real-time visibility into fuel availability and fleet movement. The company operates at the intersection of deep-tech, mobility, and energy, and is backed by marquee investors including GAIL (India) Ltd, Ajay Upadhyaya, Deepak Bhagnani Family Office, MeitY Startup Hub, Department of Science & Technology (DST), Jash Bhurjee, BITS Spark, and Aamara Capital.

Phronetic is an AI business vertical under Nueromind Technologies Private Limited, a pioneering deep-tech AI company and a subsidiary of Infibeam Avenues Ltd.

About Nawgati Tech Private Ltd:

Nawgati is an AI and IoT-driven Technology Company built to modernize fuel station operations, minimize pilferage, and elevate the customer experience. At its core is Aaveg, Nawgati’s flagship solution that provides real-time nozzle-level monitoring, automated stock reconciliation, and intelligent queue and compliance management through camera-based AI systems. The platform enables fuel station operators to digitally manage sales, inventory, and customer footfall via a centralized dashboard, offering actionable insights for operational efficiency. It also supports predictive maintenance of critical forecourt hardware, reducing downtime and maintenance costs. On the consumer side, Nawgati operates India’s largest fuelling app to offer features such as real-time station information, digital billing, and instant feedback collection, bridging the gap between station infrastructure and end-user convenience. Additionally, Nawgati offers fleet management integrations that provide visibility into fueling behavior, optimize route planning, and enable seamless control over large-scale commercial vehicle operations.

About Infibeam Avenues Limited:

Infibeam Avenues Ltd. is one of the leading global financial technology (fintech) company offering comprehensive digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company's payment infrastructure solution includes acquiring and issuing solutions and offering infrastructure for banks. The core Payment Gateway (PG) business provides over 200 plus payment options to the merchants allowing them to accept payments through website and mobile devices in 27 international currencies. Infibeam Avenues' enterprise software platform hosts India's largest online marketplace for government procurement. The company processed transaction worth INR 7.0 trillion (US$ 86 billion) in FY24. Company currently has over 10 million plus clients across digital payments and enterprise software platforms. The company's vast clientele includes merchants, enterprises, corporations, governments, and financial institutions in both domestic (India) as well as international markets. Infibeam Avenues' international operations are based in the United Arab Emirates, Kingdom of Saudi Arabia, Australia, and the United States of America. We also have business presence in Oman working with three of the largest banks in the country.

Woman-led trackNOW Raises Extended Seed Funding from Poonawalla Group

trackNOW, a leading Gujarat-based women-led award-winning fleet management and advanced telematic tracking solution company has recently raised an extended seed fund of an undisclosed amount. The funding round was led by Yohan Poonawalla, Chairman of the Poonawalla Engineering Group, and Michelle Poonawalla, Managing Director of the Poonawalla Engineering Companies. The company had previously secured seed funding in FY24, led by GI Ventures and BluSmart co-founder Anmol Jaggi, which successfully led the company to accelerate its business growth plans.

The latest investment from the Poonawalla Group will enable trackNOW to expand its R&D and boost operational efficiency, which will further solidify its position in the Indian logistics market.

Founded in 2016 by Pooja Khemka and Suyash Khemka, trackNOW has emerged as a leader in delivering cutting-edge solutions to streamline fleet management and tracking processes. Known for its focus on minimizing turnaround times and reducing operational costs across various industries, trackNOW has garnered immense recognition for its intelligent, technology-driven innovations.

“Investing in promising startups like trackNOW is not just about financial returns,” said Yohan Poonawalla, Chairman of Poonawalla Engineering Group. “It’s about mentoring and empowering young, visionary entrepreneurs by providing them with the resources and support needed to succeed. We believe in the transformative power of innovation and are committed to fostering an environment where groundbreaking ideas can flourish.”

Michelle Poonawalla, Managing Director of the Poonawalla Engineering Companies, added, “We are thrilled to partner with trackNOW and support their growth journey. This investment reflects our commitment to empowering Indian entrepreneurs. The partnership has the potential to unlock significant value for both trackNOW and the broader Indian economy by driving job creation, enhancing operational efficiencies across sectors, and strengthening India's position in the global logistics market.”

Commenting on the investment, Pooja S. Khemka, Co-founder, trackNOW said, “The investment from the Poonawalla Group is a significant endorsement of our vision and a testament to the hard work and dedication of our team. We are honored to receive the support of such a respected group. This partnership will not only provide us with the capital required to scale operations but also invaluable mentorship and industry expertise.”

The Poonawalla Group, known for its pioneering ventures in engineering, pharmaceuticals, real estate, socio-economic initiatives, and green technology, brings strategic mentorship and investment expertise to trackNOW. This strategic investment by Poonawalla Group highlights their vision to empower next-generation entrepreneurs and fuel innovation across key sectors of the Indian economy.

trackNOW leverages innovation and technology to deliver real-time tracking solutions for fleet management, mobility, and IoT. Its user-friendly app, available on Android and iOS platforms, offers graphical reports, AI-based driver behavior scoring, and advanced analytics to optimize turnaround times. The platform serves diverse industries, including Coal, Oil & Gas, FMCG, Cold Chain, Education, Agriculture, Construction, and Healthcare. Additionally, trackNOW provides Platform-as-a-Service (PaaS) for seamless ERP integration and highly customizable solutions. Recently, the company was honored with the 'Excellence in Innovation' award at the Logistics & Supply Chain Conclave for its transformative impact on logistics and fleet management.

Fintech Startup 1Pay Unveils Next-gen Virtual Prepaid Card for Fleet Management

The all-in-one Fleet Expense Management card allows fleet owners to manage overall expenses incurred during the fleet journey.

With real-time monitoring features, fleet operators can have better control over fleet operations and be protected from any fraud deduction or unusual transactions.

1Pay, a Fintech startup and an RBI-approved (in-principle) full-stack payment aggregator, launches a first-of-its-kind multi-purpose virtual prepaid card for fleet operators to manage and control all possible fleet expenses under a single platform. The innovative prepaid card provides the fleet industry with increased flexibility, efficiency, and automation to simplify and accelerate company payments. 1Pay is also the only payment aggregator that aims to create a Neo Banking Platform to digitally unify the unorganized Logi-Fintech space by bringing transportation, logistics, and the banking industry on one platform.

One of the most difficult tasks for a fleet manager is budget control. With the rising cost of fuel and other services, they are always under immense pressure to find cost-effective solutions. 1Pay's virtual prepaid card is an all-in-one Fleet Expense Management solution that enables drivers to seek trip advances easily, have trip itineraries pre-approved by management, book trips, and file trip expenses digitally while on the move.

How does the 1Pay prepaid card work?

1Pay’s virtual card works the same as any other debit or credit card but has additional benefits. To apply, fleet owners and managers need to first download the 1Pay’s 1Move app from the play store. Through their AI-enabled systems, 1Pay does secure and fully digital e-KYC verification via video. Once this is done, fleet managers can start using the prepaid card that provides real-time visibility of the overall expenses, and track and control drivers' on-road expenses. As a result, they can have better control over fleet operations and are protected against any fraud or unusual transactions.

Key Features/Benefits

Fleet owners can use the prepaid card to pay their drivers instantly from the 1Move corporate account to their personalised prepaid card, allowing quick and easy access to funds.

From fuelling the vehicle to servicing/repairing it, and from paying the tolls to parking the vehicles, this virtual card can be used for all payments incurred during the journey.

Moreover, the card provides fleet operators access to all its driver's cards online, including the ability to load and withdraw funds from cards, set card limits, enable or disable transactions on different card channels (online, physical stores, ATM) and can activate and deactivate cards. Additionally, they can even pre-authorize trip itineraries, track travel expenses as they occur, approve travel claims, implement travel policies, and view travel spending analytics from a single cloud-based platform.

Speaking about the launch, Sanjiv Shah, Co-Founder of 1Pay said, “At 1Pay, our aim is to provide fleet operators and transporters with effective and efficient, easy-to-use financial solutions. This virtual prepaid card is a step towards building the product stack for them and offering better finance managing solutions. We also hope this product will further strengthen our market position in India and we continue to build and provide more value to our customers.”

Oomkar Kulkarnie, Head - Product & Technology, “We focus on developing innovative solutions for unorganised sectors by utilising cutting-edge product approaches and seamless payment processing capabilities. Apart from directly benefiting fleet owners, the new prepaid card solution will also benefit stakeholders such as fleet aggregators, telematics companies, and fintech associated with the fleet industry by allowing them to add a layer of payments across their offerings. With this, we hope to provide greater business value with our new offering.”

About 1Pay:

1Pay is a Fintech startup and an RBI-approved (in-principle) full-stack payment aggregator offering effectiveness, efficiency, and excellence to all financial processes including routine transactions and value-added merchant services. They are also the only payment aggregator that aims to create a Neo Banking Platform to digitally unify the unorganized Logi-Fintech space by bringing transportation, logistics, and the banking industry on one platform.

Founded in 2019, today 1Pay has two streams of business - a payment suite for banks and merchants and an app for end-to-end management of transportation and logistics businesses. The startup offers payment solutions to Logistics, OEM Suppliers, OMC/Fuel Distributors, and FASTag issuers and builds customized payment solutions for industries like education, SME, manufacturing, and others.

Through their state-of-the-art product approach and seamless payment processing abilities they build innovative solutions for unorganized sectors and offer services like Vendor payout systems, B2B invoice collection systems, customized bill payment, banking and insurance, universal trip expense management system, and BBPS to transporters and merchants.

Currently, the company has an annualized GTV (Gross Transaction Value) of INR 8500cr plus and an annualized transaction volume of over 30 million.