In line with the Government of India’s flagship door-to-door delivery (DDD) of fuel initiative, mobile fueling platform TankUp will guide 1,000 new entrepreneurs in setting up and running a business in DDD of diesel.
The business can be started with an initial investment of ₹25 lakh, the company said. DDD is intended to build a strong ecosystem for entrepreneurs in the mobile fueling sector.
The ministry of petroleum and natural gas, along with oil marketing companies (OMCs), has been actively working to promote the initiative inviting start-ups through an Expression of Interest for DDD of diesel.
The DDD market currently is 0.3 million KL and has the potential to grow to about 10 million KL of diesel annually in next five years, creating a ₹80,000 crore market.
India uses more than 87 million kiloliters (KL) of diesel annually, out of which 82% is used by the B2B segment (for commercial transportation and industrial use).
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