The Fuel Delivery Secures Funding From Singapore’s Drake Trade To Offer Doorstep Diesel Delivery

The Fuel Delivery Secures Funding From Singapore’s Drake Trade To Offer Doorstep Diesel Delivery

SUMMARY

Founded in 2020, The Fuel Delivery offers doorstep delivery of diesel fuel

The startup raised $1 Mn in angel funding and has now raised its Pre-Series A

The startup plans to explore the Gas and EV space with the incoming funding

The Fuel Delivery (TFD), a doorstep B2B diesel delivery company, has raised $2 Mn from Singapore’s Drake Trade and Investment Pte. Ltd. The Singaporean investor will provide further working capital to support TFD’s expansion plans.

The funds raised will be utilised to upgrade its IoT-enabled platform, expand into new geographical territories and bolster its marketing efforts. The startup’s growth plans extend beyond diesel as it is preparing to enter the gas and electric vehicles (EVs) space.

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