Repos Energy to deploy 1k mobile pumps by year-end.

City-based Repos Energy is set to sell 1,024 Repos Mobile Petrol Pumps (RMPP) by December this year. Overall, by March next year, the company hopes to sell and monetize 3,500 mobile pumps.

During the lockdown alone, the company recruited 150 new employees. After the announcement of the new government policy, which allows anyone to become a fuel entrepreneur and sell high-speed diesel directly from the OMCs (Oil Marketing Companies), the company said it has registered 150 such fuel startups in less than a month, with plans to increase it to 500 by December-end.

Repos Energy counts Ratan Tata as its marquee investor. “We have a well-targeted plan of boosting our production and so far we have been successful,” said Chetan Walunj, co-founder, Repos Energy.

The company said it was looking to close its Series A funding of $30 million by December-end.

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