With its 2000+ partners and operations in 220+ cities across the country, Repos is the pioneer of the Doorstep Fuel Delivery industry in India. Under its FinTech arm, Repos announced today the launch of Repos Pay, a ‘first of its kind’ Energy Fintech platform which will facilitate fuel on credit solution for bulk consumers. Repos signed memorandums of understanding (MOUs) with Axis Bank, mCapital, and ICICI Bank as the first Financial partners for the platform. The launch ceremony was graced by Shri Narayan Rane (Hon. Minister of MSME, Govt. of India). Repos is committed towards the nation’s growth by creating an ecosystem that facilitates the delivery of all forms of energy at the doorstep of end consumers with the help of technology. This launch further demonstrated Repos’s dedication to building India’s sustainable energy distribution ecosystem.
Since its inception in 2017, Repos has been Relentless and Positive in realising its vision of helping the world move toward a carbon-neutral future with the establishment of E-Commerce of energy. It wants to make all fuels – liquid, gas, or electric accessible through Mobile Energy Distribution through special purpose vehicles like IoT technology-enabled Repos Mobile Fuel Pumps. For its innovations in Mobile Energy Distribution, Repos was conferred with National Startup Award 2021 with the hands of Hon. Prime Minister of India, Shri Narendra Modiji in the industry 4.0 vertical. So far Repos has secured three national and one international patents (published in 153 countries). Repos has also been featured in Forbes India magazine and has represented India at Europe’s biggest start-up and tech event – Vivo Technology 2022.
We have identified the expansive untapped market of fuel on credit and developed a platform to introduce a structured fuel financing and management mechanism.Repos Pay, powered by technology, caters not only to the credit needs of the fuel consumer but also acts as an efficient credit extension and management platform for lenders such as banks, NBFCs and fintech, said Aparajit Subramanian, Co-Founder & Chief Fintech Officer , Repos
“With the launch of Repos Pay, we will enable investors to enter a high-cap market while driving an environmental impact through green energy adoption. While Mobile Energy Distribution has an impressive growth story, access to viable investment opportunities in this sector for most investors is virtually non-existent. The renewable energy segment is a costly asset class to own and manage independently. We, as an aggregator, aim to resolve this problem by facilitating to bring down the ticket size for investments”, said Mr. Chetan Walunj, Founder and CEO of Repos
Aditi Bhosale Walunj, Founder and Chief Visionary Officer of Repos, said, “Our Fintech platform is an opportunity for Repos to innovate the energy financing ecosystem. We believe Fintech offers solutions to invest in renewable projects and provide solutions that break down production, financial analysis and portfolio performance. Repos Pay will be a driving force behind renewable energies’ deployment and the shift towards a greener future. We plan to combine technology and innovations, and our platform will be at the centre of our energy transition.”
Repos Pay is an innovative financial platform that offers new ways for citizens to get involved in delivering clean energy to doorsteps and reap the benefits of the technologically powered payment solution. Repos Pay wants to reach every corner of India and revolutionise the distribution of all kinds of energy in the future. It would cater to Angel investors interested in diversifying their existing portfolios while being a part of India’s fast-growing energy distribution landscape.