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Urgent Fuel Technologies (BD) Limited

Bangladesh
Market: Internet and IT, Petroleum refining, Services
Stage of the project: Idea or something is already done

Date of last change: 16.01.2022
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Idea

Urgent Fuel Technologies (BD) Limited, also known as UFTL, is the first Bangladeshi fuel tech automation company. Initially, we will launch our fuel delivery services.

Current Status

Product Development Phase

Problem or Opportunity

1. Pilferage
2. Wastage of fuel
3. Increasing carbon emission
4. Wastage of time and money
5. Lack of transparency in the refuel station
6. Higher cost to set up an industrial Automation system

Solution (product or service)

1. Smart fuel tank
2. Doorstep fuel delivery system
3. IoT based fuel monitoring system
4. SaaS for refuel station management
4. Self-service refuel station automation solution

Business model

1. IoT Device (Direct Sales)
2. Delivery Charge & Commission on fuel sales
3. Smart Fuel Tank Renting

Incubation/Acceleration programs accomplishment

1. BYLC Ventures Cohort 5
2. GP Accelerator Design Thinking Bootcamp 3.0
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Idea
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