Octane, the leading fleet management and digital fuel payments start-up revealed substantial fuel sales totaling up to EGP 1bn in the 1st year of operations. The fuel sales were achieved by processing over 800,000 deals and sustaining 75,000 lorries from more than 500 customers in different sectors within simply one year of its operations.
Amr Gamal, Co-Founder, and CEO of Octane, stated, “Our group is on an objective to improve the fleet payment market in Egypt and the Middle East. Providing an all-time record of EGP 1bn in our very first year of operations is a testimony to how huge the fuel payments issue for business is and evidence that Octane has actually effectively fixed this issue through its smooth and AI-powered scams control and structured service which has actually assisted 500+ consumers conserve 35% from their yearly fuel expense.”
“As we enter 2024, Octane stays dedicated to changing the fleet management and car payments market and to presenting cutting-edge items and functions that will transform the landscape in Egypt and the Middle East”, included Gamal.
Octane is a digital system for automobiles, it allows business to conserve, track and enhance fleet expenditures. It provides a protected digital tracking procedure to track the sustaining operations and uses the very best costs for services, lubes, extra parts and tires, in addition to a wide variety of items for lorries.
It has the biggest and greatest protection network, providing services at 2,400 filling station owned by 7 regional and global fuel suppliers throughout Egypt, covering from Safaga and Downtown to Western Desert, Eastern Desert, and East Owainat.
Ziad ElAdawy, Co-Founder and CCO of Octane revealed: “I am happy and honoured for such an essential accomplishment for Octane. Our detailed system which manages fuel expenditures and helps with digital payments for day-to-day fleet operations likewise supplies fleet efficiency analytics through live tracking, in addition to our concentrate on providing first-class customer support and the efforts of our devoted group, were the primary factors behind this terrific accomplishment”.
Relating to how the Octane application handles the fleet operations, Hatem Farag, Co-Founder and COO of Octane, described that this procedure is executed a direct control board that enables moving balances in between vehicles, from and to business, and a direct control board for altering the pin codes of vehicles, in addition to a manual entry website makes sure that all refuelling deals are kept track of in the system, even if they take place beyond our network, worrying that this procedure avoids all scams and control.
Octane’s customer portfolio consists of public and economic sectors in different fields with more than 75,000 lorries under its management, consisting of however not restricted to: the Ministry of Electricity and Renewable Energy, ElSewedy Electric, Mwasalat Misr, Super Jet, B.TECH, Travco, El Araby Group, GO Bus, Abou Ghaly Motors, Coventry University, Danone, Wadi Food, Lactel and Family Corporation.
It’s notable that the business has actually gathered 2 distinguished awards: “The Rising Entrepreneur of the Year” at Egypt’s Entrepreneur Awards and the “Best Emerging Digital Wallet for Fleet Management” by the International Finance Magazine in acknowledgment of its constant efforts in 2023.