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PetroApp provides a fuel-management and vehicle-budget platform for both fleet operators and individual drivers. Its system helps users manage, monitor, and control fuel consumption through a mobile-enabled platform that tracks usage, detects waste, and optimizes how fuel is distributed and spent. For businesses, it offers centralized oversight of fleet fuel expenses; for individuals, it helps optimize personal fuel budgets. Revenue likely comes from subscription or service fees for access to the fuel-management system. The product differs from many competitors by targeting emerging markets (Nigeria, Egypt, Thailand, Saudi Arabia) where cost control and fuel waste are critical, offering both B2B and B2C solutions in one platform, and focusing on actionable budgeting and spend optimization rather than just data reporting. PetroApp aims to reduce fuel waste, lower costs, and provide clear visibility into fuel expenses across vehicles.
Industries
Data & Analytics
Automotive & Transportation
Energy
Enterprise Software
Company Size
201-500
Company Stage
Early VC
Total Funding
$50M
Headquarters
Saudi Arabia
Founded
2018
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Total Funding
$50M
Above
Industry Average
Funded Over
1 Rounds
Health Insurance
Performance Bonus
King & Spalding advised PetroApp on its $50 million investment round led by Jadwa Investment through the Jadwa GCC Diversified Private Equity Fund. Bunat Ventures also participated. PetroApp, a digital fuel and fleet management platform, operates in Saudi Arabia, Egypt, Thailand, and Nigeria. The advisory team included members from King & Spalding's Dubai, Riyadh, London, and Geneva offices, led by partner Macky O'Sullivan.
Jadwa leads a USD 50 million investment round in PetroApp
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Industries
Data & Analytics
Automotive & Transportation
Energy
Enterprise Software
Company Size
201-500
Company Stage
Early VC
Total Funding
$50M
Headquarters
Saudi Arabia
Founded
2018
Find jobs on Simplify and start your career today