Photo - Orangecells Innovation Lab Pvt. Ltd.
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Orangecells Innovation Lab Pvt. Ltd.

Build big picture to save time, money in fuel accounting

India, Karnataka
Market: Internet and IT, Transport, Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 13.06.2024
Sale price
$  10.000.000
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Does the enterprise work?

Yes

Idea

We build the big picture for industries to save significantly on time, money by plugging gaps in fuel accounting & minimising (in)direct fuel pilferage via our digital twin based monitoring & analysis system, unmatched fuel reports & detailed analytics

Current Status

Established business with 40+ customers

Annual sales, $

125000

Annual net income, $

7500

Organizational form

Private Limited

Number of employees

10

Problem or Opportunity

Problem current solution is addressing:
Fuel management and fuel cost analysis at an industrial scale is a very complex operation. Most methods used today are based on assumptions and unreliable sources
Example: manual log books maintained on site.
Bowser / dispensation side solutions do not account for fuel pilferage from vehicle tank

Platform is highly extensible to solve for other application areas such as EV monitoring, healthcare etc.

Solution (product or service)

Rangr provides:
Realtime vehicle monitoring and tracking using GPS
Realtime fuel consumption monitoring and analysis
Realtime hour run analysis and reports
Built on highly extensible digital twin platform
Lots more

Competitors

Intangles (Mahindra iMaxx)
Taabi
Loconav
FleetX
Roadcast

Advantages or differentiators

Compared to the competitors:
No one provides the big picture
Everyone focuses on performance of individual asset
No one provides the power and depth to answer the most important question “Is this fuel event true of false?”
The answer to this question is the key to the accuracy of consumption reports, fuel audits, fuel cost estimations i.e. “the big picture”
Very few provide self serve capabilities

To top that, Rangr offers:
A highly extensible platform
APIs to integrate with other solutions to provide end-to-end fuel management solution

Finance

One time capex charges: $300 / unit
Supplementary periodic subscription charges: $10/mo/unit

Business model

One time capex + supplementary periodic subscription

Reason for sale

Looking for a strategic acquirer to take over management, scale operations to pan India & global levels, and have access to larger engineering team to build out existing product and other possible products with existing tech, to its full potential.

Market

Iron & steel, mining, construction, logistics, manufacturing, fleet operators, transport, gensets, etc.

Team or Management

Risks

N/A

Invention/Patent

India patent application number: 202341065934

Photos

Photo 1 - Build big picture to save time, money in fuel accounting

Product Video

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Does the enterprise work?
Idea
Current Status
Annual sales, $
Annual net income, $
Type of property
Property and assets
Organizational form
Number of employees
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Business model
Reason for sale
Market
Team or Management
Risks
Invention/Patent
Photos
Product Video
Presentation