Repos launches Repos Pay: A ‘first of its kind’ Energy on credit Fintech platform to revolutionise energy distribution through its tech tool called DATUM
” TRANSFORMING ENERGY DISTRIBUTION USING TECHNOLOGY”
Kolkata, 09.08.2022: 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 has launched Repos Pay which is a ‘first of its kind’ Energy on credit Fintech platform to revolutionize energy distribution through its tech tool called DATUM. This launch ceremony took place last month in Mumbai and was graced by Shri Narayan Rane (Hon. Minister of MSME, Govt. of India.Repos organised a city launch of its tech tool DATUM in in Kolkata on 6th August. The mini launch was witnessed by transporters, OEM officers and bankers. Repos aims in the delivery of fuel (starting with diesel) to doorsteps through Datum by bridging the gap between supply and demand using this tech-enabled innovation. Repos’ commitment to creating India’s sustainable energy distribution ecosystem was further evidenced by this launch. 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
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 – Viva Technology 2022.
Small towns in India will write the next chapter of India’s startup story and we at Repos are thrilled to support this momentum through the launch of Repos Pay. 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
“The launch of Repos Pay in Kolkata city is a sincere effort to design and drive accessibility of tech-driven financial products to unbanked and deprived segments of Indian society. 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, “The launch of Repos Pay in Kolkata city provides a boost toward a cashless economy and technology-based financial inclusion. Repos Pay will make the payment process much easier and more secure. 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 and energy distributors 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.
News Mania Desk
