- Octane raised $5.2 million to scale operations and support regional expansion, led by Shorooq, Algebra Ventures, and SC Holding.
- The platform powers real-time fleet expense management through a closed-loop digital wallet.
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Octane’s network includes 2,400 fuel stations and 400 CNG locations, serving 1,600+ clients with 250K vehicles.
Octane, the Egypt-based fleet expense management startup, has successfully closed a $5.2 million funding round. The round was led by Shorooq Partners, Algebra Ventures, and SC Holding, with the goal of expanding its payment acceptance network, enhancing its technical infrastructure, and supporting regional expansion plans.
Octane offers a closed-loop digital wallet that allows businesses to manage all fleet-related expenses such as fuel, maintenance, petty cash, and spare parts—through a single platform. The solution provides real-time controls and advanced analytics, helping companies reduce costs and boost operational efficiency.
The platform supports payments for diesel, gasoline, and compressed natural gas (CNG), and is currently piloting electric vehicle charging points.
Since its founding in September 2022, Octane has built an acceptance network across 2,400 fuel stations and 400 CNG locations in Egypt. The company currently serves over 1,600 enterprise clients operating around 250,000 vehicles, and employs 200 staff members, according to the official statement.
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