TrucksUp, a leading logistics technology company, has announced its strategic collaboration with Indian Oil Corporation Limited (IndianOil) to introduce the XTRAPOWER-Fleet Card, a comprehensive fuel and fleet management solution customised for the logistics industry. This partnership marks a significant step toward digitising and streamlining fuel payments and fleet operations for logistics service providers across India.
Under this collaboration, TrucksUp and IndianOil have signed a Memorandum of Understanding (MoU) to enable fleet operators, small logistics businesses, and corporate customers to leverage the benefits of the XTRAPOWER-Fleet Card Program. With this initiative, TrucksUp aims to enhance operational efficiency, transparency, and cost-effectiveness in fuel and fleet management.
The XTRAPOWER-Fleet Card Program is a trusted and widely adopted solution that empowers fleet operators with a secure, convenient, and digital method to manage fuel transactions and fleet-related expenses. Designed to cater to large logistics service providers, small fleet operators, and corporate entities, the program provides end-to-end control over fuel expenditures, enabling businesses to optimise their fuel management strategies.
Some of the benefits of IndianOil's XTRAPOWER-Fleet Card Program include 24/7 recharge options with multiple platforms like RTGS, NEFT, IMPS, UPI, Credit/Debit cards and internet banking through multiple transaction modes like chip card, mobile and RFID at an extensive network of more than 40,000 outlets across India. The reward program includes 0.40% cashback on transaction value redeemable for fuel and other rewards via loyalty points. It has a seamless B2B integration with enterprise systems and a dedicated customer support. It provides flexible credit options through top financial institutions and NBFCs and Accidental insurance coverage for driver & one person other than driver on duty.
Through this association, TrucksUp customers will have access to IndianOil’s extensive network of fuel stations across India, ensuring seamless and reliable fuel availability. The program provides benefits including fuel savings, exclusive cashback offers, enabling truck owners and operators to save on fuel costs, increase asset utilisation, reducing cost of operation and boosting operational efficiency.
Commenting on the partnership, Sarthak Elwadhi, Co-founder of TrucksUp, said, “At TrucksUp, our mission has always been to introduce technology-driven solutions that simplify logistics operations. Our collaboration with IndianOil to introduce the XTRAPOWER-Fleet Card is a crucial step in that direction. Our facilities like 24/7 transactions through multiple modes and products like tracking, insurance and reward points have enhanced the experience for the driver community and transport business owners. This program will empower fleet operators by providing them with a seamless, secure, and transparent fuel payment solution, ultimately driving efficiency in logistics and transportation.”
Adding to this, Wahid Raza, Vice President - VAS, TrucksUp, stated, “Fuel management is a critical aspect of logistics operations, and the XTRAPOWER-Fleet card is set to revolutionise how businesses control and monitor fuel expenses. With the support of Indian Oil’s robust infrastructure, our customers can now enjoy greater convenience, cost savings, and operational excellence.”
The partnership aligns with TrucksUp’s vision to digitally transform logistics operations by offering cutting-edge financial and operational tools to businesses. With the integration of the XTRAPOWER-Fleet Card, fleet owners can now experience a hassle-free fuel payment system, reducing dependency on cash transactions and ensuring better financial planning.
As the logistics industry continues to evolve, this collaboration is aimed to set a new benchmark in fuel and fleet expense management, reinforcing TrucksUp’s commitment to driving efficiency and innovation in India’s transportation sector.
