How much funding has Octane raised?

Octane has raised $5.2M in total funding. Their latest funding round was Venture Round. Key investors include Shorooq Partners, Algebra Ventures, SC Holding.

Where is Octane headquartered?

Octane is headquartered in Cairo, Egypt. The company has a team of 200 people.

Octane operates in the AI in Fintech sector. A digital platform for fleet and on-road expense management, allowing real-time control over fuel, maintenance, and other related expenses. Provides real-time visibility, improved cost control, and integrated solutions for fleet management, reducing inefficiencies and fraud.

When was Octane founded?

Octane was founded in 2022. It is based in Cairo, Egypt.

How much funding has Octane raised?

Octane has raised $5.2M in total funding. Key investors include Shorooq Partners, Algebra Ventures, SC Holding.

Who is the CEO of Octane?

Amr Gamal is the CEO of Octane. The company was founded in 2022.

Where is Octane located?

Octane is headquartered in Cairo, Egypt.

What funding stage is Octane at?

Octane is currently at the Growth Stage stage.

How many employees does Octane have?

Octane has approximately 200 employees.

Octane

Category: AI in Fintech

A digital platform for fleet and on-road expense management, allowing real-time control over fuel, maintenance, and other related expenses. Octane was founded in 2022. The company is led by Amr Gamal. Based in Cairo, Egypt. Team size: 200. Total funding raised: $5.2M. Latest round: Venture Round. Key investors include Shorooq Partners, Algebra Ventures, SC Holding.

Founded: 2022
Headquarters: Cairo, Egypt
Team size: 200
Total funding: $5.2M

Value proposition

Provides real-time visibility, improved cost control, and integrated solutions for fleet management, reducing inefficiencies and fraud.

Products and solutions

Closed-loop digital wallet (NFC) for fleet expenses, real-time analytics/fraud controls (AI/OCR), fuel payments across 2,400+ stations, O-Tolls digital toll & weighbridge payments (510+ gates), O-Care/MINT maintenance, O-Store consumables, EV-charging pilots

Unique value

A comprehensive platform that integrates all aspects of fleet expenditure management into a single, user-friendly interface, contrasting traditional fuel cards.

Target customer

Commercial fleet operators, including logistics, transportation, and delivery service companies.

Industries served

Logistics & Transportation, Delivery Services, Commercial Vehicle Fleets

Technology advantage

Utilizes advanced technology tailored for the MENA region, providing unique solutions to common fleet management challenges.

How they differentiate

Focus on the specific needs of MENA markets with a comprehensive and tailored solution for fleet management.

Main competitors

Corpay (Global), WEX (Global), Fawry (Local, indirect)

Key partnerships

Fuel station networks across Egypt, Maintenance service providers

Notable customers

Specific customer names are confidential, but include major logistics and fleet operators in Egypt.

Major milestones

Closed $5.2 million funding round in June 2025. Established Egypt's leading fleet-payment acceptance network. Growth in user base and product offerings, including enhancements to fraud detection and route optimization.

Growth metrics

Serves 3,000+ corporate clients and 300,000–345,000+ vehicles; 2,400+ fuel stations, ~600 CNG outlets, 510+ toll/scale gates; 15M+ digital fuel transactions and 250k+ toll transactions; customers report ~35–40% fleet cost savings.

Market positioning

Positioned as a first-mover in Egypt for fully digitized fleet expense management, addressing a significant market gap.

Geographic focus

Currently operating in Egypt, with plans for expansion across the MENA region.

Patents and IP

No official patents; technology is likely proprietary and innovative in its design.

About Amr Gamal

Amr Gamal, the CEO of Octane, has a background in management consulting and brand management. He was an Engagement Manager at McKinsey & Company and a Senior Brand Manager at Procter & Gamble. This experience has likely equipped him with strong strategic thinking and leadership skills, which are essential for his role at Octane.

Latest news about Octane

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Official website: https://www.octane-tech.io/