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Tsecond Generation Technology Private Limited, which is a startup based in Nagpur, has raised an investment of Rs 2.5 crore in private equity from the American firm LEPL Tech Holding Company. Tsecond is situated in Surendra Nagar in Nagpur and has a manufacturing unit in Manesar.
Tsecond, which was founded in 2014, has got the investment for its flow-based fuel gauging system, which gives exact reading of fuel filled in a tank. Speaking to Nation Next, Sahil Chawla (Founder and Director, Tsecond) explained the idea behind the fuel gauging technology for diesel generators..
Sahil said, “When a consumer visits a fuel station and asks for fuel to be filled, he will not actually know if that exact amount of fuel has been given to him. We thought of this as a problem and started working on a way to arrive at a solution for this. We thought of creating a device, which can calculate the amount of fuel filled on a real time basis for consumers. Over a period of time, we could develop the technology.”
Speaking about the sectors, where the technology is currently being used, Sahil said, “Telecom Towers use diesel generators to operate. They are one of the biggest consumers of diesel. We created a technology for them, which could gauge the real time measurement of fuel. We are also providing the technology to banks situated in rural areas.”
Sahil added, “We have a US patent and an Indian patent for the technology. We have customers from America and India. We will also be exporting to Mexico and Bangladesh soon.” Sahil’s plans to use the investment to expand his company’s reach.