Infibeam Avenues Limited has informed the Exchange regarding a press release dated July 03, 2025, titled "Infibeam s Phronetic.AI Signs MOU with Fuel-Tech Leader Nawgati Offering Agentic AI and Video-LLM Technology that Automates Reasoning Capabilities on Real-Time Basis".
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Infibeam Avenues' subsidiary Phronetic.AI (under Nueromind Technologies) has signed a Memorandum of Understanding (MoU) with Nawgati Tech, a fuel-tech company backed by marquee investors like GAIL (India) Ltd, MeitY Startup Hub, and DST. The partnership will co-develop AI-powered solutions for India's fuel, fleet, and energy sectors, using Phronetic's Agentic AI and Video-LLM technology to automate real-time decision-making from CCTV video feeds. Nawgati's flagship platform 'Aaveg' is already deployed across thousands of fuel stations serving over 2 million users, and works with major fuel retailers including Indian Oil, BPCL, HPCL, JioBP, and city gas distributors. The collaboration includes integration of Phronetic's Field and Desk AI Agents into Nawgati's tech stack and a joint go-to-market strategy for fuel and energy sector clients.
This is a non-binding MoU rather than a definitive revenue-generating deal, so near-term stock impact is likely limited. However, it signals Infibeam's strategic expansion into AI-driven enterprise solutions beyond fintech, leveraging its subsidiary's technology into a high-volume industry vertical. Investors should watch for conversion into a formal commercial agreement and revenue traction.