Tank Utility provides remote monitoring solutions for fuel delivery through internet-connected tank level monitors and a cloud-based analytics platform. This technology enables fuel marketers to optimize delivery logistics, reducing the number of trips by 40% while enhancing customer engagement and retention.
Funding
$6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BCFounders
Product
Problem
Fuel marketers often face inefficiencies in delivery logistics due to a lack of real-time visibility into customer tank levels. This results in unnecessary trips, increased operational costs, and potential customer dissatisfaction from run-outs or untimely deliveries.
Solution
Tank Utility offers a remote tank monitoring solution that provides fuel marketers with real-time data on customer tank levels via internet-connected monitors and a cloud-based analytics platform. This technology enables optimized delivery routes, reduced delivery frequency, and proactive customer service. By gaining insight into actual fuel consumption patterns, fuel companies can predict demand more accurately, minimize run-outs, and improve overall operational efficiency. The system allows for a more streamlined and cost-effective fuel delivery process, enhancing both the customer experience and the fuel provider's bottom line.
Target Audience
The primary target audience is fuel marketers seeking to optimize delivery logistics, reduce operational costs, and improve customer satisfaction, as well as homeowners wanting to monitor their fuel levels and avoid run-outs.
Features
- Internet-connected tank level monitors utilizing LTE connectivity for reliable data transmission
- Cloud-based analytics platform providing real-time tank level data and historical consumption patterns
- Optimized delivery route planning based on actual tank levels and predicted demand
- Automated alerts for low tank levels, enabling proactive customer service
- Mobile app for homeowners to monitor their fuel levels and manage deliveries