Fundz

Jadwa leads a USD 50 million funding round in PetroApp, Saudi Arabia’s fuel management platform, aimed at expanding its operations and service offerings.

PRIVATEJun 30, 2025

Amount Raised

$50 Million

Round Type

Funding Round

OlayaOil And GasTransportationAutomotiveLogisticsFleet Management

Investors

Bunat VenturesJadwa Investment

Description

Jadwa Investment has led a USD 50 million investment round in PetroApp, with participation from Bunat Ventures. PetroApp provides digital fuel payment and fleet management solutions, managing over 500,000 vehicles for corporate clients. The funding supports its expansion and access to additional services. This marks Jadwa's fifth investment under its recent private equity fund.

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Company Information

Company

PetroApp

Location

Olaya, Riyadh, Saudi Arabia

About

PetroApp is Saudi Arabia’s first independent provider of digital fuel payment and fleet management solutions. Founded in 2018, it is transforming vehicle operations by eliminating cash transactions, reducing fraud, and improving cost control for corporate and government fleets. The platform also provides access to ancillary services such as car washes, oil changes, and tire replacements. Today, PetroApp manages over 500,000 vehicles for 10,000+ corporate clients across several countries.

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PetroApp raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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