Funding Details
- Awarder
- StartEngine
- Date Award
- January 01, 2020
- Vertical
- Nanotechnology
- Funding URL
- View Funding Page
- Valuation
-
$12,010,000
Company Info
- Founding Year
- 2019
- Traction
- Traction, field trials and pilots with multi-billion corporations
- Organizations Involved
- Sputnik ATX, BP, Marubeni, PKN ORLEN, Suncor Energy
- Founders
- Kirill Gichunts, Jacek Jasinski, Yaroslav Bereznitskiy
- Company Description
- FuelGems manufactures a groundbreaking and proprietary fuel additive which is environmentally friendly, extremely powerful, highly versatile and incredibly affordable. A mere micro-dose of 1-5 grams of our environmentally friendly material can treat 265 gallons of fuel. Major competing fuel additives require 800x - 20,000x more material to treat the same amount. FuelGems' state-of-the-art fuel additive skyrockets the cleanness and performance of Gasoline, Diesel and Bio-fuel used for all modes of transport and electricity generation. The additive reduces fuel consumption by up to 9%, increases lubrication of the engine and its components and reduces greenhouse gasses and dangerous emissions by up to 49.5%! The additive is both extremely affordable and user-friendly, which will facilitate mass adoption across the $3.5 trillion fuel industry. It can be easily added to fuel by gas station operators, refineries and anyone who operates any mode of transport at a cost savings. We believe this will help us secure long-term partnerships as it provides clients with a profound, immediate, yet lasting competitive advantage. We believe these significant advantages currently make FuelGems the most powerful and most affordable fuel additive, providing a competitive advantage no other company or additive can. As a result, some of the biggest corporations in the world such as BP, Marubeni, PKN ORLEN, and Suncor Energy are in pilot and pre-pilot stages with FuelGems. Diesel and gasoline will power almost 60% of all vehicles by 2050. Fuel is inefficient, dangerous and deadly for the environment and human health, which urgently increases the need for a cleaner, safer and more effective solution now.
- Market
- Fuel Additives
- Location
-
Austin,
TX,
US
- Coinvestors
- Sputnik ATX, StartEngine Capital, LLC
Links