FuelGems (Equity)
Funding Details
Awarder
StartEngine
Date Award
January 1, 2020
Vertical
Nanotechnology
Valuation
$12,010,000
Funding Amount
$1,382,239
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
Market
Fuel Additives
Location
Austin, TX, US
Coinvestors
Sputnik ATX, StartEngine Capital, LLC
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.

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