Funding Details
- Awarder
- StartEngine
- Date Award
- April 01, 2023
- Vertical
- Nanotechnology
- Funding URL
- View Funding Page
- Premoney Valuation
-
$1,000,000
- Valuation
-
$130,000,000
Company Info
- Founding Year
- 2019
- Traction
- FuelGems has demonstrated 9% fuel savings and significant reductions in emissions in field trials with major companies. They have a strong pipeline of prospective clients, including gas station operators and ride-hailing companies. The company is focused on rapid growth and expansion in the U.S. and European markets.
- Revenue Amount
-
$70,000,000
- Organizations Involved
- Sputnik ATX, StartEngine Capital, LLC
- Founders
- Kirill Gichunts, Yaroslav Bereznitskiy, Jacek Jasinski
- Company Description
- FuelGems manufactures a groundbreaking and proprietary fuel additive that is environmentally friendly, powerful, versatile, and affordable. Their additive reduces fuel consumption by up to 9%, increases lubrication, and decreases dangerous emissions by up to 49.5%. The company aims to revolutionize the fuel industry by providing a highly effective and affordable solution for gasoline, diesel, and biofuel.
- Market
- Fuel Additives
- Location
-
Austin,
TX,
US
- Coinvestors
- Sputnik ATX, StartEngine Capital, LLC
Links