Founding Year2019TractionFuelGems 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$70,000,000Organizations InvolvedSputnik ATX, StartEngine Capital, LLCFoundersKirill Gichunts, Yaroslav Bereznitskiy, Jacek JasinskiMarketFuel AdditivesLocationAustin, TX, USCoinvestorsSputnik ATX, StartEngine Capital, LLC 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.