Piston (Seed)
Funding Details
Awarder
Inbox
Date Award
June 10, 2025
Vertical
Payments
Funding URL
View Funding Page
Funding Amount
$7,500,000
Company Info
Traction
Piston is currently used by over 120 fleet operators across 800 gas stations, processing more than USD 20 million in annualized transaction volume with month-on-month volume growth of 50 percent.
Revenue Amount
$20,000,000
Founders
Vikram Sekhon, Shivam Shah
Market
Commercial Fleet Fuel Transactions
Location
Cupertino, California, United States
Coinvestors
Spark Capital, Pear VC, BOND
Company Description

Piston is a payments platform designed for commercial fleet fuel transactions, operating a cardless fuel payment system that allows fleet drivers to pay at gas stations using app-generated QR codes. The system improves traceability and reduces fraud by tying each transaction to specific data points such as vehicle ID, location, fuel type, and time.

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