Propel Fuels

company

About

Propel Fuels is a commercial fuel provider that has a mobile application with a list of their locations.

  • 11 - 50

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$8M
Industries
Clean Energy,Energy,Fuel,Renewable Energy
Founded date
Jun 1, 2004
Number Of Employee
11 - 50
Operating Status
Active

Rob Elam and Michael Kudriavtseff founded Propel Fuels in Seattle WA,
in 2004.

Fueling change means empowering drivers with a way to make clean, American-made fuels a part of our daily lives. The American consumer has waited too long for a better fueling option, one that positively affects our economy, and our environment.

Propel builds, owns and operates a growing network of clean fueling points. Our goal is to provide you with easy access to high quality clean fuels, and quantify the positive impact of your fuel choice. Propel CleanDrive shows the difference you make when you choose renewable fuels instead of petroleum. And weâ€:tm:re building clean fuel points both at traditional gas stations, and in new locations convenient to you.

Together, we can change what we put in our tanks, protect our environment, and break free from imported oil.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$18.90M
Propel Fuels has raised a total of $18.90M in funding over 2 rounds. Their latest funding was raised on Mar 15, 2010 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 15, 2010 Grant $10.90M 1 Detail
Feb 10, 2010 Debt Financing $8M 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
Propel Fuels is funded by 2 investors. US Department of Energy and Hercules Capital are the most recent investors.
Investor Name Lead Investor Funding Round
US Department of Energy Grant
Hercules Capital Debt Financing