Booster Fuels operates a mobile gas service that delivers fuel directly to fleet and consumer vehicles in parking lots, serving more than 500 fleets including Amazon, UPS and Imperfect Foods. Founded in 2015, the company began by partnering with employers to fuel employee vehicles in private corporate lots and later expanded into fueling large logistics carriers and their contractors. Booster offers renewable diesel and last year rolled out on-demand electric vehicle charging; the company says customers typically see 4–8% reductions in fuel consumption by eliminating unnecessary trips and fuel theft. Its revenue grew 125% year‑over‑year in Q1, and the company employs more than 400 people. Booster maintains a consumer business in addition to its fleet operations, and CEO Frank Mycroft said rising fuel prices and energy concerns have helped accelerate customer conversion to renewables. Booster operates an on-demand mobile fueling service using high-tech purple mini fuel tankers and service professionals to deliver gas and diesel directly to personal cars and fleets. The company runs a proprietary FuelOS platform with sophisticated routing and has become a 24/7 fleet and consumer service in more than 20 cities, serving tens of thousands of customers and completing over 2 million deliveries. Booster has expanded into fleet fueling with customers including Stanley Steemer, Two Men and a Truck, Hardin Honda, and Traffic Management Inc., and is used by Fortune 100 employers in its markets. The company highlights environmental benefits — it says it has prevented over 2.32 million pounds of carbon release and a May 2019 ALG study found a 26% reduction in VOC emissions versus retail gas stations. Booster plans to expand into the Pacific Northwest and the East Coast to unlock new markets and modernize fueling infrastructure. The company has raised capital to support that growth, with total funding now at $88.5 million. Booster operates an app-based mobile fueling service that schedules gas truck visits to office parking lots, commuter campuses and other private communities so employees can have their cars filled while at work. Customers sign up in the app, schedule a fill-up, leave the gas cap open, and pay Booster directly; the company says it often charges about ten cents per gallon less than station prices. Booster has secured partnerships with employers including Cisco, Oracle and Facebook and is focused on private communities rather than servicing the general public. The company positions the service as more convenient, safer and more sustainable than traditional refueling, and aims to modernize the gasoline habit for the 21st century. Financially, Booster has raised a $20 million Series B and $32 million in total funding to date. Company leadership and investors cite distribution efficiency, regulatory expertise and technology innovation as competitive advantages. Booster Fuels partners with large employers to offer on-demand fuel service on corporate campuses through a mobile app; employees request a fillup, leave the gas cap open, and return to a filled tank. The company operates drivers who are commercial, background-checked, and handle Regular and Premium Unleaded fuel. Booster purchases fuel wholesale and says its prices are competitive with, and often lower than, local gas stations. Booster has expanded beyond its home state of Texas into California, where it began working with Chegg. At Chegg, 65 percent of employees regularly use Booster and the service filled 100 cars on its busiest day. The company aims to eliminate the need to visit gas stations for a large share of drivers and improve employee quality of life on car-dependent campuses. Booster Fuels is a Seattle-based startup operating in the transportation industry and led by CEO and co-founder Frank Mycroft, formerly VP of Strategy at Planetary Resources. The company is secretive about its product, saying only that it has a “very massive vision that will positively impact the globe.” GeekWire uncovered the firm's $3.1M funding through an SEC filing, and Mycroft confirmed the investment. Investors include Madrona Venture Group, Planetary Resources co-founder Eric Anderson, and other angel backers. Corporate records list Anderson as chairman and Madrona’s Matt McIlwain as a director. The startup has a “handful of employees” and a bare-bones website with only a logo and a sign-up form.

Total raised

$213M

Funding rounds

5

Latest round

Series D

Latest activity

May 2022