World CNG specializes in aftermarket conversion of light- and medium-duty passenger and cargo vehicles to run on compressed natural gas, focusing primarily on public and private fleets, transit and paratransit groups. The company builds and distributes proprietary conversion kits and parts and operates company-owned conversion facilities and authorized installers across multiple U.S. markets. World CNG has converted more than a thousand cars, vans and trucks, including over 200 Seattle-area taxis and airport shuttles; each converted vehicle displaces roughly 4,000 gallons of petroleum per year. The firm emphasizes cost savings and emissions reductions for fleet operators, citing roughly $2 per gallon equivalent savings in many markets and about 30% lower emissions than gasoline or diesel. Founded in 2008 and based in Kent, Wash., the company projects annual revenue to nearly triple between 2011 and 2013. World CNG plans to expand market presence and continue R&D to lower conversion costs and broaden adoption.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2013