Propel
Latest round
- Series D
Last raised
- Dec 2012
Total raised
- $28M
Investors
- 4
About Propel
Propel, Inc.Founded by Michael Kudriavtseff and Rob Elam, Propel, Inc. operates out of Redwood City, US. The company specializes in renewable fuel production and has undergone shifts in business strategy over time.Propel Fuels specializes in the production and distribution of renewable fuels, focusing on Flex Fuel E85, a high-performance ethanol-blended fuel, and Diesel HPR, a renewable diesel product. Flex Fuel E85 is aimed at vehicles that can utilize higher ethanol content, offering a sustainable alternative to traditional gasoline and reducing greenhouse gas emissions. Diesel HPR delivers a cleaner-burning solution for diesel engines, appealing to users who prioritize lower emissions.Propel Fuels generates revenue through direct sales of its renewable fuel products, primarily Flex Fuel E85 and Diesel HPR, to a wide customer base, including individual consumers and businesses. The company has partnered with numerous retail stations for seamless access to its fuel offerings, where transactions typically occur on a pay-per-fill basis. Customers can check real-time fuel prices and availability via the Propel mobile app.Propel, Inc. aims to enhance its product lineup with upcoming launches of new renewable fuel alternatives. The company is focused on expanding its market presence beyond the West Coast, targeting additional regions across the United States and Canada by the end of 2023.00 mn will support these growth initiatives, including investments in infrastructure and marketing to enhance visibility and accessibility of its fuel products.
Who invested in Propel
4 investors across 3 rounds
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Questions about Propel
Who invested in Propel?
Propel has 4 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Propel raised?
Propel has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Propel last raise money?
Propel's most recent round on record is a Series D, in Dec 2012.
What does Propel do?
Propel is a renewable energy company.
Where is Propel headquartered?
Propel is headquartered in Redwood City, US.
Which VCs invest in companies like Propel?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back renewable energy companies at Propel's stage. Their profiles are linked below.
VCs backing renewable energy startups at Series D
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