FuelGems

Early Stage

A revolutionary fuel additive which makes fuel much cleaner and more efficient

Analytics

Raised to Date: Raised: $461,696

Aggregate Commitments $

Platform

StartEngine

Start Date

07/26/2021

Close Date

01/19/2022

Min. Goal

$9,998

Max. Goal

$3,929,995

Min. Investment

$248

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$12,000,000

Rolling Commitments $

Status

Active

Reporting Date

09/18/2021

Days Remaining

123

% of Min. Goal

4,618%

% of Max. Goal

12%

Likelihood of Max
unlikely
Avg. Daily Raise

$8,550

Momentum
cool
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Location

Austin, Texas

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

High Growth

FuelGems, with a pre-money valuation of $20 million, is raising funds on StartEngine. The company has developed a fuel additive that improves the cleanliness and performance of diesel, gasoline, and biofuel. The additives of FuelGems are highly effective and affordable and generate up to 1,000% ROI for users. Kirill Gichunts founded FuelGems in March 2019. The current crowdfunding round has a minimum target of $9,998.04 and a maximum target of $3,929,995.32. The funds will be used for laboratory and hardware, primary payroll, lean marketing, and manufacturing facility. FuelGems has a client pipeline of multi-billion companies, including BP, Suncor Energy, and Marubeni. The additive is expected to revolutionize the fuel industry by decreasing emissions, increasing lubrication, and saving fuel.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-125,273

$-47,301

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$607,126

$24,026

Accounts Receivable

$0

$0

Total Assets

$626,712

$27,699

Short-Term Debt

$35,384

$0

Long-Term Debt

$688,902

$0

Total Liabilities

$724,286

$0

Financials as of: 07/26/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
FuelGems 01/19/2022 StartEngine $12,000,000 $461,696 Equity - Common Active RegCF
FuelGems 11/20/2020 Wefunder $8,500,000 $791,207 SAFE Funded RegCF
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