FuelGems

Early Stage

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

Analytics

Raised to Date: Raised: $336,209

Aggregate Commitments $

Platform

StartEngine

Start Date

10/31/2022

Close Date

01/30/2023

Min. Goal

$9,999

Max. Goal

$3,604,524

Min. Investment

$248

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.34

Pre-Money Valuation

$15,000,762

Rolling Commitments $

Status

Active

Reporting Date

11/28/2022

Days Remaining

63

% of Min. Goal

3,362%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$12,007

# of Investors

186

Momentum
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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

Growth

FuelGems, with a valuation of $15 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. The company has reported a 1,600% prospective client growth over the last year and has over $70 million in revenue potential from pilots. Kirill Gichunts founded FuelGems in March 2019. The current crowdfunding campaign has a minimum target of $9,998.82 and a maximum target of $3.6 million. The campaign proceeds will be used to become the most successful fuel additive worldwide.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$433,138

$607,126

Accounts Receivable

$0

$0

Total Assets

$433,138

$626,712

Short-Term Debt

$24,030

$35,384

Long-Term Debt

$0

$0

Total Liabilities

$24,030

$35,384

Financials as of: 10/31/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
FuelGems 01/30/2023 StartEngine $15,000,762 $336,209 Equity - Common Active RegCF
FuelGems 04/29/2022 StartEngine $12,000,000 $1,395,837 Equity - Common Funded RegCF
FuelGems 11/20/2020 Wefunder $8,500,000 $791,207 SAFE Funded RegCF
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FuelGems on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,762
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