FuelGems (2023)
About this raise
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.
Investment Overview
Invested : $180,076
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 10/31/2022
- Close Date
- 02/18/2023
$9,999
$3,604,524
$248
Equity - Common
Early Stage
RegCF
$2.34
$15,000,762
Company & Team
Company
- Year Founded
- 2019
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,901,942
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/26/2025 | Republic | $17,500,000 | $960,362 | SAFE | Active | RegCF |
| 02/18/2023 | StartEngine | $15,000,762 | $180,076 | Equity - Common | Funded | RegCF |
| 04/29/2022 | StartEngine | $12,000,000 | $1,395,837 | Equity - Common | Funded | RegCF |
| 11/20/2020 | Wefunder | $8,500,000 | $791,207 | SAFE | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.