FuelGems

A Revolutionary Fuel Additive

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Company Information

Website:

https://fuelgems.com/

Sector:

Energy Efficiency

Location:

Austin, TX

FuelGems has developed a revolutionary fuel additive.

This additive decreases emissions and increases engine lubrication. It also reduces fuel consumption by nearly ten percent. Just five grams of this additive can treat 260 gallons of fuel — competing additives require as much as 20,000x more material to treat the same amount — and it’s capable of treating gasoline, diesel, and biofuel.

Some of the biggest fuel companies in the world are currently engaged in pilot tests with FuelGems’s additive. These include BP (NYSE: BP), Suncor Energy (NYSE: SU), and Orlen (a European gas company). And these companies represent seventy million dollars’ worth of potential revenue for FuelGems.

FuelGems is now ready to sell its additive to small- and medium-sized businesses across the U.S. and Europe, and license its creation to corporations and governments.

Globally, fuel is a three-and-a-half trillion-dollar market. Sure, electric vehicles are considered the wave of the future. But by 2050, diesel and gasoline will still power almost sixty percent of all vehicles.

Furthermore, even if the current fuel market shrinks by seventy percent over the next thirty years, that still leaves a trillion-dollar market with massive demand for gasoline, diesel, and bio-fuel — not just to power vehicles, but trains, ships, planes, and generators.

Simply put, the opportunity for FuelGems’s additive is enormous and it’s not going away.

Today’s fuel has several problems. For one, it creates harmful emissions. For another, it’s become more corrosive over the years, and more damaging to vehicles and machines.

Fuel is also expensive, a cost that companies and individual drivers try to minimize. Meanwhile, existing fuel additives are largely chemical-heavy, creating even more problems with respect to emissions and expense.

FuelGems’ additive is a century-long breakthrough in the fuel industry. Here’s how:

• Decreased Emissions: It decreases unburnt hydrocarbons by nearly fifty percent, and decreases carbon dioxide by nearly ten percent. It also reduces particulate pollution and soot.

• Increased Lubrication: This additive increases the life of both the engine and fuel pump.

• Saves Fuel: Drivers will notice up to a ten-percent improvement in their fuel efficiency.

• Versatile: It can treat gasoline, diesel, and biofuel.

• Tiny Amount Needed: Just five grams can enhance 260 gallons of fuel.

Notably, FuelGems markets its additive for customers ranging from gas-station operators to refineries to individual drivers.

Gas stations just need to add it to a large fuel-storage tank. Refineries simply add it during the refining process. And drivers can add it to their fuel tank while filling up.

For a small gas-station operator with 500 filling stations, FuelGems can bring in twelve million dollars in annual revenue. A single refinery can generate twenty-seven million dollars in revenue for the company. With 220,000 gas stations and 220 refineries across the U.S. and Europe, this represents more than six billion dollars in potential annual revenue.

FuelGems is backed by Sputnik ATX, a venture-capital fund. Notable angel investors include those with experience at Shell, GE, Apple, IBM, and Amazon.

The company has patents filed in more than forty countries and recently created a manufacturing/mixing facility for targeting U.S. and European customers.

Team Background

Jacek Jasinski - Nanotechnology Scientist

Jacek has an extensive background in the energy research field.

He began his career as a faculty member at Warsaw University, where he taught physics. After that, he became a post-graduate researcher, and later a research scientist, at the University of California, Merced.

Most recently, Jacek spent 12 years as a team leader with the Materials Characterization Group at the Conn Center for Renewable Energy Research. While there, he studied the relationships between the structure, chemistry, and physical properties of various technological materials.

He earned a Master’s degree and Ph.D. in Physics from the University of Warsaw.

Timothy Rose - Automotive Engineer

Timothy is a materials scientist with more than 20 years of experience. His areas of expertise include biofuel process equipment design and manufacturing, and biodiesel chemistry.

He began as a production technician with Goodfellow Cambridge Limited, a chemical supply company. From there, he spent three years as a researcher with British Gas, a utilities company. While there, he conducted research into combined heat and power systems, and performed analysis on various mechanical components.

Notably, he spent 22 years at Cranfield University, serving as a research fellow, and later a senior research fellow, in the school’s Materials Engineering department. During his time there, he focused on surface chemistry and materials science with the goal of producing renewable liquid fuels.

Timothy holds a Bachelor’s degree in Materials Engineering from Coventry University and a Ph.D. in Surface Science and Engineering from Cranfield University.

Irina Nazarova - Scientist

Irina is an electrical engineer who has worked at various research centers throughout her career. She’s received four awards for scientific achievements and authored 35 publications.

She holds a Ph.D. in Engineering Sciences from Kyiv Polytechnic Institute.

Dima Vynnichenko - Scientist

Dima was a research scientist at the National Academy of Sciences of Ukraine, where he also earned his Ph.D. in Engineering Sciences.

While there, he earned multiple awards, including an award from the Government of Ukraine. He also authored nearly 70 publications.

Kirill Gichunts - CEO

Kirill has guided over 15 startups throughout his career, and achieved two successful exits.

Most recently, he was Co-Founder & CEO of H2 Energy Renaissance, an energy company using nanotechnology to produce hydrogen. Prior to that, he was a managing partner with Eastlabs, a venture-capital fund.

He gained earlier financial experience as Director of M&A with KBC Securities, an investment banking company. Before that, he was an investment banker with Raiffeisen Investment AG, and a senior associate with Deloitte, a management consulting company.

Prior to this, Kirill was a founding member at inFreeDA, a communications company acquired by AT&T. Before that, he was an investment analyst with Global Asset Capital, and began his career as a strategy consultant with United Airlines.

He studied Business and Political Economics at the University of California, Berkeley.

Co-Investors

Sputnik ATX

A VC fund investing in early-stage startups.

Raising
$3.60 million
Committed
$155K (4%)
Current Valuation
$15 million
Min. Investment
$248
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $50K
    2019-09-01
    Unknown
    (Priced Round)
  • $878K
    2020-11-26
    Unknown
    (Equity Crowdfunding)
Notable Investors
  • Sputnik ATX
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