FuelGems

Neutral
BETA

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

Analytics

Raised to Date: $791,207

Aggregate Commitments $
Platform

Wefunder

Start Date

09/04/2020

Close Date

11/20/2020

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,500,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

11/30/2020

Days Remaining
Funded
% of Min. Goal

791%

% of Max. Goal

74%

Likelihood of Max
Funded
Avg. Daily Raise

$10,275

# of Investors

1,149

Momentum
Funded
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 valuation cap of $8.5 million, is raising funds on Wefunder. 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 $100,000 and a maximum target of $1,070,000. 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

$-47,175

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$24,025

$909

Accounts Receivable

$0

$0

Total Assets

$27,825

$27,825

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 11/19/2020

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