FuelGems
A revolutionary fuel additive which makes fuel much cleaner and more efficient
Analytics
Raised to Date: $791,207
Aggregate Commitments $
Wefunder
09/04/2020
11/20/2020
$100,000
$1,070,000
$100
SAFE
RegCF
Seed
$8,500,000
20%
Weekly Commitments $
11/30/2020
791%
74%
$10,275
1,149
Austin, Texas
Transportation, Automotive, Aviation, & Aerospace
Cleantech
B2B/B2C
Medium
High
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
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