Booster Fuels
| Company type | Private |
|---|---|
| Industry | Fuel delivery, Mobile refueling service |
| Founded | 2015 |
| Founder | Frank Mycroft, Diego Netto, Tyler Raugh |
| Headquarters | San Mateo , United States |
Area served | San Francisco Bay Area, Dallas-Fort Worth, Seattle, Washington D.C., Maryland |
| Products | Gasoline delivery and refueling service |
Booster Fuels, headquartered in San Mateo, California, provides a mobile app-driven service that delivers and refuels gasoline directly at workplace parking areas. The company collaborates with campus-centric corporations, commercial property owners, universities, and fleet operators, catering to tens of thousands of daily commuters across more than 300 organizations such as Cisco, Oracle, eBay, Pepsico, and Facebook.
History
Established in 2015 by Frank Mycroft, Diego Netto, and Tyler Raugh, Booster Fuels distributed upwards of 3 million gallons of gasoline within its initial 18 months, serving regions including the San Francisco Bay Area and Dallas-Fort Worth. By late 2020, the company had broadened its reach to additional locations like Seattle, Washington D.C., and Maryland.
Business
The company operates distinctive purple fuel trucks that deliver gasoline straight to fleet vehicles, office complexes, and commercial parking lots. Clients—ranging from fleet managers to individual users—purchase fuel through contractual agreements or via a dedicated mobile application. Booster Fuels complies with municipal regulations by obtaining permits tailored to each city where it provides services.
Funding
In 2015, Booster Fuels attracted $3.1 million in venture funding. The following year, it secured $9 million during a Series A financing round led by Maveron, Madrona Venture Group, Version One Ventures, and RRE Ventures. By August 2017, the firm had raised $20 million in an investment round spearheaded by Conversion Capital. Its Series C funding in 2019 contributed an additional $55 million to its capital base.