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Mobile gas delivery service

USA, California
Market: Logistics and warehouses, Transport, Services, Franchising, Mobile applications
Stage of the project: Operating business

Date of last change: 11/17/2019
Min investment
$  500.000
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Total required
$ 2.500.000
Rating
equalizer 290 из 1000
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Idea

Fueltime is a mobile gas station that delivers cheaper gasoline to employees and companies via the app.

We have 6+ years of experience and a big network within Oil&Gas industry in Silicon Valley.
The founders had several businesses before, 7 people in a company and make >$15.000/ month in revenue and grow.

Current Status

We already in operations and grow.
Fueltime has >7 B2B companies and >170 B2C leads.
>$15.000 in revenue in November.

If we will not raise the money we will achieve a payback point within 6 months, but we want to grow fast.

Now we deliver only regular gasoline to B2C and B2B, but many B2B companies ask us about diesel and we're also planning to deliver jet fuel to airplanes in the long term.

Most companies don't think about these solutions because their customers are gas stations, but we can take gasoline directly from Fuel storage by reducing the cost of fuel and construction expenses.

Market

Oil&Gas market is one of the biggest and oldest in the U.S. - $400.000 billion markets.
More than >25M vehicles on the California's roads and there are a hundred thousand B2B businesses with fleets.

Problem or Opportunity

Right now each driver goes to the gas station and overpays for gasoline.
It worked for more than 100 years and now we change the way to fill up a car.

Solution (product or service)

Fueltime cuts the supply chain and delivers cheaper gasoline via the app directly to people and companies to their tank, also provide wiping windshield and pumping up tires.

Competitors

Boosterfuels.com - $56M a few months ago ( $88.6M total )
Filld.com ( $27.9M total )
Startyoshi.com - ( >$25M total )

Advantages or differentiators

- We deliver gasoline in a different area
- Cheaper price than local gas stations and competitors ( For our business it's the most important criteria / Several companies already changed our competitors to us)

Business model

Old System:
Fuel Storage --> Gas Delivery company (Big truck) --> Gas Station <-- B2C & B2C customers

Fueltime:
Fuel Storage --> B2C&B2B Customers
+ Delivery cost + Additional Service.

Money will be spent on

- Hire the main people ( CFO, VP of Marketing, Legal Counsel ... )
- Sales and Marketing
- Drivers
- Rent vehicles + fuel system

Offer for investor

We are open to negotiating about terms and valuation.
$2.5M equity Seed Round.

Risks

American Infrastructure made for vehicles.

If all companies stop to produce a combustion engine Fueltime will have 20+ years to deliver gasoline, but within 7-10 years we will deliver gasoline to airplanes. For that time we will be a billion-dollar company and can bring any new technologies to the market.
Only 1 car from 250 vehicles in the world is electric.

We are engineers and already created ideas as Charge EV via the app. We also thinking about new solutions.
It's super important for us to understand it.

Incubation/Acceleration programs accomplishment

Founder Institute
Starta Accelerator

Photos

Photo 1 - Mobile gas delivery service
Photo 2 - Mobile gas delivery service
Photo 3 - Mobile gas delivery service

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address