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Fuel Startups

Updated July 2026

Companies in the fuel sector developing innovative solutions and technologies.

Explore 165 recently funded fuel companies with verified founder contact information and fundraising data.

Total Companies
165
Total Funding
$776.1M
Avg Funding
$31.0M
Global Reach
10
countries

Top Cities for Fuel

Toronto
San Diego
Calgary
Medford
Palm Beach Gardens
New York

Recently Funded Companies

Export
Toronto, Canada

Radio Fuels Energy is a mining and exploration company that offers uranium extraction services.

$1.1M raised
Sep 2024

Founder Contacts

30,000+ verified contacts

San Diego, United States

XENDEE develops advanced software for financial & technical optimization and operation of resilient Microgrids and renewable energy systems.

Sep 2025

Founder Contacts

30,000+ verified contacts

Calgary, Canada

SixRing created a collection of patented chemical formulas, and low-energy processes for delignifying biomass to produce biofuels.

$1.4M raised
Sep 2022

Founder Contacts

30,000+ verified contacts

Medford, United States

Electrified Thermal Solutions replace fossil fuels with renewable heat in every furnace, turbine, boiler and kiln to decarbonize industry.

Sep 2025

Founder Contacts

30,000+ verified contacts

Palm Beach Gardens, United States

Blue Biofuels is a technology company that specializes in renewable energy, biofuels, and new technologies sectors

$1.1M raised
Sep 2024

Founder Contacts

30,000+ verified contacts

New York, United States

Citron Energy converts non-recyclable and non-organic waste into a usable energy source reducing the use of fossil fuels.

$600K raised
Sep 2023

Founder Contacts

30,000+ verified contacts

Charlevoix, United States

GasTechno Energy and Fuels is a CleanTech Emissions Reduction company that converts stranded gas into valuable chemicals and fuels.

$20.0M raised
Sep 2025

Founder Contacts

30,000+ verified contacts

Arvada, United States

Dakota Oil and Gas is an energy company that offers exploration, development, and production of oil and natural gas assets.

$3.6M raised
Sep 2025

Founder Contacts

30,000+ verified contacts

Milan, Italy

GASGAS is a network of recharging stations for electric vehicles.

$1.5M raised
Sep 2022

Founder Contacts

30,000+ verified contacts

Santiago, Chile

HIF Global is an eFuel company engaged in the production of carbon-neutral fuels.

$20.0M raised
Sep 2024

Founder Contacts

30,000+ verified contacts

Chalk River, Canada

Fusion Fuel Cycles is a provider of fuel cycle technologies that supplies end-to-end solutions to deliver performance-driven fuel cycle.

$14.5M raised
Sep 2025

Founder Contacts

30,000+ verified contacts

Høvik, Norway

Hynion is a hydrogen fuel company that offers to sell hydrogen fuel through hydrogen stations.

$1.8M raised
Sep 2024

Founder Contacts

30,000+ verified contacts

Houston, United States

Trillion is green fuel development & production company located in Houston Texas.

$525K raised
Sep 2022

Founder Contacts

30,000+ verified contacts

Clarksdale, United States

Mid America Horizon is an oil and gas company that offers helium exploration services.

$940K raised
Sep 2023

Founder Contacts

30,000+ verified contacts

Alcobendas, Spain

Green Bunkers provides a digital bunkering platform linking shipowners with fuel suppliers and carbon tools.

$5.9M raised
Sep 2025

Founder Contacts

30,000+ verified contacts

Lausanne, Switzerland

INERGIO is a reliable power power supply yet is a challenge to off-grid systems.

Sep 2025

Founder Contacts

30,000+ verified contacts

Jurmala, Latvia

Digas designs a game changing product for high horsepower diesel engine applications.

Sep 2022

Founder Contacts

30,000+ verified contacts

Bergen, Norway

Cleantech company providing a marketplace and platform for cleaner transport fuels

$400K raised
Sep 2021

Founder Contacts

30,000+ verified contacts

Auburn Hills, United States

PHINIA specializes in developing fuel injection equipment solution, gasoline direct injection systems, and electrical systems.

$450.0M raised
Sep 2024

Founder Contacts

30,000+ verified contacts

Oslo, Norway

BW Energy is a growth-focused oil and gas company involved in the acquisition, development and production of oil and natural gas fields.

$250.0M raised
Aug 2025

Founder Contacts

30,000+ verified contacts

Los Angeles, United States

Lookin develops terahertz scanners for high-throughput and high-sensitivity material characterization and quality control.

$1.1M raised
Aug 2024

Founder Contacts

30,000+ verified contacts

Modena, Italy

EnerMia provides services and charging systems for electric vehicles in the electric mobility sector.

$250K raised
Aug 2021

Founder Contacts

30,000+ verified contacts

Kowloon City, Hong Kong

CBL International is a marine fuel logistics company that provides vessel refueling services.

$1.4M raised
Aug 2024

Founder Contacts

30,000+ verified contacts

Koganei, Japan

Aero Develop is a tech-driven company specializing in developing and selling advanced power systems for long-distance and heavy-load drones.

Aug 2021

Founder Contacts

30,000+ verified contacts

Los Angeles, United States

Changing the way the world moves with zero carbon-intensity fuel-grade blue hydrogen for transportation & zero-carbon electricity

Aug 2024

Founder Contacts

30,000+ verified contacts

Showing 1 to 25 of 165 companies

About the Fuel Startup Ecosystem

The fuel sector is an active area of startup innovation and venture capital investment. Companies in this space are developing new technologies, platforms, and services that address evolving market needs and create new business opportunities.

Funding Trends in Fuel

Fuel companies raise capital across various funding stages, from early seed rounds to late-stage growth financing. Investor interest in this sector is driven by the size of the addressable market, the pace of technology adoption, and the potential for scalable business models.

Growth Outlook

The fuel sector is expected to continue evolving as technology advances, market dynamics shift, and new opportunities emerge. Companies that demonstrate strong product-market fit, efficient growth, and clear competitive advantages are well-positioned to attract continued investment.

Fuel Funding Breakdown

Here is how funding is distributed among the 165 fuel companies tracked in the VCBacked database.

Average Funding
$31.0M
Total Funding Tracked
$776.1M
Countries Represented
10

Distribution by Funding Stage

Other25 companies

Top Cities for Fuel

1.Los Angeles
2 companies$1.1M
2.Toronto
1 companies$1.1M
3.San Diego
1 companiesUndisclosed
4.Calgary
1 companies$1.4M
5.Medford
1 companiesUndisclosed

Related Industries

Companies in the fuel sector often overlap with or complement businesses in adjacent industries. Exploring related verticals can help you discover additional companies, identify partnership opportunities, and understand the broader competitive landscape.

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