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Fuel Startups

Updated October 2026

Companies in the fuel sector developing innovative solutions and technologies.

Explore 179 recently funded fuel companies with verified founder contact information and fundraising data.

Total Companies
179
Total Funding
$828.0M
Avg Funding
$33.1M
Global Reach
9
countries

Top Cities for Fuel

Auburn Hills
Oslo
Southborough
Los Angeles
Modena
Kowloon City

Recently Funded Companies

Export
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

41,000+ 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

41,000+ verified contacts

Southborough, United States

Teragen Energy develops regenerative fuel cell systems that provide both power generation and energy storage.

$6.0M raised
Aug 2026

Founder Contacts

41,000+ 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

41,000+ verified contacts

Modena, Italy

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

$250K raised
Aug 2021

Founder Contacts

41,000+ 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

41,000+ 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

41,000+ verified contacts

Washington, United States

CURIO is a nuclear technology company that develops NuCycle systems to recycle nuclear waste into clean energy.

$2.5M raised
Aug 2026

Founder Contacts

41,000+ 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

41,000+ verified contacts

Singapore, Singapore

SunGreenH2 is a deep cleantech company making electrolysers produce 2x green hydrogen using 30x lower precious metals and 10% lower energy.

Jul 2025

Founder Contacts

41,000+ verified contacts

Washington, United States

DG Fuels focuses on the production of synthetic jet fuel then later synthetic diesel fuel.

Jul 2023

Founder Contacts

41,000+ verified contacts

Palm Springs, United States

ZEV Station provides 100% renewable-powered, electric charging, and hydrogen fueling stations.

$5.1M raised
Jul 2022

Founder Contacts

41,000+ verified contacts

Seattle, United States

Pacific Northwest Hydrogen Association aims to enhance lives by establishing a clean hydrogen ecosystem throughout the Pacific Northwest.

$27.5M raised
Jul 2024

Founder Contacts

41,000+ verified contacts

Calgary, Canada

Revolutionizing bitumen recovery with biomass-derived solvents produced from forestry and agricultural biomass.

$3.4M raised
Jul 2025

Founder Contacts

41,000+ verified contacts

Melbourne, Australia

Hydrogen assisted molecular recycling (HAMR) allows waste to be converted into chemicals for building products and fuels.

$22.4M raised
Jul 2026

Founder Contacts

41,000+ verified contacts

Singapore, Singapore

Uni-Fuels Holdings supplies fuel solutions for marine shipping companies across all markets.

$3.0M raised
Jul 2025

Founder Contacts

41,000+ verified contacts

Cleveland, United States

Specter Aerospace is a developer of integrated technology packages.

Jul 2024

Founder Contacts

41,000+ verified contacts

Oslo, Norway

Knox Energy Solutions AS providing hydrogen fueling solutions for the maritime sector.

$500K raised
Jul 2024

Founder Contacts

41,000+ verified contacts

Buffalo, United States

APX Energy is an independent oil and gas exploration company that specializes in private placements.

$19.0M raised
Jul 2021

Founder Contacts

41,000+ verified contacts

Berkeley, United States

Power‑Plant‑in‑a‑Box for EV, Data Centers | Green Energy Everywhere

$2.9M raised
Jul 2024

Founder Contacts

41,000+ verified contacts

Ashburn, United States

Independence Hydrogen is a veteran-owned and operated supplier of gaseous hydrogen solutions.

Jul 2025

Founder Contacts

41,000+ verified contacts

Melbourne, Australia

Padthaway Resources is an Aboriginal-owned fuel logistics and distribution company.

$4.5M raised
Jun 2026

Founder Contacts

41,000+ verified contacts

Grenoble, France

BeFC Bioenzymatic Fuel Cells provide eco-friendly paper-based bio-enzymatic fuel cells for sustainable energy generation.

$17.3M raised
Jun 2023

Founder Contacts

41,000+ verified contacts

Calgary, Canada

Touchstone Exploration is an upstream oil and gas company focused on exploration and development of its oil and gas properties.

$10.9M raised
Jun 2026

Founder Contacts

41,000+ verified contacts

Sheridan, United States

General Helium is an oil and gas company that offers helium production services.

$325K raised
Jun 2025

Founder Contacts

41,000+ verified contacts

Showing 26 to 50 of 179 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 179 fuel companies tracked in the VCBacked database.

Average Funding
$33.1M
Total Funding Tracked
$828.0M
Countries Represented
9

Distribution by Funding Stage

Other25 companies

Top Cities for Fuel

1.Oslo
2 companies$250.5M
2.Los Angeles
2 companies$1.1M
3.Washington
2 companies$2.5M
4.Singapore
2 companies$3.0M
5.Calgary
2 companies$14.3M

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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