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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
$4.3B
Avg Funding
$172.6M
Global Reach
13
countries

Top Cities for Fuel

New Haven
Geneva
Calgary
Dresden
Menlo Park
Koerich

Recently Funded Companies

Export
New Haven, United States

Oxylus Energy provides new carbon utilization technology for the generation of e-fuels.

Apr 2025

Founder Contacts

30,000+ verified contacts

Geneva, United States

ClearFlame decarbonizes heavy-duty engines while reducing operating costs, to protect the future from the challenge of diesel fuel.

$30.0M raised
Mar 2023

Founder Contacts

30,000+ verified contacts

Calgary, Canada

Azure Sustainable Fuels is a fuel company that offers low carbon, sustainable aviation fuel (SAF) production facility.

$3.7M raised
Mar 2024

Founder Contacts

30,000+ verified contacts

Dresden, Germany

Sunfire is an electrolysis company that designs and manufactures systems for the production of renewable industrial gas and fuel.

$233.4M raised
Mar 2024

Founder Contacts

30,000+ verified contacts

Menlo Park, United States

HyPoint is a provider of a hydrogen fuel cell system for air transportation market.

Mar 2022

Founder Contacts

30,000+ verified contacts

Koerich, Luxembourg

CarPay-Diem allows any mobile app or connected car to activate any fuel pump and to manage the payement of the refill from inside the car.

Mar 2023

Founder Contacts

30,000+ verified contacts

Rochester, United States

Resilient, efficient Thermal Energy Storage for C&I buildings

$25K raised
Mar 2026

Founder Contacts

30,000+ verified contacts

Atlanta, United States

RevaTerra is an energy company that develops AI-based bioenergy solutions to transform biomass waste into renewable fuels.

$516K raised
Mar 2026

Founder Contacts

30,000+ verified contacts

Colleyville, United States

Weaver Global Resources is an oil and gas company that acquires and redevelops underperforming wells to restore production.

$600K raised
Mar 2023

Founder Contacts

30,000+ verified contacts

South San Francisco, United States

TeraPore Technologies is a Cornell University spinout that develops and manufactures high performance filters for protein separations.

$10.0M raised
Mar 2023

Founder Contacts

30,000+ verified contacts

Columbus, United States

pH Matter is providing commercially-viable solutions in a number of emerging markets related to catalysis, electro-catalysis.

$7.2M raised
Mar 2024

Founder Contacts

30,000+ verified contacts

Bilbao, Spain

HyFive, a vertically integrated company, plans to construct industrial-scale green hydrogen and ammonia facilities.

$30.9M raised
Feb 2024

Founder Contacts

30,000+ verified contacts

Chicago, United States

Syntholene Energy is an oil and gas company that produces and supplies synthetic fuel products.

$2.7M raised
Feb 2026

Founder Contacts

30,000+ verified contacts

Stockholm, Sweden

Solor Bioenergi is involved in the production and distribution of renewable heating, electricity, steam, biofuels, pellets, and briquettes.

$2.1B raised
Feb 2024

Founder Contacts

30,000+ verified contacts

Chuo, Japan

Galdieria is a biotechnology company providing urban mining recycling, precious metals absorbent, cleantech, and energy-related services.

$2.7M raised
Feb 2025

Founder Contacts

30,000+ verified contacts

Dallas, United States

Sunoco LP is a fuel distributor that supplies fuel to convenience stores, independent dealerships, commercial customers, and distributors.

$1.2B raised
Feb 2026

Founder Contacts

30,000+ verified contacts

Toronto, Canada

Hydrostor develops and operates long-duration energy storage systems to replace the use of fossil fuels.

Feb 2026

Founder Contacts

30,000+ verified contacts

Copenhagen, Denmark

MASH Makes' scalable pyrolysis & gasification platform has the potential to remove a gigatonne of carbon from the atmosphere by 2040

$2.2M raised
Feb 2024

Founder Contacts

30,000+ verified contacts

Edmonton, Canada

Innovative Fuel Systems is an alternative fuel systems company that allows diesel engines to utilize alternative fuels.

$2.0M raised
Feb 2023

Founder Contacts

30,000+ verified contacts

Barrow In Furness, United Kingdom

JJC Hire provide waste management services for a wide range of clients.

$1.0M raised
Feb 2024

Founder Contacts

30,000+ verified contacts

Illinois City, United States

LanzaJet is a provider and producer of Sustainable Aviation Fuel (SAF) technology, dedicated to accelerating the transition to clean energy.

$34.0M raised
Feb 2026

Founder Contacts

30,000+ verified contacts

Roma, Italy

Enilive is Eni's mobility transformation company focusing on integrated, decarbonized services and products.

$613.8M raised
Feb 2025

Founder Contacts

30,000+ verified contacts

Vienna, Austria

Holloid provides data on physical characteristics, motion, and interactions of cells and other colloids.

$2.6M raised
Feb 2025

Founder Contacts

30,000+ verified contacts

Melbourne, Australia

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

$10.0M raised
Feb 2026

Founder Contacts

30,000+ verified contacts

Amsterdam, The Netherlands

Brineworks develops direct air capture technology for various carbon dioxide applications.

$8.0M raised
Sep 2025

Founder Contacts

30,000+ verified contacts

Showing 76 to 100 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
$172.6M
Total Funding Tracked
$4.3B
Countries Represented
13

Distribution by Funding Stage

Other25 companies

Top Cities for Fuel

1.New Haven
1 companiesUndisclosed
2.Geneva
1 companies$30.0M
3.Calgary
1 companies$3.7M
4.Dresden
1 companies$233.4M
5.Menlo Park
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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165 Fuel Startups (2026) — Recently Funded Companies, Investors & Rounds | VCBacked