Propel Fuels logo — See you at the pump.

Propel Fuels

See you at the pump.

Founded 2004 United States Sacramento, United States 20 employees Series D Total: $63.69M Energy, Renewable Energy +2

General Information

Company Name Propel Fuels
Founded Year 2004
Location United States Sacramento, United States
Employees 20
Industries Energy, Renewable Energy, Clean Energy +1
Funding Stage Series D
Business Model B2C, B2B, Platform
Revenue Model Product Sales, Pay As You Go, Tiered Pricing
Social

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About Propel Fuels

Propel Fuels, founded in 2004 and headquartered in the United States, is at the forefront of transforming the energy landscape with a notable presence in Energy, Renewable Energy, Clean Energy, and Oil and Gas industries.

With its mission-driven approach, Propel is connecting consumers to cleaner fuels, pioneering in the realm of clean fuel retail. Its innovation in retail technology and customer experience sets it apart, notably through its development of CleanDrive®, the nation’s first platform for tracking carbon emission reductions. Propel’s location span in California specializes in offering Flex Fuel and advanced diesel options, emphasizing higher performance and community health benefits.

The company secured its last known $11.00 million Series D funding round in December 2012, with investments from distinguished partners like @Ventures, Nth Power, Accord Equipment Finance, and Craton Equity Partners. Propel aims to continue its leadership in clean energy, promising "See you at the pump."

Business keywords: Clean Fuel Retail, Renewable Fuels, Carbon Emission Reduction, Renewable Fuels Infrastructure, Clean Technology, Fueling Innovation, CleanDrive Platform, Flex Fuel, Advanced Diesel, High Performance Fuels, Environmentally Friendly, Clean Energy Solutions, Fueling Change, Fueling Convenience, Sustainable Transportation

Services & Products

Alternative Fuel Supply
Wholesale Fuel Distribution
Fleet and Commercial Fuel Services
Mobile App for Fuel Price Updates and Station Locator
Customer Support
Vehicle Compatibility Check
Promotional Campaigns and Deals

Target Customers

Individual Drivers Fleet Managers Commercial Transportation Companies Motor Racing Enthusiasts Environmentally Conscious Consumers Law Enforcement Programs

Funding Rounds & Investors (11)

View All
Funding Stage Amount Investors Lead Investors Date
Series D $11.00M 4
@Ventures, Nth Power +2
11 Dec 2012
Grant $10.10M 1
California Energy Commission
01 Jun 2012
Series C $400.00K 2
Nth Power, Craton Equity Partners
01 Apr 2012
Grant $1.00M 1
California Energy Commission
27 Aug 2010
Grant $10.90M 2
California Energy Commission, US Department of Energy
15 Mar 2010
Series B $12.00M 3
@Ventures, Nth Power +1
10 Feb 2010
Debt Financing $8.00M 1
Hercules Capital
10 Feb 2010
Grant $750.00K 1
Sacramento AQMD
15 Jun 2008
Series A $4.79M 2
@Ventures, Nth Power
29 Aug 2007
Debt Financing $4.00M 1
Comerica Incorporated
24 Aug 2007

View All 11 Funding Rounds

Propel Fuels Alternatives & Competitors

View All Alternatives
Propel Fuels vs
CleanJoule
CleanJoule United States

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27 employees
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Propel Fuels vs

We offer customers advanced hydrogen fueling solutions for the innovative vehicles of the future pow...

Grant
Renewable Energy, Retail
Propel Fuels vs

Fuel for a better world

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FAQ About Propel Fuels

See you at the pump.
Propel Fuels was founded in 2004.
Propel Fuels is headquartered in Sacramento, United States.
Propel Fuels operates in Energy, Renewable Energy, Clean Energy and Oil and Gas. Its work centres on Clean Fuel Retail, Renewable Fuels, Carbon Emission Reduction and Renewable Fuels Infrastructure. Its customers include Individual Drivers, Fleet Managers and Commercial Transportation Companies.
Propel Fuels has a B2C, B2B and Platform business model. Its revenue comes from Product Sales, Pay As You Go and Tiered Pricing.
Propel Fuels has approximately 20 employees.
Propel Fuels has completed 11 funding rounds, raising a total of $63.69M. The latest funding stage is Series D.
Propel Fuels offers: Alternative Fuel Supply, Wholesale Fuel Distribution, Fleet and Commercial Fuel Services, Mobile App for Fuel Price Updates and Station Locator, Customer Support, Vehicle Compatibility Check, Promotional Campaigns and Deals.
Top alternatives and competitors to Propel Fuels include CleanJoule, FirstElement Fuel, Eco-Oil Group, Cielo Waste Solutions Corp., Freedom CNG. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Propel Fuels and CleanJoule are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Propel Fuels, https://bouncewatch.com/company/propel-fuels, updated 18 July 2026. When citing, please name BounceWatch and link this page.

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