What is Booster?
Founded in 2015 and headquartered in San Mateo, California, Booster Fuels has pioneered a cleaner fuel delivery service, bringing energy directly from source to vehicle. The company's innovative model aims to streamline the refueling process, offering convenience and efficiency to its customers. This strategic approach to energy logistics has positioned Booster as a notable player in the evolving energy delivery landscape.
How much funding has Booster raised?
Booster has raised a total of $210M across 4 funding rounds:
Series A
$9M
Series B
$20M
Series C
$56M
Series D
$125M
Series A (2016): $9M with participation from RRE Ventures, Madrona Venture Group, Maveron, and Version One Ventures
Series B (2017): $20M led by RRE Ventures, StartX (Stanford-StartX Fund), and Version One Ventures
Series C (2019): $56M supported by TotalEnergies Ventures, Vulcan, and Perot Jain
Series D (2022): $125M featuring Rose Park Advisors, Chaac Ventures, Equinor Ventures, Mitsubishi Corporation, and Thayer Ventures
Key Investors in Booster
Rose Park Advisors
Rose Park Advisors is an investment firm that leverages insights from Disruptive Innovation theory to drive successful outcomes for investors and entrepreneurs. The company focuses on understanding the dynamics of businesses and markets to identify high-potential opportunities.
Chaac Ventures
Chaac Ventures is a seed and early stage venture capital firm that focuses on the Princeton tech and founder ecosystem. The firm aims to leverage this global network to support the growth of innovative companies.
Mitsubishi Corporation
Mitsubishi Corporation is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business.
What's next for Booster?
With the recent infusion of $125M in a major strategic investment, Booster is poised for accelerated growth and further innovation. The company's substantial total funding of $210M indicates a mature stage of development, likely focused on scaling operations, expanding market reach, and potentially exploring new technological advancements in fuel delivery. This significant capital backing suggests a strong investor confidence in Booster's business model and its capacity to disrupt traditional energy distribution channels.
See full Booster company page
