Homepage / Technology / Silicon Valley tech companies use this start-up to fill employees' gas tanks while they're at work
Как Стать Стримером Казино%3F Что для Этого Нужно%3 Best Game Software How to Design Engaging and Effective Educational Events Winline Делает Разницу! Букмекерская Контора Winline Онлайн Ставки На Спорт Making Corporate Travel Arrangements Business Virtual Data Room Stock Market Tips For Beginners What to Look for in a VDR Provider Why You Need a Secure Data Room Learning in the Digital Age How to Apply For Business Loans VDR and Document Management Performance Management and HR Outsourcing Modern Business Integration How to Choose the Right Board Portal Software for Your Company How to Choose a Data Storage Room Why Startups Use a Data Room for Investors The Best Web Tools for Designers Use Cases For Using VDR Documents Subsidy Programs and Financing Innovative Technologies for Audit What Is Real Estate Management? Investment and Funds Inspiring Teaching Books What Are the Benefits of a Virtual Data Room? Startups and Business Ideas How to Improve Virtual Board Communication The Lego Company History Investing in the Biotech Industry Financial Startup Basics Jogue Por Dinheiro Actual Em Cassino Onlin Virtual Communication Methods for Remote Leaders How to Choose the Best VDR Providers How Successful Online Businesses Succeed How Business Experts Fuel Innovation and Create Competitive Edge The IT World and Business Deal Making Software and How it Can Help Your Business Virtual Data Room Software Types of Steel Materials and Their Uses Board of Directors Software Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci What Is Logistics School? What Is the VDR for Acquisition? The Best Data Room Apps For Startups Best Practices for Creating an Effective Board Meeting Agenda How to Choose the Best Shareholders Online Platforms Ostdeutsche Biersorten Getting a Construction Management Degree How to Select an Online Data Room Provider Start Your Blog Without Investment What to Look for in a Board Room Provider Data Room Comparison – Which Data Room Is Right For Your Business? Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Rotating Events in Our Time How to Choose the Best Business Software Choosing an Online Payment Processor Due Diligence Software Virtual Data Room Providers for M&A Due Diligence The Best Online Data Room Benefits of a Due Diligence Data Room Best Practices for Data Rooms Types of Corporate Governance What Is Virtual Data Storage? Benefits of Document Distribution Software The Benefits of a Data Room for Startups Effective Project Management Requires a Mix of Technical and People Skills Top 5 Free File Sharing Services Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be Speed Up Your Business Valuation With a Data Room How to Choose the Best Board Management Software for Business How to Write Effective Board Decision Papers Choosing Board Meeting Software The Benefits of Document Distribution Software Why Startups Need a VDR for Start-Up Virtual Data Room for Ipos and the IPO Process What is a Board Portal? What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software

Technology

Silicon Valley tech companies use this start-up to fill employees' gas tanks while they're at work

After almost a decade in aerospace, rocket scientist Frank Mycroft wanted to work on tech that would improve life on Earth. He stepped out of what he regarded as a dream job at Planetary Resources, a start-up working on asteroid mining systems, to create Booster Fuels in 2014 with co-founders Diego Netto and Tyler Raugh.

Booster delivers fuel to drivers, wherever they park at work, so they don’t have to waste time going back and forth to a gas station.

Corporations offer Booster as a work perk. The Burlingame, California, startup doesn’t charge employers to get started. They just need to allow Booster’s trucks and service professionals onto their lots, and agree to promote the service like other benefits to employees.

Several big Silicon Valley corporations, including eBay, Facebook, Cisco and Oracle, have already signed up. So far, access is limited. Booster only operates in commuter towns around Dallas-Fort Worth and the San Francisco Bay Area.

Mycroft said inspiration for the start-up struck while he was in his car, waiting to refuel at a station close to home. “It really bothered me how much gas I was burning just to get more gas,” he said. At the same time, he wanted to make sure the car’s tank was always full so his then-pregnant wife wouldn’t have to navigate a gas station alone.

An estimated 8.3% of robberies occur at gas stations and convenience stores each year, according to research from the Center for Problem-Oriented Policing. The gas station closest to their home had suffered a crime wave.

Tragically, Mycroft said, one of Booster’s investors lost a parent during a violent crime that took place at a gas station.

Drivers who want to skip gas stations and their associated risks can download the Booster app to book delivery of premium or regular fuel on the same or next day, as long as the app is already authorized where they park. Users leave the fuel door on their vehicle open, but don’t need to meet a delivery person in the lot.

Would-be competitors to Booster include venture-backed Yoshi, which charges users a membership fee; Filld which charges a delivery fee; and the commercial fleet-focused Fuel Panda, to name just a few.

However, Booster has designed and patented some of the technology on its fuel delivery trucks, which Mycroft thinks will give it an edge.

Mycroft said, “On the hardware side, we have the ability to load fuel and deliver fuel from the same vehicle without needing any middle men. That’s novel and allows us to pass savings on to consumers.” Booster procures fuel directly from wholesale providers like Exxon and Shell, then pumps it into a customer’s car, all using the same vehicle.

We asked Mycroft if fuel delivery is really necessary. Like so many on-demand services, it seems like a nice convenience for the wealthy. The CEO countered, “Why did we need Netflix when we had DVDs?”

To-date, at least 100,000 people have used the app for one delivery and tens of thousands use it every month.

A consumer technologies investor, Maveron General Partner David Wu, told CNBC that Booster’s technology is the key to making fuel delivery into a profitable, hyper-growth business. “Bypassing the gas station is one thing. You need to get density into the economics of having your employees out there pumping gas. Otherwise, you end up with another on-demand servcice that can’t survive, even if it is loved by consumers.”

Booster just raised $20 million in a series B round of venture funding to expand, Mycroft and Wu told CNBC. Booster has its eye on suburban areas across the country, especially near New York City, and hopes to be operating there within a year or two.

Conversion Capital led Booster’s latest round, joined by its earlier backers Maveron and seven others. The funding brings Booster’s total capital raised to $32 million.

Source: Tech CNBC
Silicon Valley tech companies use this start-up to fill employees' gas tanks while they're at work

Comments are closed.