An on-demand energy startup raises a total of $3m in seed funding
The on-demand energy startup which delivers fuel directly to vehicles, Zebra Fuel, has declared that it has managed to raise $2.5m (£1.8m) in a Seed round led by LocalGlobe, alongside Brent Hoberman’s Firstminute Capital and ‘super angel’ Zoopla founder Alex Chesterman, bringing the total raised by Zebra Fuel to $3m.
Zebra Fuel is able to offer fuel at prices on a par with or cheaper than central London fuel stations, by removing the costs and inefficiencies of city center fuel service stations. One Zebra Fuel van eliminates two journeys, helps cut emissions and reduces the tailbacks which inevitably build up around fuel stations, by removing the need for a driver to travel to a fuel service station and back, and almost certainly queue up with their engine running when they get there.
Co-founder and CEO Reda Bennis, said “We’re like a Formula 1 pit stop for your car, van, truck or coach. We can also do fuel deliveries through the night, so customers can wake up to a full car outside their house or a depot of fully-fueled vehicles and not have to waste their own precious time. Ultimately, our goal is to replace the fuel service station and in doing so make filling up your car faster, cheaper, less harmful to the environment, and hassle-free.”
With fuel and electric becoming available soon, Zebra Fuel already offers customers diesel. Zebra-exclusive eco-friendly clean diesel which will help improve air quality is the company’s next product – ZebraBio, in addition to offering hydrogen when that technology becomes more widespread.
LocalGlobe partner Suzanne Ashman Blair said, “They can help London and Paris become the first global cities to eliminate fuel stations altogether, and create a virtuous circle whereby the more people they serve, the more unnecessary journeys to fuel service stations they can eliminate and the more they can reduce CO2 emissions. This is especially true with corporate customers, when an entire commercial fleet can be filled up in their depot, at night, with a single visit from one of Zebra’s refueling vans.”
“With 2.1 million cars in London alone, the size of the market opportunity for Zebra Fuel is considerable,” said Firstminute Capital’s Brent Hoberman. “At the moment drivers have no choice: they have to go to a fuel station to refill their car. But faced with the option of a far easier, quicker and cheaper alternative, how many will break the habit of a lifetime and switch to Zebra? We’re convinced that this is a service whose moment has arrived – and offering fuel on-demand, whether diesel, fuel, electric or bio is only the start of the company’s story.” PWKD13022018