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Propel Fuels adding hundreds of biofuel stations soon

by Jon LeSage (RSS feed) on Dec 18th, 2012 at 2:02PM

Propel Fuels is acquiring $21 million in funding to add more than 200 fuel stations in new and existing markets over the next two years, offering more drivers E85 ethanol and biodiesel blends. The company currently sells fuel out of 31 existing retail stations in California and Washington, sharing gas pumps with gasoline and diesel. The company has closed the initial phase of its Series D round of funding for $11 million in equity capital from existing investors Nth Power, Craton Equity Partners and @Ventures, and a new investor, Gentry Venture Partners. Propel Fuels has also secured an... Read More

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