Booster, a San Mateo, Calif. — based mobile energy delivery platform, raised more than $125m in Series D funding.
The round was led by Rose Park Advisors with participation from new investors Chaac Ventures, Equinor Ventures, Mitsubishi Corporation and Thayer Ventures. Renewable Energy Group (REG), as well as existing investors Cercano Management, Conversion Capital, Enterprise Holding Ventures, Invus Opportunities, Madrona Venture Group, Maveron Ventures, Perot Jain LP and Version One Ventures.
The company intends to use the funds to continue to expand its network of direct-to-vehicle fuel delivery, connecting fleets directly to an expanding portfolio of conventional, renewable and alternative fuels.
Led by Frank Mycroft, CEO and Founder, Booster is a tech-enabled mobile energy delivery company that works with enterprise, public sector, and startup customers on their migration to cleaner energy through its proprietary cloud-connected IoT mini-tankers and mobile delivery service. By delivering fuel directly to vehicles, Booster eliminates the middleman, reducing refueling costs, improving productivity and – through its strategic partnership with REG – ensuring energy-agnostic access to a resilient supply chain of fuel options.
The company currently delivers 100% renewable diesel to thousands of fleet vehicles across California and is building on its capabilities to meet the increased demand for electric vehicles (EVs) to include on-demand EV charging after a 2021 pilot.
