Published on December 19th, 2012 | by Christopher DeMorro2
Propel Fuels Planning Massive Expansion
Propel Fuels has just closed its Series D round of funding, securing $11 million in addition to $10 million in debt financing. This will allow Propel to expand across the West Coast, adding more than 200 green gas stations to its portfolio.
Propel isn’t just a one-trick pony either. Their fueling stations will serve as a hub for doling out E85 ethanol and different blends of biodiesel (often at comparable prices to standard diesel), but the Propel stations will also work with buyers to provide more “green” services.
Among the goals for Propel is to provide bicycle tuning, improve fuel economy for customers, find rideshare opportunities and more. Is this the fueling station of the future? This writer certainly thinks so…and I can’t wait for them to open a few stations on the East Coast.
Source: Hybrid Cars