Booster Revenue, Valuation, Funding & Investors
Booster is valued at $125M as of August 2017. Booster revenue was $65M, as disclosed with its June 2019 round.
Last Booster valuation
$125M
Series B · Aug 2017
Last Booster funding round
$125M
Series D · May 2022
Booster revenue
$65M
Series C · Jun 2019
Key investors in Booster
Madrona
Conversion Capital
RRE Ventures
Maveron
Perot Jain
Version One Ventures
About Booster
Booster is a San Mateo-headquartered fueling service founded in 2015. It provides on-demand battery swaps and charging for electric fleets, serving 120,000 vehicles across 300 businesses. Customers avoid 8 million miles driven and 4 million pounds of CO2 emissions annually through mobile stations.
Founded
2014
HQ
Seattle, WAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services
Revenue
$65M (Jun 2019)
Valuation
$125M (Aug 2017)
Booster Valuation
Booster is currently valued at $125M, based on its Series B in August 2017.
The $20M round was led by Conversion Capital, with participation from Maveron, RRE Ventures, Version One Ventures, StartX (Stanford-StartX Fund), BADR investments and 2 other investors.
Booster valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2017 | Series B | $125M |
Booster Revenue
Booster's latest recorded revenue is $65M, as of its Series C in June 2019.
Booster revenue by funding round
| Date | Revenue * | Stage |
|---|---|---|
| Jun 2019 | $65M | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Booster Funding History
Booster has raised a total of $213M across 5 funding rounds.
Booster's first fundraising round was a $3M seed round in May 2015. The most recent completed round was a $125M Series D in May 2022.
Booster funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series D | Rose Park Advisors (lead) | $125M | - | Booster Fuels raised $125 million in a Series D funding round on May 25, 2022, led by Rose Park Advisors with participation from Chaac Ventures, Equinor Ventures, Mitsubishi, and Thayer Ventures. Booster Fuels operates in the on-demand fueling sector, delivering fuel directly to vehicles at customer locations to save time for fleets and businesses. The round reflects continued investor interest in Booster's model amid growth in logistics and fleet management. Rose Park Advisors, a Boston-based firm founded in 2006 by Clayton Christensen, focuses on disruptive innovation and has backed companies like Coupang and DocuSign. This investment aligns with their strategy in late-stage ventures, including Series D rounds. Broader market context includes rising demand for efficient fleet operations. |
| Jun 2019 | Series C | Invus (lead); Maveron; Conversion Capital; Vulcan Capital; TotalEnergies Ventures; Madrona; Perot Jain | $56M | - | Booster raised a $56 million Series C in June 2019, led by Invus Opportunities. Existing investors Madrona Venture Group, Vulcan Capital, Maveron, Conversion Capital and Perot Jain also participated, and Enterprise Holdings Ventures and Total Ventures joined as new strategic investors. The round brought total funding to $88.5 million. The company said the capital would let it unlock new markets and modernize the fueling experience and infrastructure. Booster is a mobile fueling company based in San Mateo, California, that delivers gasoline and diesel to personal and fleet vehicles by tanker truck. It established the mobile fueling category in 2015 and serves tens of thousands of customers in more than 20 cities. Fleet customers include Stanley Steemer, Two Men and a Truck, Hardin Honda and Traffic Management Inc., and corporate employee-perk programmes include Hewlett Packard Enterprise. |
| Aug 2017 | Series B | Conversion Capital (lead); Maveron; RRE Ventures; Version One Ventures; StartX (Stanford-StartX Fund); BADR investments; Madrona; Perot Jain | $20M | $125M | Booster Fuels, an app-based mobile gas delivery service, raised $20 million in an oversubscribed Series B funding round on August 1, 2017, led by Conversion Capital, with participation from existing investors Maveron, Madrona Venture Group, Version One Ventures, Perot Jain LP, and RRE Ventures, as well as new investors Stanford-StartX Fund, BADR Investments, and U.S. Venture, Inc. This brought the company's total funding to over $32 million. The capital was intended to drive growth and enhance the core experience of delivering gas directly to customers' vehicles in office parking lots using custom-built purple mini-tankers. Booster operates by allowing customers to request a fill-up via app upon arriving at work, with the service providing free delivery and competitive pricing in high-density lots. By the time of the Series B, less than two years after launch, Booster had delivered more than five million gallons of gas and secured partnerships with over 300 large employers, including Cisco, Oracle, Gilead, eBay, PepsiCo, Facebook, and ten Fortune 100 companies in its Dallas-Fort Worth and San Francisco Bay Area markets. Booster continued raising capital in subsequent years, reaching over $231 million across multiple rounds, with later investments including a $125 million Series D in 2022. |
| Jan 2016 | Series A | Maveron (lead); Expansion Venture Capital; RRE Ventures; Conversion Capital; Version One Ventures; Madrona | $9M | - | - |
| May 2015 | Seed | Madrona (lead); RRE Ventures; Four Cities Capital; Conversion Capital; Perot Jain | $3M | - | Booster Fuels, founded by Frank Mycroft, Diego Netto, and Tyler Raugh, delivers competitively priced gas to cars at workplaces and established the mobile fueling category in 2015. Madrona Venture Group made its initial investment in Booster in 2015. A Series Seed round occurred on May 15, 2015, with 3,900,083 shares outstanding and a price per share of $0.82. |
Who has invested in Booster?
14 investors have backed Booster across its funding rounds, including Madrona, Conversion Capital, RRE Ventures, Maveron, Perot Jain and Version One Ventures.
Lead investors include Rose Park Advisors, Invus, Conversion Capital, Maveron and Madrona.
Booster Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 4 | Lead | May 2015 | |
| Seattle, WA | 4 | Lead | May 2015 | |
| San Francisco, CA | 3 | Lead | Jan 2016 | |
| New York City, NY | 3 | Participant | May 2015 | |
| Dallas, TX | 3 | Participant | May 2015 | |
 Vancouver | 2 | Participant | Jan 2016 | |
| New York City, NY | 1 | Participant | Jan 2016 | |
| Boston, MA | 1 | Lead | May 2022 | |
| New York City, NY | 1 | Lead | Jun 2019 | |
| Boston, MA | 1 | Participant | May 2015 | |
| Seattle, WA | 1 | Participant | Jun 2019 | |
 Paris | 1 | Participant | Jun 2019 | |
This data is available for Pro users. Sign up to see all 14 Booster investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBooster Competitors
Booster competitors include listed companies like Blink Charging, EVgo and ChargePoint, and private ones like REE Uno, SUN Energy and Varaha.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} REE Uno |  Santiago | Private | - | - | $146M | - |
 Indonesia | Private | - | - | $200M | - | |
| United States | Publicly listed | $103M | ($73M) | $74M | 0.6x | |
| United States | Publicly listed | $384M | ($18M) | $259M | 2.2x | |
| United States | Publicly listed | $411M | ($170M) | $311M | 1.1x | |
 Delhi | Private | $5M | - | $122M | 24.4x |
Booster Public Comps
Booster is still privately-owned, but its public comps include Pyrum Innovations, McDermott, MIC Electronics, Naturelgaz, 7C Solarparken, LiveWire, B Gaon Holdings, Helios Solar, Arq and Onde.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5M | ($6M) | 26.9x | 5.4x | (20.8x) | (26.9x) | |||
| $10B | $208M | 0.1x | - | 2.9x | - | |||
| $18M | $3M | 7.1x | - | 46.8x | - | |||
| $159M | $37M | 0.7x | - | 3.0x | - | |||
| $74M | $43M | 4.2x | - | 7.2x | - | |||
| $26M | ($66M) | 5.9x | 5.9x | (2.3x) | - | |||
| $221M | $35M | 1.3x | - | 8.0x | - | |||
| $512K | - | 266.7x | - | - | - | |||
This data is available for Pro users. Sign up to see all Booster competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Booster
| When was Booster founded? | Booster was founded in 2014. |
| Where is Booster headquartered? | Booster is headquartered in Seattle, WA, United States. |
| Is Booster publicly listed? | No, Booster is a private, VC-backed company. |
| What is Booster's valuation? | Booster was last valued at $125M in its Series B in August 2017. |
| How much funding has Booster raised? | Booster has raised $213M across 5 funding rounds. |
| What was Booster's last funding round? | Booster's last funding round was a $125M Series D in May 2022, led by Rose Park Advisors. |
| Who are Booster's investors? | Booster's investors include Conversion Capital, Madrona, Maveron, RRE Ventures, Perot Jain, Version One Ventures, Expansion Venture Capital, Rose Park Advisors, Invus, Four Cities Capital and 4 others. |
| What is Booster's revenue? | Booster's latest recorded revenue is $65M (June 2019). |
| Which companies are comparable to Booster? | Companies comparable to Booster include REE Uno, SUN Energy, Blink Charging, EVgo, ChargePoint and Varaha. |
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