Booster Gets a Big Boost With $125 Million Series D

<p><strong><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;"><img class&equals;"alignnone size-full wp-image-2695" src&equals;"http&colon;&sol;&sol;jpq&period;a9a&period;mytemp&period;website&sol;wp-content&sol;uploads&sol;2022&sol;05&sol;boostergas&period;jpg" alt&equals;"" width&equals;"680" height&equals;"454" &sol;>SAN MATEO —<&sol;span><&sol;strong><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;"> Booster&comma; a company that delivers gas directly to cars and trucks&comma; has raised more than &dollar;125 million in Series D funding led by Rose Park Advisors with participation from new investors Chaac Ventures&comma; Equinor Ventures&comma; Mitsubishi Corporation and Thayer Ventures&period; <a href&equals;"https&colon;&sol;&sol;track&period;hottomato&period;net&sol;y&period;z&quest;l&equals;https&percnt;3a&percnt;2f&percnt;2fwww&period;regi&period;com&percnt;2f&amp&semi;j&equals;349810882&amp&semi;e&equals;111&amp&semi;p&equals;1&amp&semi;t&equals;h&amp&semi;A453DC6061034231B7C05BE767BE3F1B">Renewable Energy Group<&sol;a> &lpar;REG&rpar;&comma; a producer of low-carbon renewable fuels&comma; also increased their strategic investment as part of the round&period; Existing investors also participated&comma; including Cercano Management&comma; Conversion Capital&comma; Enterprise Holding Ventures&comma; Invus Opportunities&comma; Madrona Venture Group&comma; Maveron Ventures&comma; Perot Jain LP and Version One Ventures&period; <&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;">With the new funding&comma; Booster will continue to expand its network of direct-to-vehicle fuel delivery&comma; connecting fleets directly to an expanding portfolio of conventional&comma; renewable and alternative fuels&period; At a time when the urgent desire to transition to a sustainable energy future is far outpacing the availability of the necessary infrastructure&comma; Booster provides a critical &&num;8220&semi;one-stop-shop&&num;8221&semi; solution for the transportation and mobility sectors&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;">&&num;8220&semi;The supply chain powering transportation is overly reliant on costly fixed infrastructure&comma;&&num;8221&semi; said Frank Mycroft&comma; CEO and Founder at Booster&period; &&num;8220&semi;Given the extraordinary growth of the &&num;8216&semi;delivery-of-everything&&num;8217&semi; economy&comma; customers need reliable solutions that enable them to become more carbon-efficient today without compromising on cost or flexibility&period;&&num;8221&semi; <&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;">&&num;8220&semi;Since our founding seven years ago&comma; Booster has been singularly focused on reinventing that supply chain with solutions built on data&comma; mobility and the digital-first experience that customers want&comma;&&num;8221&semi; Mycroft added&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;">By delivering fuel directly to vehicles&comma; Booster eliminates the middleman&comma; reducing refueling costs&comma; improving productivity and – through its strategic partnership with REG – ensuring reliable&comma; energy-agnostic access to a resilient supply chain of fuel options&period; <&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;">The company is also promoting the switch to renewable and alternative fuels in response to growing customer demand&semi; today&comma; the company delivers 100&percnt; renewable diesel to thousands of fleet vehicles across California and is building on its capabilities to meet the increased demand for <a href&equals;"https&colon;&sol;&sol;track&period;hottomato&period;net&sol;y&period;z&quest;l&equals;https&percnt;3a&percnt;2f&percnt;2fwww&period;prnewswire&period;com&percnt;2fnews-releases&percnt;2fbooster-expands-its-mobile-energy-technology-platform-to-include-on-demand-electric-vehicle-charging-capability-301275121&period;html&amp&semi;j&equals;349810882&amp&semi;e&equals;111&amp&semi;p&equals;1&amp&semi;t&equals;h&amp&semi;A453DC6061034231B7C05BE767BE3F1B">electric vehicles &lpar;EVs&rpar; to include on-demand EV charging<&sol;a> after a successful 2021 pilot&period; <&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;">Booster reports that Q1 2022 revenues are up more than 125&percnt; year-over-year&comma; and has overhauled the fuel supply for many of the largest e-commerce&comma; technology and transportation fleets in the world&comma; including Amazon&comma; Imperfect Foods and UPS&comma; some of whom now run their fleets on recycled used cooking oil instead of fossil fuels&period; Plus&comma; Booster&&num;8217&semi;s integrated data platform is rich with data insights&comma; and provides analytics that enable customers to measure and report on their carbon reduction – a growing concern for customers striving to achieve ESG goals&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-family&colon; 'Arial'&comma;sans-serif&semi;">&&num;8220&semi;Booster&&num;8217&semi;s energy logistics platform and trusted service professionals are disrupting the energy supply chain&comma; reducing emissions&comma; and improving the competitive position of small and large customers alike&comma;&&num;8221&semi; said Matt Christensen&comma; Managing Partner at Rose Park Advisors&period; &&num;8220&semi;Booster&&num;8217&semi;s solution helps fleets to navigate alternative powertrain options both today and in the future&comma; when performance will increasingly be evaluated on measures of environmental and sustainability impact&period;&&num;8221&semi;<&sol;span><&sol;p>&NewLine;