Booster, a U.S mobile energy delivery company has raised more than $125 million in Series D funding led by Rose Park Advisors with participation from new investors Chaac Ventures, Equinor Ventures, Mitsubishi Corporation and Thayer Ventures. Renewable Energy Group (REG), a leading producer of low-carbon renewable fuels, also increased their strategic investment as part of the round. Existing investors also participated, including Cercano Management, Conversion Capital, Enterprise Holding Ventures, Invus, Madrona Venture Group, Maveron Ventures, Perot Jain LP and Version One Ventures.

With the new funding, Booster will continue to expand its network of direct-to-vehicle fuel delivery, connecting fleets directly to an expanding portfolio of conventional, renewable and alternative fuels. At a time when the urgent desire to transition to a sustainable energy future is far outpacing the availability of the necessary infrastructure, Booster provides a critical “one-stop-shop” solution for the transportation and mobility sectors.

By delivering fuel directly to vehicles, Booster eliminates the middleman, reducing refueling costs, improving productivity and – through its strategic partnership with REG – ensuring reliable, energy-agnostic access to a resilient supply chain of fuel options.

The company is also promoting the switch to renewable and alternative fuels in response to growing customer demand; today, the company 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 successful 2021 pilot.

For more information, visit

© 2022 First XV. All rights reserved.