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Security Type
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Common Stock
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Min Investment
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$100
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Offering Date
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July 09, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$1.07M
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Security Price
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$2
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Valuation
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$20,000,000
Company Description
The Fuel Ox is a Multi-functional, comprehensive fuel treatment that enhances fuel combustion and engine performance. The Fuel Ox contains a patented chemical catalyst that lowers the ignition point of fuel. The catalyst causes and earlier, more sustained combustion. One gallon of our additive treats 10,000 gallons of distillate fuel.
Key Deal Facts
We are a profitable company with a long history of revenue growth.
We generated more than $2.5 million in sales during 2020.
Our fuel additive is used by municipalities and companies in trucking, mining and maritime.
Our industrial lubricant is a safe and effective 100% plant-based product.
Our products are already sold at West Marine stores, Amazon.com and at Walmart.com
We plan to develop and acquire additional environmentally friendly products for use by industry.
We plan to go public within twelve months.
Use of Proceeds
- ($50,000) $46,750 for sales, marketing and business development. $3,250 for offering related expenses (Wefunder intermediary fee).
- ($1,070,000) $600,000 for sales, marketing and business development. $200,000 for fees associated with becoming a public company. $180,450 for working capital $89,550 for offering related expenses (this includes the 6.5% Wefunder intermediary fee)
Management Team / Advisory Board Bios
Rand Taylor, Co-Founder & CEO
Leader with strong entrepreneurial skills. Passionate about environmental friendly and sustainable products. Built trading desk of Knight Securities which became the largest market making firm in the world.
Paul Mazzanobile, President
Entrepreneur with a demonstrated ability to build successful enterprises in consumer products, medical devices, and real estate. Mr. Mazzanobile has a BA, Economics, from Emory University.
Alec Taylor, Co-Founder & Director of Operations
Oversees our business operations and responsible for our domestic and international sales organization.