{"data":{"type":"company_profile","id":64028,"entity_id":"wefunder:company:64028","attributes":{"canonical_url":"https://wefunder.com/fuelgems","generated_at":"2026-06-06T17:23:55Z","updated_at":"2026-06-06T05:01:01Z","entity_ids":{"company":"wefunder:company:64028","slug":"wefunder:company_slug:fuelgems"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-06T17:23:55Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-06T05:01:01Z","as_of":"2026-06-06T17:23:55Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-06T05:01:01Z","as_of":"2026-06-06T17:23:55Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-06T17:23:55Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-06T17:23:55Z","confidence":"medium"}}},"company":{"id":64028,"entity_id":"wefunder:company:64028","slug":"fuelgems","name":"FuelGems","tagline":"Nanotechnology fuel additive which makes fuel more efficient and cleaner","elevator_pitch":"We developed a revolutionary fuel additive that greatly improves the cleanness/performance of Gasoline, Diesel, Bio-fuel. Tiny amount of 5 grams of nanoparticles are needed to treat 260 gallons of fuel, making our additive one of the most powerful and affordable on the market. Users gain up to 1000% ROI. Our additive reduces greenhouse gas and emissions up to 50%, increases engine/fuel pump lubrication and saves fuel.","story":"And the biggest corporations in the world want in.FuelGems' incredibly powerful fuel additive skyrockets the cleanness and performance of Gasoline, Diesel and Bio-fuel used for all modes of transport and electricity generation.\u0026nbsp;\u0026nbsp;The additive reduces fuel consumption by up to 8%, increases lubrication of the engine and its components and reduces greenhouse gasses and dangerous emissions by up to 50%!A tiny amount of 1-5 grams of our environmentally friendly\u0026nbsp;active material is needed to treat 260 gallons of fuel.\u0026nbsp; This is a whooping\u0026nbsp;800 times less than some competing fuel additives.\u0026nbsp;\u0026nbsp;The additive is very affordable and\u0026nbsp;easy to use in the massive $3.5 trillion fuel industry.\u0026nbsp; It can\u0026nbsp;be added to fuel by anyone who operates any mode of transport, gas station operators or\u0026nbsp;refineries.Diesel and gasoline will power 80% of all vehicles by 2050. Fuel is not efficient, dangerous and deadly\u0026nbsp;for the environment and human health.\u0026nbsp;The world needs a solution today.\u0026nbsp;Investor Testimonials\u0026nbsp;Dr. Oksana Malysheva -\u0026nbsp;Managing Partner at Spuntik ATX\u0026nbsp; \u0026amp;\u0026nbsp;Ph.D. Physicist from University of PennsylvaniaJoe Merrill - Partner at Sputnik ATX\u0026nbsp;Volodymyr Khmurych, CFA\u0026nbsp; - Angel InvestorFuelGems additive is easy to use. Nanoparticles are dissolved in gasoline or another solvent, then this solution is added to fuel.FuelGems is currently at a pilot and pre-pilot stage\u0026nbsp;with some of\u0026nbsp;the world’s largest corporations.\u0026nbsp; We believe, based on our experience\u0026nbsp;in business, demand from such large corporations signals this product is red hot.\u0026nbsp;\u0026nbsp;If the three companies in the\u0026nbsp;pilot stage convert to\u0026nbsp;clients,\u0026nbsp;at full capacity, have the potential to deliver about $50 million in annual revenue to FuelGems.We believe we can price our additive\u0026nbsp;up to\u0026nbsp;20x less than competition and\u0026nbsp;this pricing advantage will allow us to\u0026nbsp;dominate the market world-wide.\u0026nbsp; We believe we can generate up to\u0026nbsp;$400 million in annual revenue from only 15-20 clients.FuelGems believes it is on a trajectory to become a billion dollar company.Our immediate goal is to provide our additive to the largest and most lucrative segments.\u0026nbsp;We estimate that one refinery alone would result in $27 million in annual revenue. There are 220 refineries in USA and Europe.We estimate that a\u0026nbsp;gas station operator with 500 stations would result in $12 million in annual revenue. There are 220,000 gas stations in USA and Europe.FuelGems has demand in key\u0026nbsp;regions of\u0026nbsp;the massive $3.5 trillion fuel market. FuelGems has the potential to generate annual revenue of $400 million to $1 billion. At this revenue FuelGems will do an IPO or can be acquired by a company such as Chevron or BP.FuelGems’ CEO is an award-winning business leader who has vast experience and a winning track record in investing in and running companies, with a number of his startups having achieved successful exits.\u0026nbsp;Our world-class scientific team consists of six Ph.D. scientists in disciplines\u0026nbsp;such as chemical engineering, nanotechnology, electro-chemical engineering, physics, chemistry and automotive engineering.\u0026nbsp;The scientific team\u0026nbsp;developed a groundbreaking plasma generator that creates powerful carbon-based nanoparticles. These nanoparticles are combined with gasoline or another solvent and are then added to fuel.\u0026nbsp;FuelGems completed state of the art testing on engines\u0026nbsp;at multiple research institution\u0026nbsp;facilities.\u0026nbsp; The reduction in\u0026nbsp;fuel consumption of 8%\u0026nbsp;was achieved with nanoparticle concentration of\u0026nbsp;3 grams per\u0026nbsp;260 gallons of fuel\u0026nbsp;and the reduction of unburnt hydrocarbons by 49.5%\u0026nbsp;was achieved with nanoparticle concentration of 5 grams per\u0026nbsp;260 gallons of fuel.\u0026nbsp;What makes these nanoparticles so special is this: Only a micro-dose of 1 to 5 grams of these nanoparticles is needed per 260 gallons of fuel. Some standard fuel additives typically require anywhere 200x to 800x more additive for the same amount of fuel. In addition, our additive comes at a fraction of the cost of competitors (3x – 20x lower) due to our special manufacturing process. We believe, the end result is that our nanoparticle will create never-before-seen levels of savings and ROI for the fuel industry and reductions in emissions.But it gets better – because our additive is as powerful as it is flexible. It can be added at the refinery level, at the distributor level (added to directly to gas stations, underground tanks and more) or even to fuel tanks by individual drivers. We believe, the carbon-based nanoparticles are also completely safe for the environment and will gain EPA registration. EPA allows registration and usage of fuel additives which are made from Carbon, Hydrogen, Nitrogen, Oxygen and Sulfur. On top of this, we’ve taken exhaustive measures to test our additive for over 5 years at various research institutes and in over 1,000,000 miles of real-world driving in order to guarantee safety and environmental effectiveness.We’ve taken every measure to ensure that our solution leads to cleaner air, a better planet and a brighter future for all.","location":"Austin, TX","website":"https://www.fuelgems.com","total_amount_raised":843690,"total_investors":1235,"is_funded":false,"is_active":false,"quality_score":1,"related_urls":["https://wefunder.com/fuelgems","https://www.fuelgems.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/64028/xxl_cropped_lab.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/64028/large_cropped_FuelGems-square-red_wefunder.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/64028/standard_cropped_lab.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/64028/standard_cropped_lab.jpg"},"links":{"company_url":"https://www.fuelgems.com"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"🦄🥇🚀One of the most powerful and clean fuel additives in history for the $3.5 trillion market."},{"index":2,"claim_id":"claim-fact-2","value":"🚀Founder achieved 2 exits, his startups raised $20+ mln, completed IPO at $130 mln valuation."},{"index":3,"claim_id":"claim-fact-3","value":"💰Revenue potential from pilot company trials $50+ million."},{"index":4,"claim_id":"claim-fact-4","value":"Client pipeline are multi-billion companies: BP, Marubeni, PKN ORLEN, Suncor Energy."},{"index":5,"claim_id":"claim-fact-5","value":"📈FuelGems believes the additive can generate $400+ million in revenue."},{"index":6,"claim_id":"claim-fact-6","value":"Patented technology which is up to 800x more powerful than competing additives."},{"index":7,"claim_id":"claim-fact-7","value":"🌍Reduces fuel consumption by up to 8% (user ROI up to 1000%) and reduces emissions by up to 50%."},{"index":8,"claim_id":"claim-fact-8","value":"🔥VC investor: Sputnik ATX. Managing Partner holds PhD in physics from Ivy League."}],"team":[{"id":1014408,"entity_id":"wefunder:company_role:1014408","user_entity_id":"wefunder:user:937385","role":"founder","name":"Kirill Gichunts","title":"CEO","bio":"Former Managing Partner of a VC accelerator fund: invested/grew over 15 start-ups, achieved exits. Advised Microsoft. Semifinalist of Cleantech Open. Award winning investment banker. Graduated UC Berkeley.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1014408/square_cropped_Headshot_1.jpg?1675445555","profile_url":"https://wefunder.com/kirillgichunts","linkedin_url":"https://www.linkedin.com/in/kirillgichunts/","related_urls":["https://wefunder.com/kirillgichunts"]},{"id":1024681,"entity_id":"wefunder:company_role:1024681","role":"employee","name":"Jacek Jasinski, Ph.D.","title":"Nanotechnology Scientist","bio":"Scientist and Team Leader at Conn Center for Renewable Energy Research, Post Graduate Researcher at Lawrence Berkeley National Laboratory, Ph.D. Semiconductor Physics at University of Warsaw, M.Sc. Solid State Physics at University of Warsaw.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1024681/square_cropped_jacek_white.jpg?1599476978","linkedin_url":"https://www.linkedin.com/in/jacek-jasinski-9292ba5/","related_urls":[]},{"id":1024685,"entity_id":"wefunder:company_role:1024685","role":"employee","name":"Timothy Rose, Ph.D.","title":"Automotive Engineer and Scientist","bio":"Senior Research Scientist in Materials Engineering in Novel Fuels for Transport at Cranfield University. Researcher at British Gas. Ph.D. Surface Science and Engineering at Cranfield University.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1024685/square_cropped_tim_rose_white.jpg?1660694833","linkedin_url":"https://www.linkedin.com/in/timothywjrose/","related_urls":[]},{"id":1053478,"entity_id":"wefunder:company_role:1053478","role":"employee","name":"Irina Nazarova Ph.D.","title":"Scientist","bio":"Research Scientist and electrical engineer at various research centers, 4 awards for scientific achievements, author of 35 publications. Ph.D. Engineering Sciences from Kyiv Polytechnic Institute.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1053478/square_cropped_Iryna_V_small_grey.jpg?1660694833","related_urls":[]},{"id":1024684,"entity_id":"wefunder:company_role:1024684","role":"employee","name":"Yaroslav Bereznitsky, Ph.D. Candidate","title":"Chemical Engineer","bio":"Graduate Student Researcher and Chemical Engineer at National Academy of Sciences of Ukraine. Ph.D. Candidate 2020 at National Academy of Sciences of Ukraine.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1024684/square_cropped_yaroslav_new.jpg?1660694833","related_urls":[]},{"id":1024686,"entity_id":"wefunder:company_role:1024686","role":"employee","name":"Roman Tarasenko,  Ph.D. Candidate","title":"Chemical Engineer","bio":"Graduate Student Researcher and Chemical Engineer at National Academy of Sciences of Ukraine, Ph.D. Candidate 2021 at National Academy of Sciences of Ukraine.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1024686/square_cropped_Roman.jpg?1660694833","related_urls":[]}],"featured_investors":[{"id":5047,"entity_id":"wefunder:company_investor_profile:5047","investor_profile_id":506813,"investor_profile_entity_id":"wefunder:investor_profile:506813","subject_entity_id":"wefunder:user:961589","name":"Volodymyr Khmurych","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/961589/medium_cropped_P9180157.jpg","profile_url":"https://wefunder.com/volodymyrkhmurych","investment_total":10000,"investment_info":"Invested $10,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/volodymyrkhmurych"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":172,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":41953,"entity_id":"wefunder:fundraise:41953","state":"successful","offering_type":"506(c)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":250000.0,"funding_started_at":"2021-01-29T18:17:38Z","funding_closed_at":"2021-01-29T18:17:38Z"},{"id":36410,"entity_id":"wefunder:fundraise:36410","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":100000.0,"funding_started_at":"2020-07-31T21:45:31Z","funding_closed_at":"2020-11-21T05:02:07Z","auto_close_at":"2020-11-21T04:59:59Z"}],"latest_fundraise":{"id":41953,"entity_id":"wefunder:fundraise:41953","state":"successful","offering_type":"506(c)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2021-01-29T18:17:38Z","funding_closed_at":"2021-01-29T18:17:38Z","terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[],"q_and_a":[{"id":107706,"entity_id":"wefunder:comment:107706","question":"Hello Kirill, In the future when you have made some progress ramping up your production for the retail side of the business have you considered sending Gov. Newsome's office in Sacramento a case of FuelGems with a nice reducing California Pollution cover letter. One never knows, via Executive Order FuelGems may just end up being the \"Pollution Reducing Solution\" for the entire State, Country, Globe. You may have a problem writing licensing agreements with every business connected with Petroleum and Chemical. An easy way to be a Lobbyist, a case of FuelGems with a cover letter to the Governor of state A,B,C etc. You are now addressing and attacking the issue from the top down. Can you think of any reason why any Government would not become an advocate for your technology? Cheers","author_name":"Joseph LeRiger","votes":4,"created_at":"2020-09-24T18:37:16Z","canonical_url":"https://wefunder.com/fuelgems#question-107706","answers":[{"id":107807,"entity_id":"wefunder:comment:107807","answer":"Hi Joseph, That is a great point. Thank you for investing and thank you for your support. Our additive is safe, greatly reduces emissions and is very affordable. We definitely will go after governments and will try to have government offices support us. Its win win scenario for people and the environment. If we get lucky and the government mandates the use of the additive and its implemented top down this would be an amazing win for everyone! We will work our hardest to try to make this possible.","author_name":"Kirill Gichunts","votes":3,"created_at":"2020-09-25T13:13:26Z"}]},{"id":106485,"entity_id":"wefunder:comment:106485","question":"Hi Kirill, Thanks for driving forward this impactful technology and for diligently answering everyone's questions. Had a few questions to help better understand the risk \u0026amp; payoffs, to make sure i am investing at the right order of magnitude: 1. When do you expect first revenues? and in what segment (e.g. gas v diesel, US v Japan v EU, on road v heating v machinery)? 2. What would it take for your pilot / pre-pilot partners to give you revenues? What milestones need to be hit in these pilots? 3. How much cost are you expecting to incur over the course of 2020? 4. What exactly is the role of the reactors? are they purely for making the additive? 5. Can i buy a consumer-sized sample of your product right now? (Watching it effectively run inside my vehicle would give me a lot of comfort and higher willingness to bet big) 6. What milestones do you need to hit in order to achieve the 2021 financial projection of $1.5M revenue / $.4M EBITDA? (e.g. how many units of your product do you need to sell to make this amount of revenue, and what are the unit costs? phrased otherwise, can you please share your revenue per unit, cost per unit, and sale volumes expected in 2021?)","author_name":"Michael Raevsky","votes":3,"created_at":"2020-09-16T19:40:50Z","canonical_url":"https://wefunder.com/fuelgems#question-106485","answers":[{"id":107096,"entity_id":"wefunder:comment:107096","answer":"Hi Michael, Great to get financial questions. 1.We believe we could see the first revenues to come in Q1 2021. Diesel could be faster because it is more problematic. We suspect revenues will be from fleets and the retail segment (convenience stores at gas stations), then gas station operators and then refineries. Geographies are USA and Europe. The market is very big with lots of segments. We received demand from all these segment. While we need a sharp focus we would like to find customers that are quick to close. We will do a wider marketing push, generate a strong pipeline, pursue different segments and different type of customers in order to narrow down to quickest conversions to clients. And convert pipeline potential customers in due course. 2.They just need to see savings and/or reductions in emissions which is instant. We believe we can get purchase orders quickly once they see the results. 3.2020 will roughly require $75k-$150k spending. This amount includes marketing, hardware, patents, additional support staff. 4. The reactors are for production of the nanoparticles. After further processing the additive is made. 5.I suppose we could send you a sample. We probably would like put an NDAs in place. We would suggest to do an engine bench test. These can be done for as little as $5 but are much informative because everything is controlled by computers and done according to standards. For instance, headwind on the road could influence your results the day you use the additive. 6.This is sensitive information, we can provide this to you, would please send me an email? kirill@fuelgems.com","author_name":"Kirill Gichunts","votes":2,"created_at":"2020-09-20T01:58:27Z"},{"id":271124,"entity_id":"wefunder:comment:271124","answer":"Hi Michael, I would happily share our financial forecast with you. Please get in touch with me directly.","author_name":"Kirill Gichunts","votes":0,"created_at":"2023-12-09T15:28:17Z"}]},{"id":329970,"entity_id":"wefunder:comment:329970","question":"How is the company doing? As I watch the country gas prices rise, I wondered if investors are making money. can we get an update? Thank you.","author_name":"Mario M Teel Jr.","votes":2,"created_at":"2026-04-03T12:54:54Z","canonical_url":"https://wefunder.com/fuelgems#question-329970","answers":[]},{"id":315695,"entity_id":"wefunder:comment:315695","question":"When is the next investor update?","author_name":"Mario M Teel Jr.","votes":2,"created_at":"2025-09-25T02:12:52Z","canonical_url":"https://wefunder.com/fuelgems#question-315695","answers":[]},{"id":313767,"entity_id":"wefunder:comment:313767","question":"There was a raise earlier this year on Republic that has some updates: https://republic.com/fuelgems","author_name":"Erik Huggler","votes":2,"created_at":"2025-08-26T16:56:26Z","canonical_url":"https://wefunder.com/fuelgems#question-313767","answers":[]},{"id":302254,"entity_id":"wefunder:comment:302254","question":"I have not received any updates on FuelGems in a very long time. When was the last update? Is the company still viable or was my investment a poor decision?","author_name":"Alan Cunningham","votes":2,"created_at":"2025-02-14T17:10:16Z","canonical_url":"https://wefunder.com/fuelgems#question-302254","answers":[]},{"id":113064,"entity_id":"wefunder:comment:113064","question":"Hi Kirill, I have learned that not all SAFEs are created equal. They are usually NOT investor friendly. 1. So what if the SAFEs does not convert for an triggering event? 2. Do you or not, planning on having the Next Equity Financing before the SAFE Expiration Date to assure the investors that FuelGems SAFE contract does or does not favor the investors.","author_name":"Riley J Staskiewicz","votes":2,"created_at":"2020-11-04T16:50:04Z","canonical_url":"https://wefunder.com/fuelgems#question-113064","answers":[{"id":113066,"entity_id":"wefunder:comment:113066","answer":"Hi Riley, Thank you for your questions. Our SAFE converts automatically to common stock in March of 2021. Investors have nothing to worry about with FuelGems SAFE. There is a chance we will have an equity investor before than, and if we do, the trigger to convert to stock will take a place a little sooner.","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-11-04T17:15:46Z"}]},{"id":108278,"entity_id":"wefunder:comment:108278","question":"Hi Kirill...I wrote to your company email as I wanted to offer some contacts I have in the refinery business in Houston and also overseas. I'm sure you have these contacts established but wanted to help any way I could to assist in your/our success. Thank you sir.","author_name":"Aristides D Priakos","votes":2,"created_at":"2020-09-29T16:02:47Z","canonical_url":"https://wefunder.com/fuelgems#question-108278","answers":[{"id":108333,"entity_id":"wefunder:comment:108333","answer":"Hi Aristides, Thank you for your investment. It would be great if you connect us to the refineries. Just amazing. I saw the form submission and will email you shortly. Many thanks!","author_name":"Kirill Gichunts","votes":1,"created_at":"2020-09-30T00:31:25Z"}]},{"id":322504,"entity_id":"wefunder:comment:322504","question":"Echoing the same sentiments as other investors...Kirill, what is going on with our company?","author_name":"Carey Dye","votes":1,"created_at":"2026-01-05T19:32:19Z","canonical_url":"https://wefunder.com/fuelgems#question-322504","answers":[]},{"id":208572,"entity_id":"wefunder:comment:208572","question":"Hi Kirill, thanks for taking the time from your busy schedule to look at these questions! With the Startengine round closed I would love to receive a new financial update. From what I can remember from your startengine campaign it sounds like you had some difficulty getting sales but some luck in starting to build a european production facility. What else can you share?","author_name":"Jeremy Ryan Seppi","votes":1,"created_at":"2022-06-16T18:45:37Z","canonical_url":"https://wefunder.com/fuelgems#question-208572","answers":[{"id":229512,"entity_id":"wefunder:comment:229512","answer":"Hi Jeremy, we have a pretty strong pipeline that we are working to convert. We are focused on Oil\u0026amp;Gas companies, gas station operators and fleets. Please follow us on https://www.startengine.com/offering/fuelgems for the most recent updates and progress.","author_name":"Kirill Gichunts","votes":0,"created_at":"2022-12-24T22:36:07Z"}]},{"id":195416,"entity_id":"wefunder:comment:195416","question":"an update related to how the recent run up in commodities prices impact FG would be appreciated","author_name":"Richard Bentley","votes":1,"created_at":"2022-03-07T19:42:04Z","canonical_url":"https://wefunder.com/fuelgems#question-195416","answers":[{"id":229513,"entity_id":"wefunder:comment:229513","answer":"Hi Richard, Thank you for your question. It seems that the high oil prices and volatility in the economy (signs of recession) is driving higher demand for FuelGems. Please check our progress updates on startengine.com/offering/fuelgems","author_name":"Kirill Gichunts","votes":0,"created_at":"2022-12-24T22:38:00Z"}]},{"id":188046,"entity_id":"wefunder:comment:188046","question":"Hi Krill, when can we get an update on what's happing with FuelGems? Do you have an year end update?","author_name":"Keith Healey","votes":1,"created_at":"2022-01-13T00:48:45Z","canonical_url":"https://wefunder.com/fuelgems#question-188046","answers":[{"id":203525,"entity_id":"wefunder:comment:203525","answer":"Hi Keith, we worked to create production, tested the additive (and it worked great), worked to file further patents globally and are now working to send our additive to clients to get contracts. We are also working on government grants.","author_name":"Kirill Gichunts","votes":0,"created_at":"2022-04-29T20:44:09Z"}]},{"id":152452,"entity_id":"wefunder:comment:152452","question":"Big oil (Shell, Exxon, Chevron, IEA) has been in the news recently. Below is a link to a long and interesting article from ForeignPolicy. The last paragraph was a good summary so here it is Forcing oil majors to curb investment only leads to emissions reductions if global oil demand declines, too. Otherwise, underinvestment creates economic, political, and geopolitical risks that could actually undermine the rapid decarbonization needed to combat the climate crisis. Last week’s court ruling and shareholder votes may have been a blow to the oil industry, but they will only be a blow to climate change if stronger policies, incentives, and innovation work in tandem to rapidly curb oil use and emissions. https://foreignpolicy.com/2021/06/03/big-oil-shell-exxon-chevron-emissions-climate-change-production-supply-demand-cuts-risks/?utm_source=Center+on+Global+Energy+Policy+Mailing+List\u0026amp;utm_campaign=1ec0fc17ef-EMAIL_CAMPAIGN_2019_09_18_12_40_COPY_02\u0026amp;utm_medium=email\u0026amp;utm_term=0_0773077aac-1ec0fc17ef-102493037 FuelGems could very well have a role in “innovation work(ing) in tandem to rapidly curb oil use and emissions.”","author_name":"Roger Austin","votes":1,"created_at":"2021-06-03T18:56:39Z","canonical_url":"https://wefunder.com/fuelgems#question-152452","answers":[{"id":229521,"entity_id":"wefunder:comment:229521","answer":"Hi Roger, Merry Christmas and Happy New Year! I agree. And this very well could take place once we become a bit bigger. We are seeing very strong demand and once we become bigger there is a good chance we will work with multiple Oil\u0026amp;Gas companies around the world to reduce CO2 footprint and other pollutants.","author_name":"Kirill Gichunts","votes":0,"created_at":"2022-12-24T22:53:18Z"}]},{"id":138856,"entity_id":"wefunder:comment:138856","question":"Hi team - Just curious on the third\u0026nbsp;party website you and the team will be using for the future for investors, hope all is well, thanks.","author_name":"Matt B","votes":1,"created_at":"2021-03-31T01:23:50Z","canonical_url":"https://wefunder.com/fuelgems#question-138856","answers":[{"id":229515,"entity_id":"wefunder:comment:229515","answer":"Hi Matt, Thank you for your question. For now please refer to updates that we post on startengine.com/offering/fuelgems and in the future we will run email newsletter updates and possibly add a news section on our website with major announcements.","author_name":"Kirill Gichunts","votes":0,"created_at":"2022-12-24T22:42:03Z"}]},{"id":131330,"entity_id":"wefunder:comment:131330","question":"when does this stock hit the market","author_name":"April Grayson","votes":1,"created_at":"2021-02-19T01:06:12Z","canonical_url":"https://wefunder.com/fuelgems#question-131330","answers":[{"id":137760,"entity_id":"wefunder:comment:137760","answer":"Hi April, we still need at least a few years to go IPO. But its something we'd love to do because it will allow the largest possible coverage of the markets.","author_name":"Kirill Gichunts","votes":0,"created_at":"2021-03-26T00:21:00Z"}]},{"id":114571,"entity_id":"wefunder:comment:114571","question":"Hello Krill, I invested $1,000 as an Early Bird investor at the 4.5 million valuation with a 20% discount. Does that mean that now that FuelGems has a 8.5 million valuation that my initial investment is theoretically worth more at the 8.5 valuation? What does the 20% discount do for me? If I invest another $1,000, is this second investment totally seperate from my first investment? Will I be signing a seperate SAFE Contract for the second $1,000 investment? Thank you for continuing to update on a consistent basis.","author_name":"Alan WELSH","votes":1,"created_at":"2020-11-16T04:42:50Z","canonical_url":"https://wefunder.com/fuelgems#question-114571","answers":[{"id":115015,"entity_id":"wefunder:comment:115015","answer":"Hi Alan, While the valuation cap is not a valuation of the company, some experts say its indicative of the valuation. Given there is demand at this valuation cap, its possible to say your investment value increased. The 20% discount is the discount at which you'd get your shares if an equity investor invests (below the valuation cap) before the conversion date. If I invest another $1,000, is this second investment totally separate from my first investment? \u0026lt;\u0026lt; I cannot say anything on this question as I dont know the answer. Maybe its worthwhile to do it via a second account if Wefunder allows that. Will I be signing a separate SAFE Contract for the second $1,000 investment? \u0026lt;\u0026lt; I cannot say anything on this question as I dont know the answer. Maybe its worthwhile to do it via a second account if Wefunder allows that. If you are looking to make another investment that would be amazing!","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-11-18T16:17:46Z"}]},{"id":114024,"entity_id":"wefunder:comment:114024","question":"It says founder has achieved 2 exits can you go into detail what companies these are and what has happened to them?","author_name":"Mike Smith","votes":1,"created_at":"2020-11-12T01:40:28Z","canonical_url":"https://wefunder.com/fuelgems#question-114024","answers":[{"id":114282,"entity_id":"wefunder:comment:114282","answer":"Hi Mike, The startups I am referring to was Infreeda, where I was the founding team member, which was acquired by AT\u0026amp;T and the other company is Kabanchik.ua (clone of Task Rabbit), where I was the founding investor, which was acquired by Prom.ua. The latter is operational and growing.","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-11-13T13:24:04Z"}]},{"id":113765,"entity_id":"wefunder:comment:113765","question":"Kirill, Any plan of posting the recording of the recent webinar?","author_name":"Justin Koo","votes":1,"created_at":"2020-11-10T18:45:23Z","canonical_url":"https://wefunder.com/fuelgems#question-113765","answers":[{"id":114008,"entity_id":"wefunder:comment:114008","answer":"Hi Justin, Its posted in the update section.","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-11-12T01:07:17Z"}]},{"id":111892,"entity_id":"wefunder:comment:111892","question":"Hi Kirill, yup, I did that yesterday, thx","author_name":"Matt B","votes":1,"created_at":"2020-10-23T12:27:19Z","canonical_url":"https://wefunder.com/fuelgems#question-111892","answers":[{"id":112074,"entity_id":"wefunder:comment:112074","answer":"Hi Matt, Thats excellent!","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-10-25T01:35:32Z"}]},{"id":111856,"entity_id":"wefunder:comment:111856","question":"Fernando/Kirill et al. The Question: does my investment qualify for the Early Bird $4.5M market cap? Answer: in your back office click My Investments. Directly under FuelGems is Contracts. Click Contracts and follow the process. That is/should be your investment contract in FuelGems. Cheers All","author_name":"Joseph LeRiger","votes":1,"created_at":"2020-10-23T01:10:19Z","canonical_url":"https://wefunder.com/fuelgems#question-111856","answers":[{"id":112073,"entity_id":"wefunder:comment:112073","answer":"Hi Joseph, Thank you so much for clarifying this.","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-10-25T01:35:08Z"}]},{"id":110901,"entity_id":"wefunder:comment:110901","question":"What happened to the 700K early investors benefits? It disappeared when I was about to invest. It’s at 696K.","author_name":"Fernando Soriano","votes":1,"created_at":"2020-10-18T18:01:05Z","canonical_url":"https://wefunder.com/fuelgems#question-110901","answers":[{"id":110957,"entity_id":"wefunder:comment:110957","answer":"Hi Fernando,Our early bird terms\u0026nbsp;disappeared at about $695k, this could be because there is a number of investors who made investments already whose investments did not post yet.\u0026nbsp; I do believe the current terms are also solid.\u0026nbsp;\u0026nbsp;","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-10-18T20:58:00Z"}]},{"id":110838,"entity_id":"wefunder:comment:110838","question":"Do you intend to pay dividends (post-SAFE conversion)?","author_name":"Craig J. Vom Lehn","votes":1,"created_at":"2020-10-18T00:57:47Z","canonical_url":"https://wefunder.com/fuelgems#question-110838","answers":[{"id":110844,"entity_id":"wefunder:comment:110844","answer":"Hi Craig,Thank you for your investment!\u0026nbsp;\u0026nbsp;Dividends are a good thing.\u0026nbsp;This is something\u0026nbsp;I support and we would\u0026nbsp;be interested to do for the stock holders when the time is right.\u0026nbsp; The company's priority will be to grow which will increase valuation and the value of investors stakes.\u0026nbsp;For instance, given we\u0026nbsp;raise further investment rounds in order to grow, we cannot pay dividends during this phase\u0026nbsp;because investors are putting in money for growth which means net profit is not enough to sustain growth.\u0026nbsp; The phase where the company reaches a steady state where it does not need further investment to grow is a when the business can afford to pay dividends.\u0026nbsp;\u0026nbsp;","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-10-18T01:15:16Z"}]},{"id":109050,"entity_id":"wefunder:comment:109050","question":"Hello Rodrigo/Kirill, If you have made your initial investment simply click the Green EDIT Button and that will open a second page which will allow you to increase your investment by the same payment method as the original. I have done this many times over the last few years. Kirill, I just increased my commitment yesterday with FuelGems. Cheers","author_name":"Joseph LeRiger","votes":1,"created_at":"2020-10-04T15:14:19Z","canonical_url":"https://wefunder.com/fuelgems#question-109050","answers":[{"id":109179,"entity_id":"wefunder:comment:109179","answer":"Hi Joseph, Thank you so much for answering Rodrigo's question!","author_name":"Kirill Gichunts","votes":0,"created_at":"2020-10-05T20:56:36Z"}]},{"id":108172,"entity_id":"wefunder:comment:108172","question":"Hello Kirill, I asked a previous question about patents/publications to which you replied a bit defensively it seems. I would like to clarify that I am a patent examiner and not a competitor. Also, I decided to invest here in your startup. I hope you are aware though that you won't be able to keep your product entirely secret. It may be clever to not publish in scientific reviews. However your patent will be published 18 months after its priority date. Hopefully you kept some details secret (the \"know-how\"). But the gist of the invention will in principle be revealed to the public then... are you aware of this? What will be your strategy to keep your advance? It is very important for you to have a good patent protection so as to prevent competitors to \"reverse engineer\" your invention... If you want to discuss this privately, let me know...","author_name":"Xavier Châtellier","votes":1,"created_at":"2020-09-28T14:19:39Z","canonical_url":"https://wefunder.com/fuelgems#question-108172","answers":[{"id":108174,"entity_id":"wefunder:comment:108174","answer":"Hi Xavier, Great to have you as an investor and thank you for investing. Thank you for your support. I do become a bit defensive when it comes to IP as some individuals, even in the questions below, questioned if we had it peer reviewed. Which is dangerous. Its critical to protect it. Yes, completely aware the patent will be published in 18 months. We filed a PCT and we will file it in key countries to get as much world-wide protection as we can. And we feel its critical to keep it private during this 18 month period. I need to check, PCT might give us a bit more time. We do have trade secrets as well. During the 18th month window we will file additional patents to gain additional protection for our technology. We retained a top-tier IP law firm, Knobbe Martens for our IP strategy. We will work hard to secure additional IP protection as this is critical so that once the invention does go public, and possibly copied, we will have the ability to sue and win.","author_name":"Kirill Gichunts","votes":2,"created_at":"2020-09-28T14:45:39Z"}]},{"id":107804,"entity_id":"wefunder:comment:107804","question":"Hi Kirill, Congratulations again on this amazing breakthrough that your company has done. I second that idea that Joseph suggested reaching out to governments especially California and the United State military. Best, Tim Cronin","author_name":"Tim Cronin","votes":1,"created_at":"2020-09-25T13:01:49Z","canonical_url":"https://wefunder.com/fuelgems#question-107804","answers":[{"id":107811,"entity_id":"wefunder:comment:107811","answer":"Hi Tim, Thank you very much for investing and for your support. It is great to have you join and support our vision. We view all our investors as heroes because there is a big pollution and climate change problem in the world that very few people address and try to change. I agree, Josephs point is excellent. We will work with the governments and will try for the USA military to become a client. Interestingly, the Australian military is interested.","author_name":"Kirill Gichunts","votes":2,"created_at":"2020-09-25T13:24:00Z"}]}],"faq":[{"question":"How will you go to market and when will you make money?","answer":"We have several companies who want to start using the product. One multi-billion company is giving us a signed MOU. Upon funding we will expand our manufacturing capacity and estimate we will generate revenue in two months."},{"question":"I am thinking to invest. Is your technology ready and is it patented?","answer":"Thank very much for your interest Frank. We look forward to have you as an investor. Our technology has been ready for mass production and licensing. Our friends and colleagues drove over 1 million miles using FuelGems additive. They said they achieved up to 15% in fuel saving, they liked the product and they purchased the additive from us. Our production capacity is small. This raise will enable us to greatly expand the production of the additive."},{"question":"The idea and potential of your product is huge. Who are your current investors and how did they verify that your additive works?","answer":"Sputnik ATX, a venture capital firm, invested in FuelGems. Sputnik ATX is headed by an Ivy League PhD physicist. The investors were familiar with the foundation of FuelGems technology, went over the technical information FuelGems provided, had discussions with FuelGems scientist and also provided funds for extensive engine testing of the additive. The testing was extensive and successful and was conducted using state of the art engine cell testing facility at Coventry University, United Kingdom."},{"question":"Will fuelgems expand to Europe/UK/Worldwide?","answer":"FuelGems will sell and license its technology worldwide. At this point we are in pilot/pre-pilot projects with corporations which are located in USA, Asia (Japan) and Europe."},{"question":"Is your intellectual property protected?","answer":"Our patent protects our nanoparticles. We plan to make our IP protection much stronger. We work with one of the best patent law firms our there."}]}}}