ReFuel Mobile raises $2.5M to expand their footprint and technology
Funds will be used to invest in AI and machine learning technology and deliver more features
LONDON, Ont. and KITCHENER, Ont. — ReFuel Mobile announced that they have successfully raised $2.5 million in seed and debt funding from private investors. The funds will be used to support their service expansion across Ontario including Mississauga, Oakville, Windsor, Hamilton, Ottawa, Brampton, Markham and Vaughan.
Additionally, funds will be used to invest in AI and machine learning technology and deliver more features and an improved customer experience through their mobile application.
The new investment round will enable ReFuel Mobile to further capitalize on its position as a disruptor in the fuel industry in Canada, by providing an on demand fuel delivery service accompanied by the use of the latest technology.
“We’re on a mission to transform not only the fuel industry by creating a better way to get fuel,” said Ashraf Ghadban, CEO of ReFuel Mobile, in a prepared statement. “More importantly, we want to change consumer behaviour.”
Enhancing the mobile applications is a key area of focus for ReFuel Mobile, which will enable rapid growth in their touchless fuel delivery service.
“Over the past three years we have validated and refined the process to disrupt an industry that is prime for disruption. Rather than a consumer going to a gas station, their vehicle will let us know when they need fuel and our technology will autoschedule their delivery,” said Ghadban. “There are great things happening at Refuel in the months ahead and we look forward to sharing the news with everyone.”