FasterCapital is thrilled to announce the acceptance of FuelWell, a groundbreaking fuel combustion improvement technology startup, into its Accelerator Program. FuelWell's innovative plug-in devices offer a solution to reduce fuel consumption by up to 20% and CO2 emissions by 15% in internal combustion engines within the secondary transportation industry.

The startups is based in the United States and is currently raising a capital of $2M.

Hesham Zreik, CEO of FasterCapital, expressed excitement about the partnership, stating, "We believe in the potential of FuelWell to revolutionize the industry and make a significant impact on fuel efficiency and environmental sustainability."

Serhii Dubinevych, Founder & CEO of FuelWell, expressed gratitude for the opportunity, stating, "Joining FasterCapital's Accelerator Program is a significant milestone for FuelWell. We are excited to collaborate with industry experts and investors to drive our technology forward and bring sustainable solutions to the transportation sector."

FuelWell's innovative combustion catalyst technology combined with FasterCapital's support and guidance through the Acceleration Program sets the stage for a promising future in the field of fuel efficiency and emissions reduction.