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Pricelock is an American oil company. It provides fuel hedging for small and medium-sized enterprises.[1]
| Company type | Private |
|---|---|
| Industry | Energy Oil Natural gas |
| Founded | Redwood City, California, United States (December 2006) |
| Headquarters | Redwood City, California and Washington (state), United States |
Key people | Robert M. Fell, Founder & Executive Co-Chairman Naveen Agarwal, Chief Executive Officer |
| Products | Fuel hedging Fuel price risk management Employee Incentive programs Carbon footprint |
Company history edit
Founded in 2006, Pricelock is headquartered in Redwood City, California.[2] A deal with Chrysler in May 2008 guaranteed new-car buyers a gasoline price of $2.99 for three years. While the deal didn't stop Chrysler from going into bankruptcy, it brought Pricelock 24,500 new customers, and led to a similar deal with Hyundai. In March 2011, Pricelock raised over $12 million in second-round financing, and expects to be profitable by the end of 2012.[3][4]
See also edit
References edit
- ^ "Builders, landscapers use Pricelock to hedge fuel like Southwest". Bloomberg News. 2011-04-21. Retrieved 23 Jun 2011.
- ^ "Pricelock, Inc.: Private Company Information - BusinessWeek". 2011-10-03. Archived from the original on July 4, 2009. Retrieved 3 Oct 2011.
- ^ "Pricelock Raises $12 Million To Protect Companies From Increasing Fuel Prices". 2011-03-15. Retrieved 3 Oct 2011.
- ^ "Pricelock raises $12M to control fuel costs". 2011-03-15. Retrieved 3 Oct 2011.
