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Pricelock

From Wikipedia, the free encyclopedia
Pricelock, Inc.
Company typePrivate
IndustryEnergy
Oil
Natural gas
FoundedRedwood City, California, United States (December 2006 (2006-12))
HeadquartersRedwood City, California and Washington (state), United States
Key people
Robert M. Fell, Founder & Executive Co-Chairman
Naveen Agarwal, Chief Executive Officer
ProductsFuel hedging
Fuel price risk management
Employee Incentive programs
Carbon footprint

Pricelock is an American oil company. It provides fuel hedging for small and medium-sized enterprises.[1]

Company history

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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

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References

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  1. ^ "Builders, landscapers use Pricelock to hedge fuel like Southwest". Bloomberg News. 2011-04-21. Retrieved 23 Jun 2011.
  2. ^ "Pricelock, Inc.: Private Company Information - BusinessWeek". 2011-10-03. Archived from the original on July 4, 2009. Retrieved 3 Oct 2011.
  3. ^ "Pricelock Raises $12 Million To Protect Companies From Increasing Fuel Prices". 2011-03-15. Retrieved 3 Oct 2011.
  4. ^ "Pricelock raises $12M to control fuel costs". 2011-03-15. Retrieved 3 Oct 2011.
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