GREENPRINT SECURES CAPITAL TO EXPAND CARBON NEUTRAL FUEL SOLUTIONS
Series A Round Investment Led By Entrepreneur David Cummings, Far Surpasses Company's Goal
ATLANTA, June 16, 2015 (Newswire.com) - GreenPrint LLC, creator of the world's first carbon neutral gasoline, today announced it secured nearly $1 million in Series A funding. The investment, which more than doubled the company’s initial ask, closed in less than two months. The round was led by David Cummings, Michael Berkman and other business leaders who believe in the company’s potential to deliver profits with a purpose.
GreenPrint will use the funding to expand its eco-friendly value-added solutions into new markets and verticals, including its corporate, fleet, and retail solutions. “The success we saw during our pilot in Atlanta area BP Stations validated our model and consumers’ adoption of services which are socially responsible,” says Peter Davis, CEO of GreenPrint. “This funding allows us to further our mission to deliver reduced emission fuel to consumers across the country, while also building strong goodwill and returns for our partners.”
In less than a year, GreenPrint has established an impressive list of retail petroleum and fleet clients, representing more than 1,300 retail locations and 50,000 fleet vehicles respectively. The company expects to be profitable by the fourth quarter and is on track to have reduced the monthly tailpipe emissions of over 1.2 million U.S. drivers in 2015. That will equate to the elimination of more than 500,000,000 pounds of CO2e emissions.
“Few businesses achieve this much traction so quickly,” states David Cummings, GreenPrint investor. “Rarely do you find a company with the potential to become both a very large and profitable business and at the same time have such a positive impact on society. GreenPrint is proving that philanthropy can successfully fit into the normal flow of commerce.”
Other Series A investors share this optimism. "This is like déjà vu,” says Michael Berkman, investor and advisor to GreenPrint. “When I’ve invested in Davis before, he found fast success. In a previous business related to loyalty and affinity marketing, he quickly assembled a team and signed an impressive list of top bank and airline loyalty clients such as Citi Bank, SunTrust, Chase, American, Delta, United Airlines, and many others.”
In addition to investing in other areas of growth, the funding will be used to develop GreenPrint’s partnership with The Arbor Day Foundation. The Foundation joins Trees Atlanta and a number of other organizations GreenPrint works with to offset emissions and other greenhouse gases both locally and globally.
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About GreenPrint
Headquartered in Atlanta, GreenPrint is the world's leading innovator of carbon neutral fuel solutions. GreenPrint enables consumers to drive their cars, heat their homes, and live their everyday lives without leaving a carbon footprint. The company's patent-pending solutions also provide municipal and commercial fleet managers and petroleum retailers the ability to build goodwill, enhance brand loyalty, and/or increase market share.
For more information visit http://www.GreenPrintCorp.com.