About CNG Fuels
CNG Fuels is a company based in London (United Kingdom) founded in 2014 by Baden Gowrie-Smith and Philip Fjeld. CNG Fuels has raised $107.41 million across 4 funding rounds from investors including European Union, Foresight Group and EIC Fund. The company has 22 employees. CNG Fuels has completed 1 acquisition, including RTFS. CNG Fuels offers products and services including Biomethane Fuel and Refuelling Stations.
- Headquarter London, United Kingdom
- Employees 22
- Founders Baden Gowrie-Smith, Philip Fjeld
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website cngfuels.com
- Social LinkedIn X Instagram
- Legal Name Cng Fuels Ltd
- Annual Revenue$10.18 M (USD)173as on Mar 31, 2022
- Net Profit$53.26 K (USD)-94as on Mar 31, 2023
- Total Equity Funding$107.41M (USD)
in 4 rounds
- Latest Funding Round$32.82M (USD), Debt – Conventional
Nov 2025
- InvestorsEuropean Union
& 3 more
- Employee Count22
- Investments & Acquisitions
Products & Services of CNG Fuels
CNG Fuels offers a comprehensive portfolio of products and services, including Biomethane Fuel and Refuelling Stations.
Biomethane fuel is supplied for transport vehicles, contributing to emissions reductions
Public access stations and mobile units are operated for biomethane refuelling
Funding Insights of CNG Fuels
CNG Fuels has successfully raised a total of $107.41M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $32.82 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $107.41M
- Total Rounds 4
- Last Round Debt – Conventional — $32.82M
- First Round $54,360
(Mar 2016)
- Investors Count 4
All 4 funding rounds of CNG Fuels with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2025 | $32.82M | Debt – Conventional | – | Foresight Group | – |
| Dec 2020 | $107.41M | Private Equity Round | – | Foresight Group | – |
| Aug 2016 | $55,822 | Grant | – | – | |
| Mar 2016 | $54,360 | Grant | – | – |
4 investors in total: 4 institutional.
Investors in CNG Fuels
CNG Fuels has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Foresight Group and EIC Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Foresight Group is engaged in sustainable investment management. | 1984 | foresightgroup.eu | - | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Foresight Group is engaged in sustainable investment management. | – | foresight.group | - |
Investor details for CNG Fuels
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of CNG Fuels
8 people are tracked at CNG Fuels (6 in leadership, 2 in team); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
Baden Gowrie-Smith | Co-Founder & CFO | Leadership |
Philip Fjeld | Co-Founder & Director | Leadership |
Darren Yates | Head Of Engineering And Facilities | Leadership |
Peter Eaton | Sales & Business Development Director | Leadership |
Mike Scott | Construction Director | Leadership |
Michael Kuhn Ca | Group Finance Director | Leadership |
Josh Scott | Senior Project Manager | Team |
Jacqueline H. | CAD Designer | Team |
Complete people profiles for CNG Fuels
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by CNG Fuels
CNG Fuels has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include RTFS.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of biomethane sourcing, supply, trading, greenhouse gas, and other services | rtfs.uk.com | Beaconsfield, United Kingdom | 2017 | Apr 2023 | •••• |
Complete acquisition details for CNG Fuels
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of CNG Fuels
4 dated milestones of CNG Fuels across 11 years, from founding to its latest funding, stage changes and deals.
- Founded CNG Fuels is founded.
- Funding First funding round of $54K.
- Acquisition Acquires RTFS.
- Funding Latest funding round, Debt – Conventional, of $32.8M.
Web traffic of CNG Fuels
The website of CNG Fuels (cngfuels.com) receives about 5.1K visits a month.
- Monthly visits5.1K
▼ 26.5% vs previous month
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Frequently Asked Questions about CNG Fuels
CNG Fuels was founded in 2014 and raised its 1st funding round 2 years after it was founded.
CNG Fuels is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
CNG Fuels is a funded company, having raised a total of $107.41M across 4 funding rounds to date. The company's 1st funding round was a Grant of $54.36K, raised on Mar 2016.
CNG Fuels has 22 employees.
Annual revenue of CNG Fuels is $10.18M as on Mar 31, 2022.
CNG Fuels was founded in 2014 and is headquartered in London, United Kingdom. Operations focus on the renewable energy sector, where biomethane fuel derived from waste products is provided as a diesel alternative for heavy goods vehicles. A network of public refueling stations and mobile units is maintained to support fuel distribution. Emission reductions are achieved through these services, aiding logistics sustainability.
CNG Fuels offers Biomethane Fuel and Refuelling Stations.
CNG Fuels has made 1 acquisition, including RTFS.
CNG Fuels has 4 investors. Key investors include European Union, Foresight Group, EIC Fund, and Foresight Group.
CNG Fuels operates through Cng Fuels Ltd.