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