A company that uses a mobile truck to go on location and turn waste grease into biodiesel has raised nearly $1 million in funding. This article from the Minneapolis/St. Paul Business Journal says Revolution Fuels, a startup that mounts equipment for converting grease to biofuel on trucks, rounded up the money through the sale of equity and securities.
Revolution plans to dispatch its trucks to food makers and other businesses that produce waste grease, according to its website. Equipment on the vehicles then converts grease into fuel. Customers can keep the fuel or let Revolution sell it.
The company is led by for Cargill vice president Julie Wheeler.