Boston Startup Looks to Fuel the City – Literally

October 3, 2015
by Admin
 

By: Joe
Any commuter or Boston resident who owns a car is aware of one very frustrating reality: finding gas in Boston is quite the challenge. With only a few gas stations spread throughout the city, car owners are often forced to head outside the city to refuel. The hope of fueldrop is to prevent this problem by delivering gas directly to its customers, according to the Boston Herald.
The concept is simple. Users enter credit information and specific details of their automobiles and leave the gas door open if necessary. Fueldrop takes care of the rest, filling the car’s tank and moving onto the next.
The company, founded by three classmates in the Massachusetts Institute of Technology’s New Enterprises course, expect to be in fuel gear by next summer. Users will be able to order as much gas as they need and pay a $10 delivery charge. CEO Josh Jensen, chief operating officer Nathan McMullin and chief technology officer Karla Guardado were semifinalists in the MIT $100K Entrepreneurship Competition and were the clear favorite of attendees, landing the audience choice award.
Below is a recap of the rest of this week’s news and developments from Boston’s startup scene.
BostInno: How a Boston Startup Brought Special Water from Turkey to Your Local Stop & Shop
Most people think water is water, but Land of Water, the brainchild of Bentley University alumnus Rajesh Advani, believes naturally alkaline water is the key to true health. Land of Water distributes Saka Water, which uses water directly from a spring, rather than artificially altering the pH level, which has made it a popular choice among Boston’s health-conscious residents.
The success of Advani and his team has resulted in more opportunities for aspiring entrepreneurs at Bentley. He and his team work with marketing classes to design and run campaigns to drive sales for Saka Water. The most recent group raised $10,000 in fewer than two months.
BetaBoston: Boston startup behind a new benefit for debt-saddled workers: Student loan relief
Gradifi, a Boston startup that operated in stealth until earlier this week, hopes to make it easier for workers to pay off student loan debt by establishing accounts similar to 401(k) retirement funds. The company, which has 12 employees and about $3 million in seed investments, administers accounts that draw directly from income to pay down student loans.
Its launch also came with the announcement of its first major client – PricewaterhouseCoopers. The globally known accounting and consulting firm will use Gradifi to help employees pay off their college debts. PwC will pay an additional $1,200 annually for up to six years for each employee. The accounts are entirely free for users, with employers footing the $3 to $5 monthly fee per account.
The Associated Press: Colleges give legal hand to student startups
Navigating the legal aspect of entrepreneurship can be difficult for anyone with extensive training in business law. With this in mind, MIT recently partnered with Boston University Law School to offer free legal clinics to students trying to start their own companies. BU law students run the clinic, which teaches attendees how to protect their intellectual property, work with investors and navigate other legal challenges.
Similar programs have emerged throughout the United States, as young entrepreneurs around the country have faced scrutiny for unknowingly failing to comply with certain state and federal laws.
What are your favorite Boston-based stories from week? Tell us what we missed.
 
 

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