Fuelled this month announced changes to its executive team alongside the launch of new software.
The Calgary-based “Amazon of surplus equipment” operates an online platform through which energy companies can acquire preowned tech and equipment.
The software features from Fuelled are “aimed at streamlining operations and boosting profitability for clients,” according to a statement from the firm.
This includes an updated app that reduces time and effort required for equipment cataloging, as well as software for internal teams that provides comprehensive insights into a company’s entire equipment inventory, facilitating seamless repurposing, avoiding phantom holds, and identifying items for sale.
“This software is a testament to our commitment to reinvest in our clients,” says Raj Singh, founder of Fuelled.
“As equipment costs have increased, companies are increasingly looking at used equipment and we are helping remove friction in this market,” the chief executive officer stated.
“Our mission has always been to empower energy companies with tools that drive efficiency and profitability,” he said.
Other new tech-forward features include an enhanced marketplace that simplifies the buying and selling process, as well as a consignment dashboard that tracks progress on sales, provides pricing and equipment market insights, and highlights pending sales so that teams can accelerate results.
“Fuelled is a great example of how the world of energy and tech are increasingly combining,” remarked Nate Glubish, who serves Alberta as Minister of Technology and Innovation. “Energy companies have always been technology adopters and it’s great to see global software from Fuelled come out of this.”
As for its executive shuffle, Fuelled announced that Austin Fraser was promoted to Head of Fuelled Consignment and Finance; Mark Le Dain was promoted to Head of Corporate Development; and Harsh Kansara was promoted to Operations & Supply Manager.
Fuelled claims its combination of over 20,000 listings across the United States, Canada, Europe and Asia, and over 2,000 users, represents the world’s most liquid market for complex equipment.
Founded in 2013, Fuelled has made The Globe & Mail’s annual list of top growing Canadian companies for five consecutive years since 2020.
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