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One company looking to disrupt the traditional fueling industry with on-demand fuel delivery for fleets of various sizes is EzFill Holdings Inc. (NASDAQ:EZFL), located in South Florida.
Avoiding routine trips to the pump provides fleet operators multiple opportunities to make their business more efficient.
Not having drivers take time out of their day to go to the gas station cuts down on driver down-time, increases route optimization, and helps maintain on-time schedules.
Less trips to off-site stations means less accumulation of vehicle mileage and wear & tear on vehicles which reduces overall maintenance costs.
Operators also receive ancillary benefits such as a reduction on potential misuse of corporate fuel cards.
Finally, on-demand fueling also helps corporate “Green” initiatives by cutting down emissions through the centralization of the fueling program.
Expanding to National Fleets
EzFill is located in South Florida and is eyeing expansion through partnerships with fleet operators with a multi-state or national presence.
EzFill, which reported revenue of $1.9 million in the third quarter 2021 amid delivery of just under 581,000 gallons of gas, said it had purchased 33 additional fuel trucks October 11, more than tripling its current fleet size. The new trucks, which will be delivered over the next several months, will mainly support the company’s expansion plans in its home state of Florida as well as other select markets.
EzFill reports that it will also hire drivers and other personnel to back up the fleet expansion.
Yoshi, an Exxon Mobil Corp. (NYSE:XOM)-backed company, offers a similar fuel delivery business model to EzFill. EzFill says it offers a far more diverse product selection model and caters to a larger group of vehicles.
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