FuelTrax
FuelTrax provides patented, real-time electronic fuel management systems using Coriolis mass flow meters and Iridium satellite connectivity for offshore support vessels, oil-major charterers, inland waterways, and defense customers worldwide.
- Company typePrivate
- Founded2005
- HeadquartersSpring, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What FuelTrax does
FuelTrax, a product of Nautical Control Solutions, LP, is a Houston-headquartered provider of marine Electronic Fuel Management Systems (EFMS) for offshore support vessels, oil-major charterers, inland waterway operators, and defense customers. Founded in 2005–2006, the company has accumulated more than 1,000 vessel deployments globally across 800+ vessel owners, charterers, and operators. Its core offering combines Coriolis mass flow meter hardware with onboard computers, secure Iridium satellite data transmission, and the FUELNET web portal to deliver real-time fuel consumption measurement, fuel density monitoring, GPS tracking, and operational intelligence at claimed 99%+ uptime and 99.5%+ measurement confidence.
The platform is built around a patented end-to-end architecture that integrates sensors, secure satellite communications, and a cloud-based dashboard suite (Fueltrax Vision, Mobile, and the FUELNET operations portal). FuelTrax monetizes through a hybrid model: one-time hardware/installation/license revenue for the EFMS equipment plus recurring subscription revenue for monitoring, 24/7 Vessel Operations Center overwatch, and active fleet management services, with multi-year contracts and quote-based enterprise pricing. The company has expanded its product surface to include Fueltrax Expedition for off-grid land-based and military fuel management, and has secured SAEC (PEMEX) compliance plus acceptance by all major oil companies, including Saudi Aramco (135 installations) and Tidewater (41-vessel carbon reduction program). It reaches customers through direct enterprise field sales, regional offices in Houston, Kuala Lumpur, and Saudi Arabia, regional service partners such as Integrated Marine Solutions (IMS), and participation in maritime industry conferences globally.
FuelTrax firmographics
Firmographics- Name
- FuelTrax
- Legal name
- Nautical Control Solutions
- Website
- https://fueltrax.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FuelTrax provides patented, real-time electronic fuel management systems using Coriolis mass flow meters and Iridium satellite connectivity for offshore support vessels, oil-major charterers, inland waterways, and defense customers worldwide.
- Ownership category
- akta.pro rank
FuelTrax industry classification
Industry- Product category
- Marine Fuel Management Systems
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Engines & Turbines (3510)
- akta.pro primary industry
- Fleet Fuel & Energy Management (Fuel Programs, EV Charging Ops) (TLABAIAI)
- akta.pro secondary industries
- Fuel, Idling & Emissions/Carbon Analytics (TLABAJAF), Fleet Fuel Price Optimization & Purchasing Programs (TLABAMAB)
Keywords
Where FuelTrax is headquartered
LocationHeadquarters
- HQ city
- Spring
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
FuelTrax business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Electronic Fuel Management System (EFMS) Hardware and Software: Fueltrax generates revenue through sale and installation of its proprietary Electronic Fuel Management System, which includes hardware (sensors, mass flow meters, onboard computers) and software (FUELNET platform). The system delivers over 99% uptime and is accepted by all major oil companies.
- Subscription and Monitoring Services: Ongoing subscription-based services for real-time monitoring, 24/7 operational support through Vessel Operations Centers, health monitoring, and diagnostic overwatch. Provides continuous visibility into fuel activity and fleet performance.
- Installation and Deployment Services: Professional installation, commissioning, and deployment services for vessel EFMS installations. Includes turnkey deployment ensuring proper component installation, schedule coordination, and support setup.
- Maintenance and Support Services: Long-term maintenance, spare parts planning, remote diagnostics, and crew training services to sustain system performance over vessel operational lifetime.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom enterprise pricing based on fleet size and requirements |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
FuelTrax product offering
Product offeringCore offering
FuelTrax sells a patented Electronic Fuel Management System (EFMS) for marine vessels and land-based fleets, combining Coriolis mass flow meter hardware, secure Iridium satellite transmission, and the FUELNET web platform to provide real-time fuel consumption monitoring, theft detection, and fleet performance reporting. Customers purchase the hardware/software bundle, then subscribe to ongoing monitoring, Active Fleet Management services, and 24/7 Vessel Operations Center support for fuel optimization and ESG reporting.
Differentiator
Problem solved
Functional benefit
Brands
- FUELNET: Web portal platform for fuel activity and fleet performance review, accessible to vessel crews, shore teams, and charterer personnel.
- Fueltrax EFMS
- Fueltrax Vision
- Fueltrax Mobile
- Fueltrax Expedition
Products and services
- Fueltrax EFMS (Electronic Fuel Management System) Patented marine fuel management system combining Coriolis mass flow meter hardware, onboard computers, and secure Iridium satellite transmission to deliver real-time, end-to-end fuel consumption measurement, density sensing, and theft detection for any vessel, engine, or fuel type. Sold to vessel owners, charterers, and oil & gas operators globally.
- FUELNET Cloud-based fleet management portal and reporting platform providing 24/7 web access to vessel fuel data, operational metrics, ESG reporting, and fleet performance dashboards for vessel crews, shore teams, charterers, and management.
- Fueltrax Expedition Land-based fuel management solution designed for off-grid and remote operations, self-powered and self-contained with secure satellite data transfer, targeting construction, infrastructure, military, and other terrestrial fuel management scenarios.
- Active Fleet Management Service Expert 24/7 operational overwatch service from Fueltrax's Vessel Operations Centers providing dedicated fleet optimization support, remote diagnostics, health monitoring, and achievement of customer-specific business goals.
Quantifiable outcome
- 99%+ system uptime
- +9 more outcomes
Companies that use FuelTrax
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles4 records
FuelTrax technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature8 records
FuelTrax partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- Saudi National Maritime Academy (NMA)coreFueltrax partnered with Saudi National Maritime Academy to train the next generation of Saudi mariners in sustainability and fuel optimization. The initiative introduces cadets preparing for deck and engineering officer careers to fuel optimization tools they will encounter during offshore operations. This supports Saudi Arabia's Vision 2030 Saudization goals by upskilling local workforce for emerging economies.
- Integrated Marine Solutions (IMS)coreFueltrax partnered with IMS to create a centralized service hub in Northeastern Saudi Arabia, the main gateway to support the marine industry in the region. IMS aims to provide a full spectrum of offshore vessel requirements. Faisal Alzahrani, IMS Managing Director, became Share Holder of Fueltrax Saudi Arabia to ensure real-time support for current and future clients.
- Rawabi EnergyflagshipRawabi Energy partnered with Fueltrax to apply fuel management solution across its fleet. This resulted in 7.8% reduction in fuel consumption without disrupting operations. Rawabi Energy is installing Fueltrax solution across its fleet of 160 vessels serving Aramco. Reduction means 4 million kg CO2 emissions reduction per year.
- TidewaterflagshipIn 2022, Fueltrax partnered with Tidewater on their carbon emissions reduction project. A 90-day pilot developed into a partnership across 41 vessels with EFMS installations. In the first 12 months, the partnership saved nearly 2.5 million gallons of fuel, $9.7 million USD in costs, and 19,336 Mt of CO2 with a payback period of just over one year.
- Major Southeast Asian Oil CompanycoreMajor global oil company in Southeast Asia selected Fueltrax for their vessel operators. Of 30 ships that implemented a fuel management system at the oil company's urging, 28 chose Fueltrax EFMS after evaluation. This resulted in 38 total vessels using Fueltrax in the fleet, solidifying Fueltrax as market leader.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
FuelTrax competitors and assessment
Company assessmentMarket position
Competitive moat7 records
Key risks5 records
Key highlights7 records
Customer concentration
FuelTrax social profiles
Digital presenceFuelTrax compliance and trust
Trust signalCompliance1 record
FuelTrax financial estimates
Financial estimateRevenue estimate
Valuation estimate
FuelTrax leadership team
Management profileNumber of profiles
Profiles11 records
FuelTrax funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FuelTrax M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FuelTrax
What does FuelTrax do?
FuelTrax sells a patented Electronic Fuel Management System (EFMS) for marine vessels and land-based fleets, combining Coriolis mass flow meter hardware, secure Iridium satellite transmission, and the FUELNET web platform to provide real-time fuel consumption monitoring, theft detection, and fleet performance reporting. Customers purchase the hardware/software bundle, then subscribe to ongoing monitoring, Active Fleet Management services, and 24/7 Vessel Operations Center support for fuel optimization and ESG reporting.
Is FuelTrax a public or private company?
FuelTrax is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FuelTrax founded?
FuelTrax was founded in 2005. It employs 11 to 50 people.
Where is FuelTrax based?
FuelTrax is headquartered in Spring, United States, in the North America region.
How does FuelTrax make money?
Four revenue lines are on record. Electronic Fuel Management System (EFMS) Hardware and Software is the primary driver. The others are subscription and Monitoring Services, installation and Deployment Services and maintenance and Support Services.
Does FuelTrax have an API?
No public API is recorded for FuelTrax.
What industry is FuelTrax in?
FuelTrax's product category is Marine Fuel Management Systems. Its primary akta.pro industry code is TLABAIAI, Fleet Fuel & Energy Management (Fuel Programs, EV Charging Ops), with a secondary code of TLABAJAF, Fuel, Idling & Emissions/Carbon Analytics. Its SIC code is 3823.