Piston Raises $7.5M in Seed Funding

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Here’s a summary of the information requested:

Piston Overview

  • Startup Name: Piston
  • Website: usepiston.com
  • Founders: Vikram Sekhon and Shivam Shah
  • Location: Cupertino, CA (with operations in Lehi, UT, and Kolkata, India)

Fundraising Details

  • Funding Amount: $7.5 million
  • Funding Series: Seed funding
  • Date of Fundraise: December 6, 2025

Investors

  • Lead Investor: Spark Capital
  • Participating Investors: Pear VC, BOND

Business Model

  • Description: Piston provides a cardless payments platform connecting commercial fleets and gas stations, replacing outdated card-based systems with secure and intelligent transactions.

Current Metrics

  • Fleets Served: Over 120
  • Gas Stations: 800+
  • Annualized Volume: More than $20 million
  • Growth Rate: 50% month-over-month

Objectives

  • Use of Funds: Scale go-to-market operations and expand the network of independent gas stations and commercial fleet partners.
  • Hiring Plans: Actively hiring across go-to-market, product, and engineering teams.

Feel free to ask if you need more details!

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2025-06-12 10:48:28