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Innovative Fuel Systems: Funding, Investors & Team (Sep 2026)

An Edmonton-based alternative fuel systems provider, Innovative Fuel Systems (IFS), offers dual fuel systems for fixed and mobile engines, bi-fuel CNG and propane systems, fleet maintenance, and vehicle repair. We are a leader in the alternative fuels sector, with our headquarters located at 11435 156 St NW, Edmonton, Alberta, Canada. Our Dual Fuel conversion technology has been demonstrated in some of the most challenging environments, both nationally and globally.

www.innovativefuelsystems.com LinkedIn Edmonton, Canada 1-10 employees
Energy Fuel Oil and Gas
Total raised
$2.0M
Rounds
1
Latest
Undisclosed round
Feb 2023

Innovative Fuel Systems has raised $2.0M across 1 funding round on record, the most recent an undisclosed round of $2.0M announced in Feb 2023.

That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.

Innovative Fuel Systems Company Profile and Key Stats

Total funding raised
$2.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Undisclosed round
$2.0M in Feb 2023
Employees
1-10
reported band
Headquarters
Edmonton, Canada

Latest funding round on record: Feb 2023.

Innovative Fuel Systems Funding Rounds

Date
Round
Amount
Undisclosed round
$2.0M

Innovative Fuel Systems Founders and Leadership Team

Name
Role
Contact
Leland Oberst
CEO
Locked

Contact details for the Innovative Fuel Systems team: 1 of 1 has an email address on file.

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Innovative Fuel Systems Funding Compared to Other Energy Startups

Segment
Companies
Median round
2,284
$15M
3,081
$2.2M

Innovative Fuel Systems' latest round of $2.0M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.

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Innovative Fuel Systems Funding FAQs

What does Innovative Fuel Systems do?

An Edmonton-based alternative fuel systems provider, Innovative Fuel Systems (IFS), offers dual fuel systems for fixed and mobile engines, bi-fuel CNG and propane systems, fleet maintenance, and vehicle repair. We are a leader in the alternative fuels sector, with our headquarters located at 11435 156 St NW, Edmonton, Alberta, Canada. Our Dual Fuel conversion technology has been demonstrated in some of the most challenging environments, both nationally and globally.

How much funding has Innovative Fuel Systems raised?

Innovative Fuel Systems has raised $2.0M across 1 round on record. The most recent is an undisclosed round of $2.0M announced in Feb 2023.

When did Innovative Fuel Systems last raise funding?

Innovative Fuel Systems' most recent funding round on record is an undisclosed round of $2.0M, announced in Feb 2023.

Who is the CEO of Innovative Fuel Systems?

Leland Oberst is listed as CEO at Innovative Fuel Systems.

Where is Innovative Fuel Systems headquartered?

Innovative Fuel Systems is based in Edmonton, Alberta, Canada.

How many employees does Innovative Fuel Systems have?

Innovative Fuel Systems is in the 1-10 employee band.

How does Innovative Fuel Systems' funding compare to other Energy startups?

Innovative Fuel Systems' latest round of $2.0M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.

About FundedIQ's Innovative Fuel Systems Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Innovative Fuel Systems is left off this page rather than filled in.

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