Piston operates a cardless payments network connecting commercial fleets with gas stations and convenience stores across the United States. Drivers pay through an app-generated QR code that ties each transaction to a specific vehicle, driver, time, location and fuel type, with authorisation built directly into point-of-sale systems rather than requiring third-party hardware. Crucially it moves money over its own rails rather than through card networks, removing interchange and the retail price markups that fleet cards typically carry. Founded in June 2024 by Vikram Sekhon and Shivam Shah, both
1StartupFox story
2024Founded
PaymentsSector
Sept 2026Latest coverage
Funding
Piston has raised $22M across 3 disclosed rounds, most recently a Series A in September 2026.
A Kolkata office opens with five employees. It grows to a 25-member team housing the company's entire engineering function, building the technology behind its US payments network. ↗
Jun 2024 · founded
Founded by Vikram Sekhon and Shivam Shah, both former fleet operators. Sekhon had dispatched 120 to 250 trucks daily and found fuel his second-largest expense after payroll. The pair join Pear VC's PearX W25 accelerator. ↗
October 2024 · funding
Pre-seed — $1.2M, led by Pear VC (lead).
April 2025 · funding
Seed — $6.1M, led by Spark Capital (lead).
September 2026 · funding
Series A — $15M, led by FPV Ventures (lead).
Sep 2026 · funding
Raises a $15 million Series A led by FPV Ventures, live at more than 2,000 stations across 48 states with point-of-sale integrations certified across systems covering over 95% of US merchant fuel sites. ↗
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Piston operates a cardless payments network connecting commercial fleets with gas stations and convenience stores across the United States. Drivers pay through an app-generated QR code that ties each transaction to a specific vehicle, driver, time, location and fuel type, with authorisation built directly into point-of-sale systems rather than requiring third-party hardware. Crucially it moves money over its own rails rather than through card networks, removing interchange and the retail price markups that fleet cards typically carry. Founded in June 2024 by Vikram Sekhon and Shivam Shah, both
Who founded Piston?
Piston is associated with Vikram Sekhon, Shivam Shah.
How much funding has Piston raised?
Piston has raised $22M across 3 disclosed rounds. The most recent was a $15M Series A in September 2026.
Who are Piston's investors?
Disclosed investors in Piston include FPV Ventures (lead), Spark Capital, Pear VC, Spark Capital (lead), BOND, Pear VC (lead), via PearX W25.
What is the latest news on Piston?
The most recent StartupFox coverage is “Piston Raises $15M for a US Fuel Network Whose Engineering Team Sits in Kolkata” (10 September 2026). All stories are listed on this page.
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