Founder · Piston

Shivam Shah

Co-founder of Piston, a payments company based in United States.

Co-founderUnited StatesPayments
Founded
2024
United States
Raised to date
$22.3M
3 rounds on record
Latest round
Series A
$15M · September 2026

About

Shivam Shah is Co-founder of Piston, a payments company based in United States, founded in 2024. Piston's most recent disclosed round was a funding round of $15M in September 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2024
Piston
Payments · United States · Active

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

Funding
September 2026Series A$15MFPV Ventures (lead), Spark Capital, Pear VC
April 2025Seed$6.1MSpark Capital (lead), Pear VC, BOND
October 2024Pre-seed$1.2MPear VC (lead), via PearX W25
Company profile →3 rounds on record

Journey with Piston

3 milestones
  1. Apr 2023Milestone

    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.

  2. Jun 2024Founded

    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.

  3. Sep 2026Funding

    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.

Also building Piston

VSVikram SekhonCo-founder · CEO→

Coverage

1 story
Funding · 10 Sept 2026 · 7 min read
Piston Raises $15M for a US Fuel Network Whose Engineering Team Sits in Kolkata