FLEET CYCLES INC.

Monona, WI · Founded 2021 · Energy · Private

Sustainable aviation fuel (SAF) production technology

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Updated Oct 23, 2026 · fleet-cycles.com

Sector: Energy
Headquarters: Monona, WI
Founded: 2021
Latest Form D: $740K, May 2025
Total capital: $3.7M

Federal grants: $1.5M; 4 awards · 2023–2024; Rank in peer group#16 of 53
Private capital raised: $740K; 1 Form D · last May 2025; 17 months since last filing
Federal contracts: $1.4M; 3 awards · Defense; Rank in Energy#107 of 998
Granted patents: None on recordNo USPTO grants. Applications publish after 18 months.

Capital timeline

Latest events

May 2025Private capital raisedForm D · SEC · 1st filing$740K
May 2024Federal grantDefense · Phase I · Utilizing The Pem-v (personal Electric Mobility Vehicle) To Enhance Security Force Operations And Logistics Readiness For Home-station And Deployed Austere Locations By Increasing Capabilities And Cost-effective Utilization$108K
May 2024Federal contractDefense · Utilizing The Pem-v (personal Electric Mobility Vehicle) To Enhance Security Force Operations And Logistics Readiness For Home-station And Deployed Austere Locations By Increasing Capabilities And Cost-effective Utilization$108K
Feb 2024Federal grantDefense · Phase II · Utilizing Electric Cargo Bikes For Flightline Maintenance Support To Provide Cost Effective Readiness And Improve Warfighter Health$1.2M
Feb 2024Federal contractDefense · Utilizing Electric Cargo Bikes For Flightline Maintenance Support To Provide Cost Effective Readiness And Improve Warfighter Health$1.2M
Dec 2023Federal contractDefense · Utilizing The Personal Electric Mobility Vehicle (pem-v) To Support And Enhance Agile Combat Employment (ace) Operation$108K
Dec 2023Federal grantDefense · Phase I · Utilizing The Personal Electric Mobility Vehicle (pem-v) To Support And Enhance Agile Combat Employment (ace) Operation$108K

Show 1 earlier federal award

May 2023Federal grantDefense · Phase I · Utilizing electric cargo bikes for flightline maintenance support to provide cost effective readiness and improve warfighter health.$73K

Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.

Federal first

24months

from FLEET CYCLES INC.’s first federal award to its first private round.

First federal award · May 2023: Defense · $73K
First Form D · May 2025: $740K · 1st Form D
Awards before first raise: 7 awards

An association in public records, not a cause or a prediction.

Standing among 53 peers

Line = median

Energy · Material

Federal grants#16 · top 30%

Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.

Founders and team

Researcher links verified by same-company patents and grants

Michael BasarichResearcherExecutive Officer, DirectorLinked by $73K in grants as PI
Chad DeBakerExecutive Officer, DirectorNamed in SEC Form D filings
Lillian MormannDirectorNamed in SEC Form D filings

What it has protected

No granted patents are on record.

USPTO usually publishes applications 18 months after filing, so recent applications may not be visible yet. Patents assigned under a different entity name won’t match.

Checked: USPTO granted patents and published applications · Oct 23, 2026

VURONYX TECHNOLOGIES LLCSimilar federal contract value in Energy · $1.5M in contracts
Little Prairie ServicesSimilar federal contract value in Energy · $1.5M in contracts
Enovix CorpSimilar federal contract value in Energy · $1.4M in contracts
CECILIA ENERGY INC.Similar federal contract value in Energy · $1.4M in contracts
OPTICSLAH, LLCSimilar federal contract value in Energy · $1.4M in contracts
Nanoramic, Inc.Similar federal contract value in Energy · $1.4M in contracts

Regulatory activity · Energy

Sector-level, not company-level

09 Jul 2026Air Plan Approval; Michigan; Redesignation and Maintenance Plan for the Partial St. Clair 2010 1-Hour Sulfur Dioxide (SO2) NAAQS Nonattainment AreaEnvironmental Protection Agency
02 Jul 2026Air Plan Approval; Delaware; 2006 24-Hour Fine Particulate Matter Limited Maintenance Plan for the Philadelphia Nonattainment AreaEnvironmental Protection Agency
02 Jul 2026Air Plan Approval; Oklahoma; Updates to the State Implementation Plan for New Source Review Permitting and General SIP ProvisionsEnvironmental Protection Agency
01 Jul 2026List of Approved Spent Fuel Storage Casks: NAC International, Inc., MAGNASTOR® Storage System, Certificate of Compliance No. 1031, Amendment Nos. 16 and 17 and Revisions to Amendment Nos. 0 Through 16Nuclear Regulatory Commission
30 Jun 2026Epyrifenacil; Pesticide TolerancesEnvironmental Protection Agency
30 Jun 2026Fluoxapiprolin; Pesticide TolerancesEnvironmental Protection Agency

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.

Sources

Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.

How to read this page

Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.

Data freshness

SEC Form D filings through Oct 23, 2026. SBIR and STTR awards through Oct 21, 2026.