Intellectual Property Acquisition Opportunity

Fuel Jack Limited

Hilco Streambank is seeking offers to acquire the intellectual property and associated assets of Fuel Jack Limited (“Fuel Jack” or the “Company”). 



Fuel Jack offers a real-time telematics product that provides intelligence on vehicle usage, idling, fuel use and fuel theft. Products in the telematics sector commonly operate through an interface with a vehicle’s Controller Area Network (CAN bus), thereby invalidating vehicle warranties. Many of the exiting products on the market do not provide fuel data. Unlike these products, Fuel Jack’s product monitors fuel levels directly, enabling more accurate, 24/7 and real-time fuel reporting – even while the engine is off. With fuel accounting for up to 40% of fleet operating costs, Fuel Jack’s patented, tested and accredited system incorporates a cloud based analytics suite for fuel, vehicle and driver management, in addition to a mobile alarm that provides immediate notification on the occurrence of fuel theft.

Assets for sale include Fuel Jack’s proprietary products and software, associated intellectual property, and the Fuel Jack brand.


McKinsey report the booming telematics market could be as large as $750bn globally by 2030. Over 50 telematics products exist within the UK market. These products commonly operate by taking data from a vehicle’s CAN bus, connections to which can require an expensive Fleet Management System gateway or invalidate vehicle warranties. Fuel calculations undertaken using this approach are based on an extrapolation of the insensitive fuel gauge of the vehicle using an algorithm, and therefore can be inaccurate. Furthermore, these systems are only active when the vehicle is switched on, limiting fuel monitoring feasibility to a window in which the driver is likely to be present.

Fuel Jack monitors fuel levels directly, enabling highly accurate reporting of fuel levels in real-time. The product consists of a Fuel Jack Sender and a Fuel Jack Box, which have been granted VOSA, FCC and E-Mark accreditations for use in UK vehicles. Due to the ease of connecting the Fuel Jack Sender with a vehicle, Fuel Jack’s approach does not invalidate vehicle warranties. Data from the system is displayed on a cloud-based analytics suite which provides actionable intelligence on fuel, vehicle and driver management, and a mobile alarm which provides an immediate alert on the occurrence of fuel theft.

Established in 2009, the Company has invested significant capital in development of the Fuel Jack system.

Available Assets


The Company has a suite of granted patents protecting the Fuel Jack product in the USA (US 8,928,473 B2), Canada (CA 2734259) and UK (GB 2462739).

Designs & Organisational Knowledge

Designs, know-how and technical data are available, supporting the manufacture, development and sale of the Fuel Jack product. These include PCB Board Designs relating to the Fuel Jack Box, in addition to installation and calibration procedures relating to the Fuel Jack Sender.


A bespoke, sophisticated, cloud-based telematics software suite has been developed by the Company. This has been developed to provide real-time analytics and monitoring of vehicles in which Fuel Jack is installed, with features on Fleet, Fuel Theft, Tampering, Accidents, Journeys, Miles per Gallon, and Idling. Fuel Jack’s software enables the building of a major data store of fuelling locations and vehicle information.


The Fuel Jack brand was established in 2013 and is well known within the space. The Company is trading and recognised by customers within the industry.


The Company has registered Trade Marks protecting its brand and logo. A Trade Mark schedule is available to download here.

Domain Name and Website

The content rich, professionally designed website and top-level domain name The site features marketing material, including high-definition videos, about the Fuel Jack product and opportunity for resellers.

Social Media Accounts

The Company has a social media presence on Facebook, Instagram, Vimeo, Twitter, Facebook and Youtube.

Tangible Assets

The Company has an inventory of approximately 100 Fuel Jack products that are available to a buyer.

Sale Process

Offers are due Friday, 13 September 2019 at Noon BST.

All expressions of interests and offers should be directed to Hilco Streambank in writing. A bid submission form for submitting offers is available to download here.

Key Terms & Conditions

The bidder acknowledges that Hilco acts as an agent for the Seller who offers for sale only what right, title and interest the Seller possesses in the intellectual property assets. The information provided has not been verified by Hilco or the Seller and bidders are deemed to have carried out their own due diligence of the assets.

A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. VAT at 20% will be added to the price. A buyer’s premium of 10% will be payable by the Buyer. Legal completion to occur within 5 business days of bid acceptance. Hilco Streambank's full Terms and Conditions apply. 

Contact Us

For further information about the sales process please contact the following Hilco Streambank representatives:

Interested Parties

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