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- AIR COMPANY Raises $69M Series B for CO2-Derived Sustainable Aviation Fuel
AIR COMPANY Raises $69M Series B for CO2-Derived Sustainable Aviation Fuel
Slice of Energy Team
September 23, 2024
Key Highlights:
AIR COMPANY secures $69M in Series B funding to advance carbon conversion technology for sustainable aviation fuel (SAF).
Avfuel led the round and will provide logistics, distribution, and environmental attribute tracking for AIR COMPANY.
Funding accelerates AIR COMPANY’s modular, scalable fuel production to meet demand in commercial and government sectors.
AIR COMPANY partners include JetBlue, Virgin Atlantic, and the U.S. Department of Defense.
Source: Business Wire
Notable Quotes:
“SAF represents a crucial pathway to decarbonization, and AIR COMPANY’s innovative CO₂-derived SAF technology stands out as a leading solution.”
“Our technology is designed to be modular to facilitate adoption and scalability.”
“This adds flexibility to fuel supply chains, strengthens energy security, and fosters domestic job creation.”
Our Take:
The $69M Series B funding is a significant milestone in the transition to sustainable aviation fuel (SAF). AIR COMPANY’s CO₂-derived SAF technology not only meets current industry demands but positions itself as a scalable solution for long-term energy security and emissions reduction. With Avfuel’s involvement, the widespread adoption of SAF across the aviation sector could see rapid acceleration, fostering innovation in both commercial and government applications. The modular nature of AIR COMPANY’s technology could revolutionize fuel supply chains, creating a resilient framework for the future of aviation fuel production.