SAF startup Sora Fuels raises $6m in seed funding

US-based sustainable aviation fuel (SAF) production startup Sora Fuels announced it has raised an oversubscribed $6m seed round.

The round was led by Engine Ventures, with Wireframe Ventures and others participating.

“Sora Fuel’s technology eliminates 90% of the energy currently required in standard DAC processes, opening up an entirely new and more sustainable path for producing carbon negative fuels,” said Gareth Ross, co-founder and CEO of Sora Fuel. “Our patented, closed-loop system enables the direct generation of an economical product and overcomes widespread feedstock constraints, allowing us to produce SAF at prices comparable to current Jet A fuel.”

The company said the funds will be used to expand its Boston-based team, develop commercialisation partnerships and further advance the company’s novel technology.

“The company’s novel technology includes a liquid bicarbonate electrolyzer that delivers direct air capture (DAC) CO2 at just $20 per ton, operating in a fully closed-loop system that uses only water and renewable electricity to produce syngas,” the company said in its press release.

Sora Fuel said that its technology produces SAF at lower costs that existing processes.