AIR COMPANY secures $69m to scale up SAF production

Carbon conversion technology company AIR COMPANY announced that it has raised a substantial $69m in Series B funding to commercialise its innovative technology and produce sustainable aviation fuel (SAF) at scale.

“The trust and support from our investors underscore our commitment to transforming the energy sector with a vision for a sustainable and resilient future,” said Steve Jbara, board chairman, AIR COMPANY.

Led by Avfuel, a global leader in aviation fuel and services, the funding round also included participation from strategic investors such as Lowercarbon Capital, IQT (In-Q-Tel), Alaska Airlines, and existing backers like Carbon Direct Capital, JetBlue Ventures, and Toyota Ventures.

The new capital will be used to bolster AIR COMPANY’s engineering and research and development capabilities, accelerating the development of its advanced technology to meet the surging demand for clean fuels in both commercial and government sectors.

The company’s innovative process converts CO2 into SAF, which seamlessly integrates into existing aircraft and infrastructure.

“SAF represents a crucial pathway to decarbonisation, and AIR COMPANY’s innovative CO2-derived SAF technology stands out as a leading solution,” said C.R. Sincock, executive vice president, Avfuel Corporation. “By partnering with AIR COMPANY, Avfuel is committed to accelerating the widespread adoption of this high-performing fuel and driving meaningful emissions reductions across the industry.”

AIR COMPANY said that its technology has been validated through partnerships with major airlines. The company’s modular approach to production enables scalable and flexible fuel supply chains, strengthening energy security and fostering domestic job creation.

AIR COMPANY aims to scale its operations and make an impact on the aviation industry by scaling production.