Air Company Secures $69M for Sustainable Aviation Fuel Advancement
Air Company, a pioneering carbon conversion technology firm, has successfully secured $69 million in Series B funding. This significant investment is aimed at advancing the company’s innovative technology, enhancing energy security, and driving emissions reductions in challenging sectors such as aviation.
The funding round was led by Avfuel, a leading global supplier of aviation fuel and services. Avfuel will serve as the preferred provider of distribution and logistics, as well as environmental attribute tracking and reporting for Air Company. Other notable participants in the round included Lowercarbon Capital, IQT (In-Q-Tel), Alaska Airlines, Connecticut Innovation’s Climate Tech Fund, Duncan Aviation, JSSI, and the owners of Sheltair Aviation. Existing investors Carbon Direct Capital, JetBlue Ventures, and Toyota Ventures also participated in the financing.
Air Company’s groundbreaking technology converts carbon dioxide into sustainable fuels through a streamlined, energy-efficient process. By leveraging abundant domestic feedstocks, the company ensures scalable fuel production. This technology has been validated through partnerships across both public and private sectors, including previously announced SAF (Sustainable Aviation Fuel) MOU agreements with major airlines and a $65 million contract with the Defense Innovation Unit.
The new capital will bolster Air Company’s engineering and R&D capabilities, accelerating the development of its advanced technology to meet increasing demand for clean fuels in both commercial and government sectors. Air Company is at the forefront of creating scalable sustainable aviation fuel (SAF) produced from carbon dioxide, which seamlessly integrates into existing aircraft and infrastructure. This investment represents a major advancement toward large-scale production of fully formulated, CO2-derived SAF.
Gregory Constantine, Co-Founder and CEO of Air Company, emphasized the modular design of their technology, which facilitates adoption and scalability. “This adds flexibility to fuel supply chains, strengthens energy security, and fosters domestic job creation,” he noted. Dr. Stafford Sheehan, Co-Founder and President of Air Company, highlighted the company’s commitment to transforming the energy sector with a vision for a sustainable and resilient future.
C.R. Sincock, Executive Vice President of Avfuel Corporation, underscored the critical challenge the aviation sector faces in meeting the growing demand for sustainable aviation fuel. “SAF represents a crucial pathway to decarbonization, and Air Company’s innovative CO2-derived SAF technology stands out as a leading solution. 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.”
The trust and support from investors underscore Air Company’s commitment to transforming the energy sector. With this significant funding, Air Company is poised to make significant strides in commercializing its carbon utilization technology and sustainable aviation fuels, contributing to a more sustainable future for the aviation industry.
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