Aether Fuels has raised $34 million in Series A funding for sustainable aviation fuel (SAF) development.
The round was led by AP Ventures, with participation from Chevron Technology Ventures, CDP Venture Capital SGR, Zeon Ventures Inc., Xora Innovation, TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures and JetBlue Ventures.
Funding will be used to scale Aether Aurora™, their proprietary biofuel technology. Unlike some other producers, their tech is able to utilize many types of waste carbon feedstocks.
Aether’s fuel is usable in both the aviation and marine sectors. The startup ultimately plans to make biofuels more accessible and affordable across a wide range of industries.
