In Switzerland, Metafuels announced its latest, oversubscribed $9 million round – led by Celsius Industries (fka UNTITLED and anchored by the Tetra Laval industrial family). Other new investors are RockCreek, Fortescue Ventures, Verve Ventures, with existing investors Energy Impact Partners (EIP) and Contrarian Ventures also participating. Metafuels has now raised $22 million in just over two years, making it one of Europe’s best funded sustainable aviation fuel startups.
The round follows several technological breakthroughs in 2023 and 2024, which herald the next phase of Metafuels development cycle – moving from lab research to demonstration and production scale-up. Additionally, Metafuels – alongside the PSI Institute – has recently secured a $5 million grant from the Swiss Government’s Federal Office of Energy.
In May this year, Metafuels announced that it has signed an agreement with European Energy to set up a synthetic sustainable aviation fuel (e-SAF) facility in Denmark. The facility will produce approximately 12,000 liters of e-SAF daily. The project development phase is underway, with Metafuels already engaged in early offtake conversations, including through a potential buyers’ alliance with airlines, fuel suppliers, airports, and corporate travelers alike.
Tags: Metafuels, Switzerland
Category: Fuels
