Aether Fuels lands $34M Series A round

In Illinois, Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors. AP Ventures led the round, which also includes Chevron Technology Ventures, CDP Venture Capital and Zeon Ventures. Series Seed lead investor Xora Innovation and other existing investors TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures and JetBlue Ventures also participated.

With this financing, Aether plans to accelerate the scale-up of Aether Aurora™, the company’s proprietary technology to create sustainable fuels for the aviation and ocean shipping industries. Aether Aurora, which leverages technology licensed from Aether’s strategic partner GTI Energy, delivers breakthrough economics via a transformed Fischer-Tropsch (FT) process by combining innovations in chemistry (catalysts), equipment (reactors), and process flows to slash plant investment and operating costs, while simultaneously driving up yield. It is also highly flexible, enabling the conversion of a wide range of abundant waste carbon feedstocks into jet fuel and other liquid hydrocarbons and therefore overcomes the supply constraints faced by many other sustainable aviation fuel (SAF) production processes.