AIR COMPANY raised $69 million in a Series B funding round led by Avfuel to finance engineering and research for producing sustainable aviation fuel.

Sep 18, 2024•11 months ago

Amount Raised

$69 Million

Round Type

series b

BrooklynManufacturingSustainabilityConsumer GoodsSoftware

Investors

Jet BlueToyotaLowercarbon CapitalAlaska AirlinesAvfuel

Description

AIR COMPANY secured $69 million in its Series B funding round, with Avfuel leading the investment. The funds will be used to enhance engineering and research efforts focused on converting carbon dioxide into climate-friendly products.

Company Information

Company

AIRCO

Location

Brooklyn, New York, United States

About

AIRCO is a world leader in carbon conversion technology, paving the way to global energy security by transforming CO₂ into a valuable resource. The company has commercial partnerships with airlines including JetBlue and Virgin Atlantic, amongst others, and has been awarded multiple government contracts, including with NASA and the United States Department of Defense's Defense Innovation Unit. The company has received industry recognition through awards such as Time Best Inventions, Inc. Best in Business, Fast Company World Changing Ideas, and the XPrize for Carbon Removal.

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