Universal Fuel Technologies raised $3M in a seed round led by TO VC to advance its Flexiforming technology for sustainable aviation fuel production.

Oct 22, 2024•12 months ago

Amount Raised

$3 Million

Round Type

seed

Los AltosRenewable EnergyOil And GasEnergyManufacturing

Investors

World Star AviationClaire TechnologiesAlchemist AcceleratorTo Vc

Description

Universal Fuel Technologies has closed $3 million in funding to support its Flexiforming technology, which aims to reduce sustainable aviation fuel production costs by up to 50%. The seed round was led by TO VC, with participation from several investors, and will help establish lab space in Texas for SAF sample production.

Company Information

Company

Universal Fuel Technologies

Location

Los Altos, California, United States

About

Universal Fuel Technologies (Unifuel) specializes in sustainable aviation fuel production through its proprietary Flexiforming technology. This innovative process significantly reduces production costs and carbon emissions by converting various renewable materials into high-quality sustainable fuel. Unifuel's approach aims to create a 100% synthetic replacement for traditional jet fuels, optimizing feedstock resources and enhancing monetization opportunities for SAF producers. The company's technology supports the aviation industry's transition towards more sustainable energy systems.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns