Universal Fuel Technologies raised $3M in a seed round led by TO VC to advance its Flexiforming technology for sustainable aviation fuel production.
Universal Fuel Technologies raised $3M in a seed round led by TO VC to advance its Flexiforming technology for sustainable aviation fuel production.
10/22/24, 10:11 AM
Location
los altosMoney raised
$3 million
Industry
renewable energy
oil and gas
energy
manufacturing
Round Type
seed
Investors
World Star Aviation, Claire Technologies, Alchemist Accelerator, To Vc
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 Info
Location
los altos, california, united states
Additional Info
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.