24 million US dollars for climate-neutral flying

The company has now announced the completion of a USD 24 million financing round. The e-SAF product aerobrew is about to be launched on the market. The round is led by UVC Partners, with significant participation from existing investors including Energy Impact Partners (EIP), Contrarian Ventures, RockCreek, Verve Ventures and Fortescue. The funding underscores the investors' confidence in Metafuels' transition from a technological innovation to first-of-a-kind plants and an industrially scalable production model.

The fresh capital will flow into Metafuels' commercial projects. The aim is to bring lighthouse projects through to the Final Investment Decision (FID) and implementation and to lay the foundations for the parallel roll-out of several plants in Europe and beyond - particularly against the backdrop of increasing SAF quota regulations. This includes in particular Front-End Engineering and Design (FEED) as well as commercial and financial project development.

"If sustainable aviation fuel is to become a real alternative to fossil kerosene, it must be available on an industrial scale and at a competitive cost," says Saurabh Kapoor, Chief Executive Officer of Metafuels. "Methanol-to-jet makes exactly that possible. With aerobrew, we are developing a technology that allows airlines to decarbonize without changing their operating models - and has the potential to fundamentally reshape the future of flying. This financing round is all about implementation: we are moving from technology demonstrator to industrial deployment."

"This investment round serves to commercialize a unique technology that has the potential to reduce the cost of SAF to the point where it becomes an economically viable alternative to fossil fuels," says Johannes von Borries, Managing Partner at UVC Partners. "Metafuels can play a key role in driving this change - and help aviation become carbon neutral."