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Home News Universal Fuel Technologies Raises $3M to Reduce Sustainable Aviation Fuel Costs by up to 50%

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Universal Fuel Technologies Raises $3M to Reduce Sustainable Aviation Fuel Costs by up to 50%

LOS ALTOS, Calif.--(BUSINESS WIRE)--With the demand for sustainable aviation fuel (SAF) expected to increase tenfold by 2030, Universal Fuel Technologies (Unifuel) has closed $3 million in funding for its Flexiforming technology that cuts SAF production costs by up to 50%, and the related carbon emissions by up to 75%. The seed round, led by TO VC, with participation from Alchemist Accelerator, Claire Technologies, and World Star Aviation, will support the advancement of the company’s proprieta...

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