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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...

Read the full news release here

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