Air Company, a leader in carbon conversion technology, has announced the successful completion of a $69 million Series B funding round. This capital infusion will be pivotal in advancing their technology, enhancing energy security, and reducing emissions in challenging sectors such as aviation. The funding round was spearheaded by Avfuel, a premier global aviation fuel supplier, which will also become Air Company’s preferred partner for distribution, logistics, and environmental reporting. Other notable investors include Lowercarbon Capital, IQT (In-Q-Tel), Alaska Airlines, Connecticut Innovation’s Climate Tech Fund, Duncan Aviation, JSSI, and Sheltair Aviation’s owners. Existing investors such as Carbon Direct Capital, JetBlue Ventures, and Toyota Ventures also contributed to the round. Avfuel will join Air Company’s board of directors as part of this investment.
The new funds will enhance Air Company’s engineering and R&D capabilities, speeding up the development of its advanced technology to meet the growing demand for clean fuels in commercial and government sectors. Air Company is leading the charge in producing scalable sustainable aviation fuel (SAF) from carbon dioxide, which integrates seamlessly into current aircraft and infrastructure. This investment marks a significant step towards large-scale production of fully formulated, CO₂-derived SAF.
Founded by Gregory Constantine and Dr. Stafford Sheehan, Air Company utilizes a streamlined, energy-efficient process to convert carbon dioxide into sustainable fuels. By harnessing abundant domestic feedstocks, the company ensures the scalability of its fuel production. Its technology has been validated through partnerships with major airlines and a $65 million contract with the Defense Innovation Unit.
C.R. Sincock, Executive Vice President of Avfuel Corporation, commented, “The aviation sector faces a critical challenge in meeting the growing demand for sustainable aviation fuel. SAF is a crucial pathway to decarbonization, and Air Company’s innovative CO₂-derived SAF technology is a leading solution. By partnering with Air Company, Avfuel is dedicated to accelerating the adoption of this high-performing fuel and achieving significant emissions reductions across the industry.”
Gregory Constantine, Co-Founder and CEO of Air Company, noted, “Our technology is designed to be modular, which supports adoption and scalability. This approach adds flexibility to fuel supply chains, strengthens energy security, and promotes domestic job creation.” Dr. Stafford Sheehan, Co-Founder and President, added, “The support and trust from our investors reflect our commitment to transforming the energy sector with a vision for a sustainable and resilient future.”
Steve Jbara, Chairman of the Board at Air Company, concluded, “The confidence and backing from our investors underscore our dedication to advancing the energy sector and achieving a sustainable future.
