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Advanced climate technology company Aether Fuels has successfully raised $34 million in Series A financing to expand its development of renewable fuels for the aviation and marine sectors. This significant funding round was led by AP Ventures, with participation from Chevron Technology Ventures, CDP Venture Capital SGR, and Zeon Ventures Inc.. Notable Series Seed lead investor Xora Innovation, along with TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and JetBlue Ventures, also contributed to this round. AP Ventures’ Kevin Eggers expressed enthusiasm, saying, “We are pleased to add Aether to our portfolio of climate companies and delighted to join this impressive syndicate.” The newly secured funds will enable Aether Fuels to accelerate the scale-up of its proprietary technology, Aether Aurora. This innovative solution, which builds on previous successes, aims to create sustainable fuels for the aviation and ocean shipping industries. Aether Aurora leverages technology licensed from strategic partner GTI Energy, promising breakthrough economics through a transformed Fischer-Tropsch (FT) process. By combining innovations in chemistry (catalysts), equipment (reactors), and process flows, Aether aims to reduce plant investment and operating costs while increasing yield. The company plans to open a 100-gallon-per-day test plant, marking a significant step in its growth trajectory. Aether Fuels’ technology is highly flexible, capable of converting a wide range of waste carbon feedstocks into jet fuel and other liquid hydrocarbons. Connor Morgan, CEO of Aether, highlighted the importance of scaling production capacity: “This is a group of financial and strategic leaders that see clearly the need to expand the supply of sustainable fuels. Without dramatically scaling the capacity to produce these fuels, supply will remain seriously constrained, and the transition will be slow, if not impossible. The result: more product at vastly lower CapEx costs than existing approaches.” Read the article on our blog! https://lnkd.in/gXY3qftH #AvfoilNews #SustainableFuels #RenewableEnergy #ClimateTech #Aviation #Marine #AetherFuels #APVentures #ChevronTechnologyVentures #CDPVentureCapital #ZeonVentures #XoraInnovation #JetBlueVentures #TechEnergyVentures #DoralEnergyTechVentures #FoothillVentures #FischerTropsch #GTIEnergy #GreenEnergy #CleanTech

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