AIR COMPANY, a carbon conversion technology company, announced it has raised $69 million in Series B funding to advance its technology, promote energy security, and drive emissions reductions in hard-to-abate sectors, such as aviation. Avfuel (a leading global supplier of aviation fuel and services) led this funding round and will be the preferred distribution and logistics provider, plus environmental attribute tracking and reporting for AIR COMPANY.
The additional participants in the round included Lowercarbon Capital, IQT (In-Q-Tel), Alaska Airlines, Connecticut Innovation’s Climate Tech Fund, Duncan Aviation, JSSI, and the owners of Sheltair Aviation, among others. Existing investors Carbon Direct Capital, JetBlue Ventures, and Toyota Ventures also participated in the funding. Avfuel will join the company’s board of directors in connection with the investment.
The new funding round will support AIR COMPANY’s engineering and R&D capabilities, accelerating its advanced technology development to meet the increasing demand for clean fuels in both commercial and government sectors. And AIR COMPANY is at the forefront of creating scalable, sustainable aviation fuel (SAF) produced from carbon dioxide, seamlessly integrating into existing aircraft and infrastructure. This investment represents a major advancement toward large-scale production of fully formulated, CO₂-derived SAF.
Co-founded by Gregory Constantine and Dr. Stafford Sheehan, AIR COMPANY converts carbon dioxide into sustainable fuels through a streamlined, energy-efficient process. By utilizing abundant domestic feedstocks, the company ensures scalable fuel production. Its technology has been validated through partnerships across both public and private sectors, including previously announced SAF MOU agreements with major airlines and a $65 million contract with the Defense Innovation Unit.
KEY QUOTES:
“The aviation sector faces a critical challenge in meeting the growing demand for sustainable aviation fuel. SAF represents a crucial pathway to decarbonization, and AIR COMPANY’s innovative CO₂-derived SAF technology stands out as a leading solution. By partnering with AIR COMPANY, Avfuel is committed to accelerating the widespread adoption of this high-performing fuel and driving meaningful emissions reductions across the industry.”
-C.R. Sincock, Executive Vice President of Avfuel Corporation
“Our technology is designed to be modular to facilitate adoption and scalability.”
-Gregory Constantine, Co-Founder and CEO of AIR COMPANY
“This adds flexibility to fuel supply chains, strengthens energy security, and fosters domestic job creation.”
-Co-Founder Dr. Stafford Sheehan, AIR COMPANY’s President and CTO
“The trust and support from our investors underscore our commitment to transforming the energy sector with a vision for a sustainable and resilient future.”
-Steve Jbara, AIR COMPANY’s Chairman of the Board
