Raised $3 million to advance its SAF technology

Unifuel Technologies (Unifuel) announced on 22 October that it has closed a $3 million financing round for its Flexiforming technology, which the company says can reduce SAF production costs by up to 50 per cent and associated carbon emissions by up to 75 per cent.

The seed round, led by TO VC with participation from Alchemist Accelerator, Claire Technologies and World Star Aviation, will support advances in the company’s proprietary Flexiforming process and help establish lab space in Texas for SAF sample production.