Metafuels funding news – Zürich-based Metafuels secures $9Million in Funding

New investors in the round include RockCreek, Fortescue Ventures, and Verve Ventures, while existing investors Energy Impact Partners (EIP) and Contrarian Ventures also took part. Metafuels, along with the PSI Institute, has also received a $5 million grant from the Swiss Government’s Federal Office of Energy.

With this latest funding, Metafuels has raised a total of $22 million in just over two years, making it one of Europe’s top-funded SAF startups. This round follows important breakthroughs in 2023 and 2024, marking the shift from research to scaling up production.

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In May 2024, Metafuels announced a partnership with European Energy to build a synthetic SAF facility in Denmark, which will produce about 12,000 litres of e-SAF every day.

Chairman Leigh Hackett commented: “The buyers alliance is something that we’re actively considering in support of our plans for e-SAF capacity build-out as we scale-up and industrialise our technology. By coming alongside us, participants will have privileged insights into technology developments, play an important role in bringing this much needed technology to market, all while securing increasing volumes of e-SAF to meet their decarbonisation obligations.”

Saurabh Kapoor, CEO and co-founder of Metafuels, added: “We are thrilled to have Celsius, RockCreek, Fortescue and Verve onboard as new strategic partners. We have now raised $22 million since launching, which is going to allow us to complete the demonstration programme and focus on industrialisation, and the commercial rollout for our e-SAF offering. We will be looking at implementing a number of new sustainable aviation fuel production sites and are already engaging with various stakeholders as potential investors or e-SAF off-takers.”

Michele Tarawneh, Managing Partner at Celsius Industries, said: “We have been tracking methanol-to-SAF as a key pathway to decarbonize aviation for the past 18 months, and Metafuels stands out as the most compelling player in the space: an experienced team, with a unique technology insight, and a tangible path to establish production capacity in the near-term. We are thrilled to work with Saurabh, Leigh and the team, to help them accelerate their path to industrialization and first-of-a-kind (FOAK) project finance, enabling the roll-out of mission critical infrastructure for green fuels."

About Metafuels

Metafuels' innovative sustainable aviation fuel (SAF) technology, called Aerobrew, aims to make affordable net-zero aviation possible. This technology is highly scalable and can efficiently use future global renewable energy sources.