Universal Fuel Technologies (Seed)
Funding Details
- Awarder
- Inbox
- Date Award
- October 22, 2024
- Vertical
- Sustainable Aviation Fuel
- Funding URL
- View Funding Page
- Funding Amount:
- $3,000,000
Company Info
- Traction
- The company has raised $3 million to advance its projects and secure lab space in Texas.
- Founders
- Alexei Beltyukov
- Company Description
- Universal Fuel Technologies is developing technology to cut sustainable aviation fuel (SAF) production costs by up to 50% and reduce carbon emissions related to production by up to 75%. Their proprietary Flexiforming process upgrades low-value byproducts into high-value SAF, enabling better monetization opportunities for producers.
- Market
- Aviation Industry
- Location
- California, United States
- Coinvestors
- TO VC, Alchemist Accelerator, Claire Technologies, World Star Aviation