NYC-based AIR COMPANY, a carbon conversion technology company, has raised $69 million in Series B funding round led by Avfuel, with participation from Lowercarbon Capital, IQT (In-Q-Tel), Alaska Airlines, Connecticut Innovation’s Climate Tech Fund, Duncan Aviation, JSSI, the owners of Sheltair Aviation, Carbon Direct Capital, JetBlue Ventures, and Toyota Ventures.
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The additional funding will strengthen AIR COMPANY’s engineering and research and development (R&D) skills, speeding up the creation of its cutting-edge technology to satisfy the growing need for clean fuels in the public and commercial sectors.
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AIR COMPANY has commercial partnerships with airlines including JetBlue and Virgin Atlantic, amongst others, and have been awarded multiple government contracts from NASA and the United States Department of Defense.
“The aviation sector faces a critical challenge in meeting the growing demand for sustainable aviation fuel,” said C.R. Sincock, Executive Vice President of Avfuel Corporation. “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.”
“Our technology is designed to be modular to facilitate adoption and scalability,” said Gregory Constantine, Co-Founder and CEO of AIR COMPANY. “This adds flexibility to fuel supply chains, strengthens energy security, and fosters domestic job creation,” added 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,” said Steve Jbara, AIR COMPANY’s Chairman of the Board.
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 the round and will be the preferred provider of distribution and logistics, plus environmental attribute tracking and reporting for AIR COMPANY. 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 financing. As part of this investment, Avfuel will join the company’s board of directors.
About AIR COMPANY
Co-founded by Gregory Constantine (CEO) and Dr. Stafford Sheehan (CTO) in 2017, AIR COMPANY is paving a pathway to global decarbonization by transforming CO₂ into endless resources via industrial scale applications. Working with nature, rather than against it, its proprietary AIRMADE™ Technology mimics photosynthesis to transform carbon dioxide and water via renewable energy into carbon-negative chemicals and fuels.
