Sustainable fuels know-how firm Aether Fuels introduced it has raised $15 million in convertible notice financing, with proceeds geared toward accelerating the event of its first commercial-scale sustainable aviation gasoline (SAF) facility in Singapore.
Based in 2022, Aether is creating know-how geared toward decarbonizing aviation and maritime transport by way of the manufacturing of sustainable liquid fuels. The corporate’s Aurora know-how creates gasoline from any feedstock that may be transformed to CO, CO2, CH4,or H2, similar to captured carbon dioxide, industrial waste gases, biogas, gasified municipal stable waste and waste biomass.
The most recent funding will likely be used to advance SAF manufacturing facility Venture Beacon, a brand new 50-barrel-per-day facility, with a deliberate output of round 2,000 tons per 12 months that may use Aether’s Aurora know-how to transform industrial waste gasoline and biomethane into CORSIA-certified SAFs.
Engineering work on the facility is now underway, whereas building is anticipated this 12 months and industrial operations from 2028. The corporate anticipates greenhouse gasoline emissions reductions of greater than 70% in contrast with typical jet gasoline.
Conor Madigan, Founder and CEO of Aether Fuels, stated:
“Aether [closed 2025] with sturdy momentum throughout management, know-how and challenge execution. First, we’re thrilled so as to add Aster Ventures and Singapore’s EDBI as new buyers. Second, over the previous 12 months, now we have expanded our international workforce and superior our first industrial facility in Singapore, while concurrently maturing and scaling our core know-how by way of our pilot and demo initiatives within the US.”
The funding spherical included new investments from Aster Ventures and EDBI, alongside participation from present backers similar to AP Ventures, Xora Innovation, CDP Enterprise Capital, TechEnergy Ventures, Foothill Ventures, Eni Subsequent and Chevron Expertise Ventures. This brings Aether’s complete funding to greater than US$60 million.
Alongside the financing, Aether introduced a number of management appointments to assist execution and regional growth. Stu Stott was named World Vice President of Initiatives and will likely be primarily based in Singapore, the place he’ll oversee supply of commercial-scale services. Mei Chia, who joined Aether in 2023, will lead a deliberate Singapore R&D middle anticipated to open in 2026 and TC Goh will proceed to steer enterprise improvement throughout Southeast Asia.
