Aviation technology startup Metafuels has announced the successful closure of a $24 million Series A funding round aimed at advancing its innovative synthetic sustainable aviation fuel (e-SAF) technology. The company's process involves converting green methanol into jet fuel, which could significantly support efforts to reduce the aviation industry’s carbon footprint.
Founded in 2021 and based in Zurich, Metafuels focuses on developing cost-effective solutions for producing sustainable jet fuel from captured CO₂ and green hydrogen. Despite increased SAF production in recent years, the sector still accounts for a small fraction of total aviation fuel consumption. This funding will enable the development of a demonstration plant in Switzerland and a commercial facility at the Port of Rotterdam, where the company's
