Aether Fuels Welcomes Eni Next to Series A Syndicate
September 26, 2024 - We are delighted to welcome Eni Next to our corps of valued investors. Eni Next is the corporate venture capital company of Eni, a global technology-driven energy company based in Italy.
Eni Next rounds out our Series A syndicate which was led by AP Ventures, and includes Chevron Technology Ventures, CDP Venture Capital and Zeon Ventures, as well as previous investors, Xora Innovation (Series Seed lead), TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures and JetBlue Ventures.
To date, we have raised more than $40M in equity funding.
“As the venture arm of one the global energy leaders, Eni Next brings exceptional expertise to Aether that will help fuel our global growth strategy. Their deep roots in the energy ecosystem of Europe will help us accelerate our understanding of regional market dynamics and regulations and grow our networks so that we can quickly establish key partnerships to commercialize our Aether Aurora™ technology. We appreciate their confidence in our technology, team, and global strategy, and we value their contribution to Aether.” ~ Conor Madigan, Co-Founder & CEO, Aether Fuels
Aether Aurora is trademarked by Aether Fuels
About Aether Fuels: Aether Fuels envisions a net-zero world enabled by its breakthrough sustainable liquid fuel production technology. We are developing highly scalable solutions that dramatically improve the unit economics of producing sustainable fuels for aviation and ocean shipping. Established in 2022 as a spin-out of Xora Innovation, a deep-tech early-stage investment platform of Temasek, we maintain principal offices in the U.S. and Singapore. For more information, visit www.aetherfuels.com or follow us on LinkedIn.
Contact
Kelsey Duke; Diffusion PR for Aether Fuels; email: AetherFuels@Diffusionpr.com