E-fuels startup Aether Fuels is raising $34.3 million, per filing

Must read

Aether Fuels has raised $30.4 million of a $34.3 million round, according to an SEC filing.

The e-fuels startup is working on producing fuel for aviation and maritime shipping using carbon dioxide and other waste carbon streams. The new round would give the company’s bank account a healthy bump; Aether Fuels had previously raised $8.5 million via convertible notes in late 2023.

The startup was spun out of Xora Innovation, an early-stage, deep-tech incubator run by Temasek. A company spokesperson did not immediately respond to a request for comment.

Since then, Aether Fuels has been working to refine its technology. The company says that its technology can use carbon from a range of waste streams, including industrial pollution, methane from landfills and leftover plant debris from farms.

Not much is publicly known about exactly how Aether Fuels converts carbon dioxide to fuels, though a patent application filed in January suggests the company is exploring one avenue that involves using natural gas. The process gasifies solid waste, blends it with natural gas and then transforms the mix into a liquid fuel (with any waste carbon dioxide captured along the way). 

In February, it announced a deal that gave it access to a gas-to-liquid program started by GTI Energy, a natural gas nonprofit. 

Airlines and maritime shipping companies have been pursuing bio-derived sustainable aviation fuel (SAF) and e-fuels as a way to decarbonize their energy-intensive industries. However, those efforts have been nascent at best. The amount of SAF produced today, for example, only amounts to less than 0.1% of total use, and SAF is a much more mature industry than e-fuels. 

Welcome back to TechCrunch’s Week in Review — TechCrunch’s newsletter recapping the week’s biggest news. Want it in your inbox every Saturday? Sign up here. This week, Ilya Sutskever launched…

Ilya Sutskever isn’t done working on AI safety

Really, X should have learned its lesson by now.

X still has a Verified bot problem — this time they came for TechCrunch writers

OmniAI is a set of tools that transform unstructured enterprise data into a something that data analytics apps and AI can understand.

OmniAI transforms business data for AI

Charlette N’Guessan is the Data Solutions and Ecosystem Lead at Amini, a deep tech startup leveraging space technology and artificial intelligence to tackle environmental data scarcity in Africa and the…

Women in AI: Charlette N’Guessan is tackling data scarcity on the African continent

‘What’s in it for us?’ journalists ask as publications sign content deals with AI firms

Featured Article

This is your brain on Pink Floyd

The human brain has long been a subject of fascination for art and science, which are now both mixed into “Brainstorms: A Great Gig in the Sky,” a new live interactive experience to the tune of Pink Floyd. Interactivity is optional, but memorable. Exhibition visitors can opt in (and pay…

17 hours ago

This is your brain on Pink Floyd

When former YouTube product manager Kevin Xu, known as “Sir Jack A Lot” on Reddit, turned $35,000 into $8 million trading stocks between 2020 and 2022, many people thought his…

Deal Dive: Sir Jack A Lot returns with a startup for retail traders

What does ‘open source AI’ mean, anyway?

Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets…

The fight over Fisker’s assets is already heating up

A hacker is advertising customer data allegedly stolen from the Australia-based live events and ticketing company TEG on a well-known hacking forum. On Thursday, a hacker put up for sale…

Hacker claims to have 30 million customer records from Australian ticket seller giant TEG

Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Elon…

Tesla makes Musk best-paid CEO of all time and Fisker bites the dust

Dot is a new AI companion and chatbot that thrives on getting to know your innermost thoughts and feelings.

Dot’s AI really, really wants to get to know you

The e-fuels startup is working on producing fuel for aviation and maritime shipping using carbon dioxide and other waste carbon streams.

E-fuels startup Aether Fuels is raising $34.3 million, per filing
Image Credits: Derek Croucher / Getty Images

Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week.…

Fisker faced financial distress as early as last August

Cruise, the self-driving subsidiary of General Motors, has agreed to pay a $112,500 fine for failing to provide full information about an accident involving one of its robotaxis last year.…

Cruise clears key hurdle to getting robotaxis back on roads in California

Feel Therapeutics has a pretty original deck, with some twists we rarely see; the company did a great job telling the overall story.

Pitch Deck Teardown: Feel Therapeutics’ $3.5M seed deck

The Rockset buy fits into OpenAI’s broader recent strategy of investing heavily in its enterprise sales and tech orgs.

OpenAI buys Rockset to bolster its enterprise AI

The U.S. government announced sanctions against 12 executives and senior leaders of the Russia-based cybersecurity giant Kaspersky. In a press release, the Department of the Treasury’s Office of Foreign Assets…

US government sanctions Kaspersky executives

Style DNA, an AI-powered fashion stylist app, creates a personalized style profile from a single selfie. The app is particularly useful for people interested in seasonal color analysis, a process…

Style DNA gets a generative AI chatbot that suggests outfit ideas based on your color type

Rates of depression, anxiety and suicidal thoughts are surging among U.S. teens. A recent report from the Center of Disease Control found that nearly one in three girls have seriously…

Khosla-backed Marble, built by former Headway founders, offers affordable group therapy for teens

Cover says what sets it apart is the underlying technology it employs, which has been exclusively licensed from NASA’s Jet Propulsion Laboratory.

A new startup from Figure’s founder is licensing NASA tech in a bid to curb school shootings

Spotify is introducing a new “Basic” streaming plan in the United States, the company announced on Friday. The new plan costs $10.99 per month and includes all of the benefits…

Spotify launches a new Basic streaming plan in the US

Photographers say the social media giant is applying a ‘Made with AI’ label to photos they took, causing confusion for users.

Meta is tagging real photos as ‘Made with AI,’ say photographers

Website building platform Squarespace is selling Tock, its restaurant reservation service, to American Express in a deal worth $400 million — the exact figure that Squarespace paid for the service…

Squarespace sells restaurant reservation system Tock to American Express for $400M

Change Healthcare confirms ransomware hackers stole medical records on a ‘substantial proportion’ of Americans

Google said today that it globally paused its experiment that aimed to allow new kinds of real-money games on the Play Store, citing the challenges that come with the lack…

Google pauses its experiment to expand real-money games on the Play Store

Venture firms raised $9.3 billion in Q1 according to PitchBook data, which means this year likely won’t match or surpass 2023’s $81.8 billion total. While emerging managers are feeling the…

Kevin Hartz’s A* raises its second oversubscribed fund in three years

Google is making reviews of all your movies, TV shows, books, albums and games visible under one profile page starting June 24, according to an email sent to users last…

Google is making your movie and TV reviews visible under a new profile page

Zepto, an Indian quick commerce startup, has more than doubled its valuation to $3.6 billion in a new funding round of $665 million.

Zepto, a 10-minute delivery app, raises $665M at $3.6B valuation

Speak, the AI-powered language learning app, has raised new money from investors at double its previous valuation.

Language learning app Speak nets $20M, doubles valuation

More articles

Latest article