In Massachusetts, Sora Fuel, a startup producing sustainable aviation fuel using only water, air and renewable energy, announced it has raised an oversubscribed $6 million seed round. The Engine Ventures led the round, with Wireframe Ventures and others participating. The funding will be used to expand Sora Fuel’s Boston-based team, develop commercialization partnerships and further advance the company’s novel technology. The company’s novel technology includes a liquid bicarbonate electrolyzer that delivers direct air capture (DAC) CO2 at just $20 per ton, operating in a fully closed-loop system that uses only water and renewable electricity to produce syngas. Compared to incumbent DAC solutions, Sora Fuel’s DAC-to-fuels approach reduces overall energy inputs, eliminates the need for feedstocks (other than air and water), and provides a scalable process for efficiently and cost effectively producing SAF and any other downstream products of syngas, the company said. “Sora Fuel’s technology eliminates 90% of the energy currently required in standard DAC processes, opening up an entirely new and more sustainable path for producing carbon negative fuels,” said Gareth Ross, co-founder and CEO of Sora Fuel. “Our patented, closed-loop system enables the direct generation of an economical product and overcomes widespread feedstock constraints, allowing us to produce SAF at prices comparable to current Jet A fuel.”
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