In Switzerland, Tech Funding News reported that Metafuels, a Zurich-based climate tech startup, has developed a product that can help progress aviation fuel technology. According to the report, the Swiss firm has just announced a successful $8 million seed funding round led by prominent climate venture capitalists Energy Impact Partners (EIP) and Contrarian Ventures. “Jet fuel is a special fuel,” says Leigh Hackett, Chairman, co-founder and CCO at Metafuels. “It has to operate in very varied environments from take-off to cruising altitude in all types of weather conditions while delivering high mission performance. Operational safety is paramount from fuel handling on the ground to high altitude combustion performance. Energy density, specific energy content, flash point, freeze point, derived cetane number, boiling curve and many other parameters have to meet stringent standards. Which is why, for safety reasons, these fuels need to go through the ASTM alternative aviation fuel accreditation process.” “Metafuels’ expertise and engineering offer a pivotal opportunity to revolutionize sustainable aviation fuel technology at a crucial time,” said Ashwin Shashindranath, Partner at Energy Impact Partners. “SAF solutions like Metafuels are essential for a seamless transition to greener travel methods without altering people’s flying habits, while also ensuring sustainability.”
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