Climate technology company Aether Fuels has announced $8.5 million in pre-Series A financing through convertible notes, with participation from investors including JetBlue Ventures, TechEnergy Ventures, Doral Energy Tech Ventures, Foothill Ventures, and existing investor Xora Innovation. Aether focuses on producing sustainable fuels to help industries like aviation and ocean shipping achieve net-zero emissions. The funds will be utilized to accelerate the development and scale-up of Aether's proprietary production technologies, expand its demo facility in Chicago, and bolster its global team. The company's approach involves converting low-cost and abundant waste carbon streams into eco-friendly fuels, addressing both economic and sustainability criteria.

SOURCE:GOOGLE