CleanJoule Announces US$50M Investment by International Consortium to Accelerate Sustainable Aviation Fuel Production
Source: Frontier Airlines Funds raised will further develop CleanJoule's technology to produce more cost-effective Sustainable Aviation Fuel; investors include Indigo Partners, GenZero, Cleanhill Partners, Frontier Airlines, Wizz Air and Volaris CleanJoule, a U.S.-based startup focused on the production of Sustainable Aviation Fuel (SAF), today announced a US$50 million investment round led by the principals of Indigo Partners, a U.S.-based private equity firm. The round also included participation by GenZero, a decarbonization-focused investment platform company of Temasek based in Singapore, Cleanhill Partners, a U.S.-based private equity firm focused on decarbonization and three airlines – U.S.-based Frontier Airlines, Europe-based Wizz Air and Mexico-based Volaris. Funds raised from the round will support the further development of CleanJoule's technology to produce high-performance SAF from [...]