Velocys soars with $40M funding for sustainable aviation fuel technology.

Sustainable aviation fuel (SAF) technology company Velocys has raised $40 million in growth capital from a consortium of investors, including Carbon Direct Capital, Lightrock, GenZero, and Kibo Investments. The company, which recently delisted from the London Stock Exchange’s AIM market, will use the funding to accelerate the delivery of its technology for customers’ projects, build its technology leadership, scale production, and enhance its team. Velocys enables customers to produce sustainable aviation fuel from various waste materials using its proprietary Fischer-Tropsch-based technology. SAF is considered a key tool for decarbonizing the aviation industry, and demand is expected to rise in the coming years as airlines and governments seek to meet their climate goals.