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Air Company
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Producer of carbon negative alcohols made from CO2 captured from air

Founded in 2017
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Company type Private Public ()
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Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters New York, NY New York, United States
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Updated by Sunena Gupta at on 12/18/2023

Edited by Cleantech Group on 11/07/2024

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Date Company
02/28/2023

US Department of Defense US Department of Defense

Together with the US Air Force, Air Company will capture CO2 and produce sustainable aviation fuel for several years. This deal is worth an estimated $65 million.

Confirmed by US Department of Defense
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Date Partner Type
03/12/2021
Shell GameChanger Accelerator Shell GameChanger Accelerator
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Confirmed by Shell GameChanger Accelerator
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Date Investors Type Amount
09/18/2024 Avfuel Avfuel , Lowercarbon Capital Lowercarbon Capital , IQT IQT , Alaska Airlines Alaska Airlines , Connecticut Innovations Connecticut Innovations , Duncan Aviation Duncan Aviation , JSSI JSSI , Carbon Direct Carbon Direct , JetBlue Ventures JetBlue Ventures , Toyota Ventures Toyota Ventures (10)
Post-money valuation of
Funding will be used for tech development to reach hard-to-abate sectors.
 Series B $69,000,000
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