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Apex Trader Funding (ATF) - News

Aether Fuels Secures $34 Million in Series A Financing

Aether's CEO Conor Madigan in front of a section of a 100 gallon-per-day (gpd) scale test production facility built by strategic partner GTI Energy at their Chicago-area campus. Aether will apply a portion of the new funds to expand this test production facility to carry out a fully integrated 100 gpd scale demonstration of its proprietary Aether Aurora™ solution. CHICAGO, June 27, 2024 (GLOBE NEWSWIRE) -- Aether Fuels (Aether), an advanced climate technology company, today announced that it has secured $34 million in Series A financing from a syndicate of global investors. AP Ventures led the round, which also includes Chevron Technology Ventures, CDP Venture Capital and Zeon Ventures. Series Seed lead investor Xora Innovation and other existing investors TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures and JetBlue Ventures also participated. With this financing, Aether plans to accelerate the scale-up of Aether Aurora™, the company's proprietary technology to create sustainable fuels for the aviation and ocean shipping industries. Aether Aurora, which leverages technology licensed from Aether's strategic partner GTI Energy, delivers breakthrough economics via a transformed Fischer-Tropsch (FT) process by combining innovations ...