Avioxx, a pioneering sustainable aviation fuel developer, proudly announces the successful closure of a significant pre-Series A funding round, marking a pivotal moment in its quest to transform the aviation industry towards sustainability.
Led by Trailfinders, a prominent independent British travel company, this investment reflects Avioxx's steadfast commitment to revolutionizing sustainable aviation fuel production. It signals a collective drive to propel the circular economy forward and achieve net-zero emissions in aviation.
Trailfinders' leadership in this investment round and enthusiastic participation from global private investors and institutions underscores widespread confidence in Avioxx's vision, technology, and potential. The infusion of capital will fuel Avioxx's research and development initiatives, enhancing market expansion and accelerating the design and regulatory approval process for their first 5,000-tonne-per-year sustainable aviation fuel (SAF) production facility. By 2027, Avioxx aims to establish a full-scale plant capable of producing 32,000 tonnes of SAF annually.
Commenting on the achievement, Co-Founder and CEO Chris Hancock expressed profound gratitude for the unwavering support from Trailfinders and other investors.
"We've rapidly prepared Avioxx for a pre-series A round, and our partnership with Trailfinders is ideal to support the delivery of our vision. Trailfinders can offer much more than capital with access to their established networks and experience within the travel community. We're thrilled to accelerate the development of the business, and delivery of our initial operational SAF plant is now much closer."
Avioxx's groundbreaking approach to sustainable aviation fuel production has garnered significant acclaim, fostering strategic partnerships across the UK's travel, environmental, and chemical engineering sectors. Their patented system integrates Solid Oxide Fuel Cells (SOFCs) into the manufacturing process, promising high-quality SAF at competitive prices compared to fossil-based alternatives while achieving more significant emissions reduction.
The collaboration with Trailfinders, founded in 1970 by Sir Michael Gooley CBE, signifies a milestone for Avioxx, amplifying its presence in the travel sector and unlocking new market opportunities. This strategic alliance reaffirms both parties' commitment to advancing green travel solutions.
"Trailfinders is proud to lead the way and partner with Avioxx to invest in developing this crucial new technology. Science has always been ingenious in solving our own manmade problems.Â
The creation of sustainable energy will be developed to control emissions and I am pleased to be part of this initiative. Avioxx's plan for SAF is innovative, and the prospect of producing a SAF in the UK with a comparable price to current Aviation fuel can only help accelerate adoption." says Sir Michael Gooley CBE, Founder and Executive Chairman of Trailfinders.
Avioxx Co-Founder and Executive Chairman Dr Mike Hancock says:
"We are delighted to be working with Trailfinders, who share our belief that we can engineer better ways of doing things to benefit the planet. Our ambition is to be the number one supplier of high quality and economically sustainable aviation fuel, and this investment sets us on course to achieve this."
About Avioxx:
Avioxx is a forward-thinking, sustainable aviation fuel startup dedicated to developing scalable technology for green fuel manufacturing. Avioxx aims to minimize production costs and environmental impact by leveraging a unique patented system, offering net zero carbon-negative fuels at competitive prices. Founded in May 2023, the company aims to lead innovation in net-zero advanced fuel solutions.