Air Company is a technology company.
Air Company is a next-generation energy company focused on advanced carbon conversion technology, producing sustainable aviation fuel and other innovative energy solutions.
Air Company has raised $99.0M across 2 funding rounds.
Air Company has raised $99.0M in total across 2 funding rounds.
Air Company (AIRCO) is a Brooklyn-based technology company specializing in carbon conversion, transforming CO₂ and hydrogen into sustainable fuels and chemicals via its proprietary AIRMADE™ Technology. It produces fully-formulated synthetic fuels like Sustainable Aviation Fuel (SAF), diesel, gasoline, methanol, and ethanol, alongside consumer products such as perfumes and sanitizers, serving aerospace, defense, aviation, and consumer markets.[1][2][3][5] The company solves the critical problem of decarbonizing hard-to-abate sectors like aviation by enabling local, scalable fuel production that reduces greenhouse gas emissions by over 95% per lifecycle analysis, using waste CO₂ and green hydrogen.[4][6] With commercial partnerships (e.g., JetBlue, Virgin Atlantic), government contracts (NASA, DoD, DOE), and awards like Time Best Inventions and XPRIZE for Carbon Removal, Air Company demonstrates strong growth momentum through pre-pilot plants, R&D funding, and expanding applications in defense and space.[3][4][6][7]
Founded in 2017 by Gregory Constantine (CEO) and Dr. Stafford Sheehan (CTO), Air Company emerged from the founders' expertise in energy, tech, and defense, aiming to mimic photosynthesis for industrial-scale CO₂ utilization.[1][3][4] The idea stemmed from advancing carbon conversion to address global decarbonization, starting with R&D into synthetic fuels and chemicals; early traction came via U.S. government support, aviation partnerships, and recognition like Fast Company World Changing Ideas.[3][4] Pivotal moments include securing DoD/NASA contracts, DOE funding for SAF pre-pilot development with Argonne National Lab, and commercial deals with airlines, evolving from consumer goods to fuel-focused scalability.[1][4][6][7]
Air Company's edge lies in its versatile, efficient AIRMADE™ platform, which streamlines CO₂-to-fuel conversion using in-house catalysts and reactors for cost-effective, scalable production.[1][5]
Air Company rides the net-zero transition wave, capitalizing on surging demand for SAF amid aviation's 2-3% of global CO₂ emissions and policy mandates like IRA biofuel incentives.[6] Timing aligns with falling green H₂ costs, CO₂ capture scale-up, and energy security needs post-disruptions, amplified by DoD/NASA focus on domestic fuels for defense/space.[1][4][7] Market forces favoring it include airline net-zero pledges (e.g., JetBlue, Virgin Atlantic) and XPRIZE momentum, influencing the ecosystem by licensing tech for localized production, reducing import reliance, and accelerating carbon utilization over sequestration.[3][5] As a leader in electrochemistry-based fuels, it challenges oil & gas incumbents while complementing renewables, fostering a circular carbon economy.[2]
Air Company's trajectory points to commercial-scale SAF plants by late 2020s, fueled by DOE pre-pilots, DoD contracts, and defense innovations like rocket fuel or Mars tech.[6][7] Trends like cheaper electrolysis, SAF blending mandates, and space economy growth will propel it, potentially expanding licensing globally while influencing policy on carbon-negative fuels. Its evolution from niche innovator to energy security linchpin could redefine aviation decarbonization, turning CO₂ from liability to asset as in its high-level mission.[1][4]
Air Company has raised $99.0M in total across 2 funding rounds.
Air Company's investors include 2045 ventures, Afore Capital, Alpaca VC, Alumni Ventures, Aux21 Capital, Golden Ventures, Innovation Endeavors, Lightspeed Venture Partners, M13, Makers Fund, Multicoin Capital, Sterling Equity.
Air Company has raised $99.0M across 2 funding rounds. Most recently, it raised $69.0M Series B in September 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2024 | $69.0M Series B | 2045 ventures, Afore Capital, Alpaca VC, Alumni Ventures, Aux21 Capital, Golden Ventures, Innovation Endeavors, Lightspeed Venture Partners, M13, Makers Fund, Multicoin Capital, Sterling Equity, Trucks Venture Capital, Kevin Lin | |
| Apr 1, 2022 | $30.0M Series A | JetBlue Technology Ventures, Visionaire Ventures |