OXCCU completes $22.7 million Series A funding to commercialise SAF

OXCCU has completed a $22.7 million Series A financing to commercialise cost-effective sustainable aviation fuel (SAF). The round was led by Clean Energy Ventures with participation from investors Aramco Ventures; Eni Next, United Airlines Ventures Sustainable Flight FundSM; and Braavos Capital alongside existing investor Kiko Ventures, and the University of Oxford. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing. OXCCU plans to accelerate its path to market by scaling its catalytic approach to convert hydrogen and carbon dioxide into SAF and other sustainable fuels. OXCCU’s technology consolidates the traditional e-hydrocarbons production process from a two-step Reverse