Skift Take
The sustainable aviation fuel fundraise of $191 million is a drop in the bucket of what is needed if there's any hope of reaching the net-zero emissions goals by 2050.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
Two travel tech startups announced fundraises over the past week totaling more than $203 million.
>>SkyNRG, which is focused on developing the market of sustainable aviation fuel, has raised $190.9 million (€175 million) from Macquarie Asset Management.
Amsterdam-based SkyNRG said it sells SAF to airlines now and also has research and development operations and advisory services.
Macquarie Asset Management said the “initial investment” will go toward SkyNRG’s next phase of growth, which includes establishing facilities for SAF production. The company plans to build facilities in