FlyORO secures $1.6M funding to progress sustainable aviation fuels

FlyORO, a company in the field of last-mile blending technologies for sustainable aviation fuels (SAF), recently concluded its pre-Series A round, amassing $1.6M. The funding round was spearheaded by Audacy Ventures, a Hong Kong-based firm, with contributions from Asia Pacific VC firm Investible and anonymous private investors.

• Funding to Boost Projects and Expansion: The Singapore-based company plans to use these funds to expedite its existing projects and boost its international growth. FlyORO's initial roadmap includes strategic plans for Australia and the U.S.

• SAF Blending Technology: FlyORO is the brainchild of Jonathan Yeo, Joe Ng, and Genevieve Toh. The company offers a modular, on-demand blending service of SAF and jet fuel, contributing to aviation's emissions reduction goals. FlyORO's innovative solution allows flyers to adjust their ESG targets per flight.
  Space-Efficient and Portable: The small form factor of 40ft enables easy installation at or off airport premises.

• Simplified Supply Chain: The technology helps airport fuel operators to cater to flyers effectively.

• AlphaLite: FlyORO launched its modular SAF blending technology, AlphaLite, in collaboration with Jet Aviation in April 2023. AlphaLite equips aircraft operators with the flexibility and control to make informed decisions concerning SAF adoption, considering aspects from cost parity to feedstock quality.

FlyORO is slated to begin its next financing round in the latter half of 2024.