What is CleanJoule?
Founded in 2021, CleanJoule operates at the intersection of chemical engineering and environmental sustainability. The company specializes in the development of breakthrough technology designed to produce SAF with superior feedstock flexibility and a high degree of carbon intensity reduction. By optimizing the conversion process, CleanJoule addresses the critical supply-side constraints currently hindering the aviation sector's transition to net-zero emissions. Its market position is bolstered by a unique technological architecture that prioritizes operational efficiency, allowing for the scalable production of drop-in fuels that are compatible with existing aircraft engines and infrastructure.
The company's strategic focus on feedstock versatility—the ability to utilize diverse raw materials—provides a significant competitive advantage in a market often constrained by limited supply chains. As regulatory pressures mount for airlines to reduce their environmental footprint, CleanJoule serves as a vital partner in the industry's decarbonization roadmap.
How much funding has CleanJoule raised?
CleanJoule has raised a total of $50M across 1 funding round:
Unspecified
$50M
Unspecified (2023): $50M with participation from Temasek, Wizz Air, Cleanhill Partners, and Volaris
Key Investors in CleanJoule
Temasek
A global investment company headquartered in Singapore with a significant portfolio focused on long-term sustainability and the transition to a low-carbon economy.
Wizz Air
Wizz Air is a European airline company that specializes in providing affordable passenger air transportation across an extensive international route network.
Volaris
Founded in 2006, Volaris is a low-cost airline offering domestic and international flights in the Americas, based in Mexico City.
What's next for CleanJoule?
With this major enterprise-level funding, CleanJoule is expected to transition from pilot-scale development to industrial-scale deployment. The strategic involvement of major airline partners suggests a clear path toward off-take agreements and commercial integration. Future milestones will likely focus on expanding production capacity, optimizing supply chain logistics, and securing long-term partnerships with global carriers looking to meet aggressive sustainability targets. The capital will be instrumental in refining the manufacturing process to ensure price parity with conventional jet fuel, a critical hurdle for widespread adoption in the commercial aviation market.
See full CleanJoule company page
