What is CleanJoule?
Founded in 2021, CleanJoule operates at the intersection of chemical engineering and aerospace sustainability. The company specializes in the development of advanced processes designed to produce cost-effective SAF, a critical component in the aviation industry's roadmap to net-zero emissions. By leveraging a unique manufacturing methodology that allows for diverse feedstock utilization, CleanJoule addresses the primary bottlenecks of traditional biofuel production: scalability and economic viability. Its market position is bolstered by strategic alliances with major commercial carriers, signaling strong industry demand for scalable, low-carbon fuel solutions that can be integrated into existing supply chains without requiring significant infrastructure overhauls.
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 Cleanhill Partners, Volaris, Temasek, and Wizz Air
Key Investors in CleanJoule
Volaris
Founded in 2006, Volaris is a low-cost airline offering domestic and international flights in the Americas. Volaris is based in Mexico City, Mexico.
Wizz Air
Wizz Air is a European airline company that specializes in providing affordable passenger air transportation across an extensive international route network.
Temasek
A global investment company headquartered in Singapore with a significant portfolio focused on long-term sustainability and industrial innovation.
What's next for CleanJoule?
The infusion of capital will likely be directed toward the commercialization of CleanJoule's production facilities and the optimization of its supply chain logistics. As the aviation sector faces increasing regulatory pressure to reduce its carbon footprint, CleanJoule's ability to deliver high-performance SAF at scale will be a key differentiator. Future growth will likely focus on expanding production capacity to meet the long-term off-take agreements with its airline partners, effectively bridging the gap between laboratory-scale innovation and industrial-grade fuel supply. The company remains a pivotal player in the transition to sustainable aviation, with its trajectory closely tied to the broader adoption of renewable energy mandates across international flight corridors.
See full CleanJoule company page
