Breakthrough Energy Leads $43M Funding for Sustainable Aviation Fuel Startup Lydian
Sustainable aviation fuel (SAF) startup Lydian has secured $43 million in a Series A funding round. The investment was led by Breakthrough Energy Ventures, a fund founded by Bill Gates, with participation from other climate-focused firms. Lydian is developing a novel technology to convert low-cost, abundant ethanol into high-quality, cost-competitive SAF. This new capital will be used to scale up its production process and build a pilot facility. The company's goal is to help decarbonize the aviation industry by providing a drop-in replacement for conventional jet fuel.
Official Source: https://www.citybiz.co/article/881542/bill-gates-founded-breakthrough-energy-leads-43m-investment-in-sustainable-aviation-fuel-startup-lydian/
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