What is Air Company?
Air Company operates at the intersection of carbon technology, engineering, and design, pioneering methods to transform carbon dioxide into high-purity alcohols. Their proprietary technology utilizes only air (CO2), water, and renewable electricity to create ethyl alcohol, which serves as the foundation for a range of consumer goods. Initially launching with Air Vodka, a carbon-negative vodka, the company has expanded its product line to include Air Spray hand sanitizer and Air Eau de Parfum, with further innovations planned. Air Company's commitment to combating climate change is evident in its mission to maximize CO2 utilization for a climate-positive impact, earning accolades such as TIME Best Inventions and Fast Company World Changing Ideas.
How much funding has Air Company raised?
Air Company has raised a total of $99M across 2 funding rounds:
Series A
$30M
Series B
$69M
Series A (2022): $30M with participation from JetBlue Technology Ventures, Toyota Ventures, Carbon Direct, and Parley for the Oceans
Series B (2024): $69M led by Alaska Airlines, Avfuel, IQT Holding, and Lowercarbon Capital
Key Investors in Air Company
JetBlue Technology Ventures
JetBlue Ventures invests in and partners with early-stage startups that aim to enhance travel and hospitality. Their portfolio includes innovative companies like 30SecondsToFly, which provides affordable travel management solutions, and FLYR, which optimizes airline revenue and product management. The intended clients range from small-to-medium sized businesses to larger organizations in the aviation and travel industry. They focus on technological advancements and sustainability in their investment decisions.
Toyota Ventures
Toyota Ventures is the early-stage venture capital arm of Toyota, based in the San Francisco Bay Area. The firm invests in frontier technologies such as artificial intelligence, mobility, robotics, and climate technologies aimed at achieving carbon neutrality. It seeks to partner with innovative startups and entrepreneurs globally, providing not just funding but also strategic support and operational guidance. Toyota Ventures is committed to promoting diversity and inclusion within its portfolio and the broader venture capital industry.
Lowercarbon Capital
Lowercarbon Capital backs kickass companies that make real money slashing CO2 emissions, sucking carbon out of the sky, and buying us time to heal the planet.
What's next for Air Company?
The recent major strategic investment signifies a critical phase for Air Company as it scales its operations and further develops its groundbreaking carbon conversion technology. This capital infusion is expected to accelerate the company's expansion into new markets and product categories, reinforcing its position as a leader in sustainable innovation. With a clear focus on climate-positive solutions, Air Company is poised to redefine possibilities in consumer goods and industrial applications, leveraging its unique process to address global environmental challenges.
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