What is CleanJoule?
Founded in 2021 and headquartered in Salt Lake City, Utah, CleanJoule is at the forefront of developing a breakthrough technology for producing superior and cost-effective Sustainable Aviation Fuel (SAF). The company's innovative manufacturing process is designed for high efficiency, offers flexibility in feedstock utilization, and achieves a high degree of decarbonization, addressing a critical need for environmentally responsible aviation solutions.
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 Wizz Air, Temasek, Cleanhill Partners, and Volaris
Key Investors in CleanJoule
Wizz Air
Wizz Air is a European low-cost airline focused on providing passenger air transportation services across Europe, Asia, Africa, and the Middle East. The company operates with a simple service model featuring ticketless travel and utilizes cost-effective secondary airports to maintain competitive pricing.
Temasek
Temasek is a global investment company headquartered in Singapore, known for its long-term investment approach across various sectors.
Cleanhill Partners
Cleanhill Partners is an investment firm focused on the energy transition and sustainability sectors.
What's next for CleanJoule?
With this substantial backing, CleanJoule is poised to scale its operations and further refine its SAF production technology. The strategic investment signals strong confidence from industry players, likely enabling the company to accelerate its path to commercialization, forge key partnerships, and capture a significant share of the rapidly growing sustainable aviation fuel market. Future developments will likely focus on expanding production capacity and securing long-term offtake agreements.
See full CleanJoule company page
