Spark e-Fuels
Producing sustainable, affordable e-fuels at scale through an highly-integrated modular end-to-end production process.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
* | €2.3m | Seed | |
| Total Funding | 000k | ||
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Spark eFuels is a forward-thinking startup dedicated to revolutionizing the aviation industry by producing sustainable aviation fuels (SAF) at scale. The company focuses on creating eFuels, a type of synthetic fuel made using renewable electricity sources like solar and wind. Unlike bio-based SAF, which has limitations due to feedstock availability and varying emission reduction levels, eFuels offer a more scalable and potentially cost-effective solution for reducing aviation's carbon footprint.
Spark eFuels operates in the renewable energy and aviation sectors, targeting airlines, aviation companies, and other stakeholders committed to achieving carbon neutrality by 2050. The company addresses the pressing need for sustainable solutions in aviation, a sector responsible for approximately 2-3% of global CO2 emissions and 4% within the EU.
The business model of Spark eFuels is built around its proprietary eFuels synthesis and SAF refining technology. By integrating the entire production process and connecting it directly to the lowest-cost renewable electricity sources, Spark aims to produce eFuels more economically and at a larger scale than current technologies allow. This integrated approach helps the company close the demand-supply gap for SAF, which is currently threatened by limited availability and high costs.
Spark eFuels generates revenue by selling its sustainable aviation fuels to airlines and other aviation-related businesses. The company is also open to forming partnerships with entities that share its vision of a sustainable aviation future. By leveraging the expertise of its founder, Mathias, who holds a PhD in physics and an MBA, and has a background in green technology and sustainable business, Spark is well-positioned to bring eFuels to commercial scale.
In summary, Spark eFuels is poised to make a significant impact on the aviation industry by providing a scalable, cost-effective solution for sustainable aviation fuels, thereby contributing to global efforts to reduce carbon emissions.
Keywords: sustainable aviation fuels, eFuels, renewable electricity, carbon neutrality, aviation industry, proprietary technology, scalable production, cost-effective, emission reduction, partnerships.