Climatetech

Singapore’s FlyORO gets $1.6M to spread their wings to Australia, US

January 12, 2024

Here’s FlyORO. They’re a Singaporean startup that enables airports to access sustainable aviation fuel (SAF) faster and cheaper. Now, they just raised a $1.6M Pre-Series A!

Investor check. Audacy Ventures led the round, while Investible and other private investors also joined in.

🪽 All aboard

Flying is the fastest way to move around the world, but it’s also…terrible for the environment.

Using SAFs as an alternative to conventional jet fuel is one of the ways that airports and aircraft operators can reduce air travel emissions.

  • SAFs will still emit C02 during flights, but they’re more environmentally friendly to produce. Over its lifecycle, it’s less carbon-intensive than traditional jet fuels.

What it's made of. SAFs can be made from a blend of plant-based oils, recycled cooking oils, and other fuels. The ratios depend on several factors.

Road to less emissions. The EU passed a law last year that required fuel suppliers to ensure that 2% of fuel available at EU airports must be SAF by 2025.

🛫 The ABCs of FlyORO

There are lots of cost and logistics barriers to flying with this green fuel though.

Using AlphaLite, FlyORO can blend SAF on-demand near airports and deliver the blend to specific aircraft for refuel, as needed.

  • This cuts down delivery times and allows flyers more flexibility and control.

✈️ Flying higher

They’re flying their tech to foreign markets, specifically, Australia and the US.

  • Another round of $$$ soon? They’re planning to raise another round later this year.

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