Who founded Aether Fuels?

Aether Fuels was founded by Conor Madigan in 2022.

Who are Aether Fuels's investors?

Aether Fuels's investors include Xora Innovation Pte Ltd, AP Ventures, CDP Venture Capital, Foothill Ventures, JetBlue Ventures, SKY VC, TechEnergy Ventures, Xora and 4 more.

How much funding has Aether Fuels raised?

Aether Fuels has disclosed $51.9M raised across 2 of its 3 known rounds.

Aether Fuels

Founded 2022 · Singapore corporation · 37 employees on LinkedIn · 15 known investors

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Aether Fuels develops technology to convert syngas and carbon feedstocks into sustainable fuels, using its Aether Aurora solution built on technology licensed from GTI Energy. The company targets the energy transition and net-zero market through gasification-to-liquids and fuel production projects.

Cleantech Climate Tech Energy

Founders & leadership

Aether Fuels was founded in 2022 by Conor Madigan.

Conor Madigan Founder and CEOConor Madigan previously founded Kateeva, a company in OLED display manufacturing equipment, and holds engineering background spanning physics, electrical engineering, computer science, and materials science. He is founder and CEO of Aether Fuels, which develops technology to convert syngas and carbon feedstocks into sustainable fuels.

Dhaval Shah Chief Technology OfficerDhaval Shah is Chief Technology Officer at Aether Fuels, where he oversees catalytic process development and advanced materials technology for sustainable fuel production. His background includes technical leadership, intellectual property strategy, and venture development across base chemicals, advanced materials, and decarbonization technologies.

Board

Michelle Robson Director Board of Directors2024–2024Associate at AP Ventures

Philippe InagakiBoard director

Investors · 15

Xora Innovation Pte Ltd✓ confirmed by Aether FuelsSingapore

How we know: the company's own site · globenewswire.com · Not right? Tell us

AP Ventureslisted by AP VenturesLondon

How we know: AP Ventures's portfolio page · safinvestor.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

CDP Venture Capitallisted by CDP Venture CapitalRoma

How we know: CDP Venture Capital's portfolio page · safinvestor.com · the VCSheet dataset · Not right? Tell us

Foothill Ventureslisted by Foothill VenturesLos Altos · $100K – $10M

How we know: globenewswire.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

JetBlue Ventureslisted by JetBlue VenturesSan Francisco

How we know: JetBlue Ventures's portfolio page · a partner's Signal profile · globenewswire.com · Not right? Tell us

SKY VClisted by SKY VCNew York

How we know: SKY VC's portfolio page · Not right? Tell us

TechEnergy Ventureslisted by TechEnergy VenturesBuenos Aires

How we know: globenewswire.com · Not right? Tell us

Xoralisted by Xora

How we know: Xora's portfolio page · Not right? Tell us

Applied VenturesreportedSanta Clara · $500K – $3M

How we know: a partner's Signal profile · Not right? Tell us

Chevron Technology VenturesreportedHouston

How we know: safinvestor.com · Not right? Tell us

Eni NextreportedBoston

How we know: safinvestor.com · open dataset · 5k.vc investor directory · Not right? Tell us

PETRONAS VenturesreportedKuala Lumpur

How we know: the VCSheet dataset · Not right? Tell us

Also in the syndicate · 3

Aster VenturesDoral Energy Tech VenturesEDBI

Funding

SEC filings, press & company announcements

$51.9M disclosed across 2 of 3 rounds · 2023–2026

$15MraisedJan 2026 · 2 sources
AP Ventures, Aster Ventures, CDP Venture Capital, Chevron Technology Ventures, EDBI, Eni Next, Foothill Ventures, TechEnergy Ventures, Xora Innovation
Source ↗
Undisclosed amountpre-Series ADec 2023
Doral Energy Tech Ventures, Foothill Ventures, JetBlue Ventures, TechEnergy Ventures, Xora Innovation
Source ↗

▶$36.9MraisedSep 2024 · 12 investors · Other Energy

Rule 506(b)

Officers, directors & promoters on the filing

Conor MadiganDirector, Executive Officer
Michelle RobsonDirector
Philippe InagakiDirector

Offering amount: $36.9M
Amount sold: $36.9M
First sale: Jun 2024
Incorporated: Corporation, Singapore, 2022
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 4

Emerging Fuels TechnologyEmerging Fuels Technology (EFT) develops and licenses Fischer-Tropsch synthesis and upgrading technology that converts waste feedstocks—agricultural and forestry residues, industrial gases, landfill and anaerobic-digester biogas, and captured CO2—into ASTM-compliant synthetic fuels for aviation, shipping, and trucking. It licenses its patented technologies to producers and refiners and offers engineering, laboratory, catalyst, offtake, and start-up support services.

Aether BioAether develops additives that blend into engineering-grade nylons to enable faster, high-throughput fused filament (FFF/FDM) 3D printing while maintaining mechanical strength and dimensional accuracy. Its products serve additive manufacturing users in production, field repair, and prototyping settings.

Aethir ComputeAethir operates a distributed cloud compute platform providing enterprise-grade GPU resources for AI model training, fine-tuning, inference, and low-latency cloud gaming. It offers bare metal GPU cloud services and a partner network where GPU providers contribute capacity in exchange for rewards.

Biomass MagazineBiomass Magazine is a trade publication and news outlet covering the biomass, renewable natural gas, and biofuel industries, reporting on projects, policy, and companies in the sector. It also produces industry events such as the International Biomass Conference & Expo and related podcasts.

Companies working in the same space as Aether Fuels.

In the news

Aether Fuels Raises US$8.5 Million to Develop Sustainable Fuels for Aviation and Ocean Shippingglobenewswire.com · Dec 2023

Frequently asked questions

What does Aether Fuels do?: Aether Fuels develops technology to convert syngas and carbon feedstocks into sustainable fuels, using its Aether Aurora solution built on technology licensed from GTI Energy. The company targets the energy transition and net-zero market through gasification-to-liquids and fuel production projects.
Who founded Aether Fuels?: Aether Fuels was founded by Conor Madigan in 2022.
Who are Aether Fuels's investors?: Aether Fuels's investors include Xora Innovation Pte Ltd, AP Ventures, CDP Venture Capital, Foothill Ventures, JetBlue Ventures, SKY VC, TechEnergy Ventures, Xora and 4 more.
How much funding has Aether Fuels raised?: Aether Fuels has disclosed $51.9M raised across 2 of its 3 known rounds.