# Universal Fuel Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/universal-fuel-technologies

- Industry: Oil & Gas
- Headquarters: Los Altos, US
- Website: www.unifuel.tech/
- Total disclosed funding: $2.9M
- Latest round: Seed (Jul 18, 2024)
- Investors on record: 4

## About

Based in the US, Universal Fuel Technologies, Inc. specializes in advanced fuel production using innovative technology to create sustainable aviation fuel and other renewable energy solutions.Founded in 2022 and headquartered in Los Altos, US, Universal Fuel Technologies, Inc. focuses on advanced fuel production through its proprietary technology. The company was co-founded by Alexei B and Denys Pchelintsev, who bring significant experience in fuel technology. In July 2024, the firm raised USD 2.915 mn in SEED funding led by TO VC, with participation from Alchemist Accelerator, Claire Technologies, and World Star Aviation. This funding round marked the total amount raised by the company, which is currently valued at USD 17.585 mn.Universal Fuel Technologies specializes in advanced fuel production through its proprietary Flexiforming technology. This innovative process converts a diverse range of feedstocks, including alcohols, liquefied petroleum gas (LPG), and renewable naphtha, into sustainable aviation fuel (SAF), renewable gasoline, and benzene, toluene, and xylene (BTX). The Flexiforming technology addresses the industry's need for flexible feedstock utilization, enabling operators to adapt their production processes to changing market conditions. The core customer base includes fuel producers and operators across multiple sectors of the renewable energy industry, who are looking to increase their sustainability and reduce carbon footprints. Universal Fuel Technologies primarily operates in North America, Europe, and Asia, where there is a growing demand for renewable energy solutions and a shift towards sustainable aviation fuel.The revenue model for Universal Fuel Technologies is structured around partnerships and business-to-business sales, focusing on the provision of specialized technology and support services to fuel producers. Clients typically enter into agreements that may include revenue-sharing arrangements or licensing fees for the use of Flexiforming technology and associated services. These transactions are designed to accommodate various market needs, allowing clients to purchase technology licenses while also benefiting from ongoing consultancy and support. The company offers tailored solutions that align with clients' production capacities and operational goals, particularly for its flagship products such as SAF and renewable gasoline.In July 2024, Universal Fuel Technologies, Inc. raised USD 2.915 mn in SEED funding, which will be utilized to expand its lab space in Texas and further develop the Flexiforming technology. The company is focused on launching new products and enhancing its existing technology offerings. Additionally, Universal Fuel Technologies aims to expand its market reach into new geographic regions, specifically targeting increased penetration in Europe and Asia by 2025.

## Funding rounds

- Seed, Jul 18, 2024, $2.9M — Alchemist Accelerator, TO VC, World Star Aviation (UK) Limited, Claire Technologies

## Investors

- Alchemist Accelerator (https://capitalatlas.ai/funds/alchemist-accelerator) — Seed
- TO VC (https://capitalatlas.ai/funds/to-vc) — Seed
- World Star Aviation (UK) Limited — Seed
- Claire Technologies — Seed