Target Information

We are pleased to announce a follow-on investment of $4 million in Jet Zero, a pioneering venture dedicated to transforming sustainable aviation. As early lead equity investors, we have maintained our involvement with Jet Zero, alongside partners Qantas and Airbus, increasing our position in the company to a current asset value of approximately $13 million.

Industry Overview in Australia

Australia is recognized as the second-largest emitter of carbon per capita in the context of domestic air travel. As global concerns regarding climate change escalate, the demand for sustainable aviation solutions has gained considerable momentum. With over half of Australia’s leading corporations now committed to achieving net-zero targets, the timing is optimal for Jet Zero to emerge as a key contributor in this transforming sector.

Jet Zero aims to address the aviation industry's carbon emissions through innovative technology. Its proprietary systems are designed to significantly reduce or entirely eliminate harmful emissions associated with air travel. In partnership with LanzaJet, a leading Sustainable Aviation Fuel (SAF) technology provider, Jet Zero is poised for an aggressive roll-out of its solutions, leveraging the potential of locally sourced agricultural by-products like sugarcane for SAF production.

The Queensland region, often referred to as Australia's Sunshine State, plays a crucial role in this initiative as a major producer of sugar cane. The conversion of this by-product into SAF not only enhances fuel security but also fosters domestic job creation as Jet Zero expands its operational footprint across Australia.

With growing global awareness and increasing demand for sustainable practices in aviation, Jet Zero is strategically positioned to tap into this burgeoning market. Large investors, such as Idemitsu, are already making substantial commitments to SAF initiatives, signifying a robust industrial shift that Jet Zero aims to capitalize on.

Rationale Behind the Deal

This investment in Jet Zero aligns closely with our mission to foster companies that prioritize sustainable and environmentally responsible practices. Jet Zero’s commitment to reducing carbon emissions in the aviation sector complements our focus on innovative solutions aimed at benefitting both society and the planet.

As the company scales its operations and technological implementations, we believe Jet Zero is set to become a significant player in the global aviation market. The funding will accelerate research and development efforts that are crucial to achieving a carbon-neutral future for air travel.

Investor Information

Dragonfly, the investor in Jet Zero, is committed to actively engaging with the company to support its growth trajectory. With a dedication to impact investments, Dragonfly seeks opportunities that promise both financial returns and significant positive environmental impact.

Under the leadership of Founder and CEO Edward Mason, who brings extensive experience in financing renewable energy ventures, Jet Zero is well-positioned to navigate the complexities of the sustainable aviation market. Mason's vision integrates national demand for SAF with global expansion potential, marking Jet Zero as a frontrunner in industry advancements.

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The investment in Jet Zero presents a promising opportunity within the context of climate-conscious initiatives and future market demands. The alignment of our objectives with Jet Zero's mission of sustainability positions this investment as a strategic venture, likely to yield substantial financial and environmental benefits.

Furthermore, as more Australian businesses adopt sustainability targets, Jet Zero's innovative technology and local SAF production capabilities will be key differentiators in a competitive landscape. The strategic partnerships with industry leaders like Qantas and Airbus bolster Jet Zero's market positioning and enhance its credibility.

In summary, this investment is not only economically viable but also contributes significantly to the global transition towards sustainable air travel. With ongoing support from Dragonfly and a proactive approach to technological advancements, Jet Zero stands to make a lasting impact in the aviation industry.

We anticipate that our continued engagement with Jet Zero will not only yield profitable returns but also play an essential role in paving the way for a carbon-neutral future in aviation.

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