Voima Ventures has led a nearly €4 million investment in Finnish green tech company Liquid Sun to establish its first sustainable aviation fuel production testing facility, positioning it for significant growth in the expanding eSAF market.

Target Company Overview

Liquid Sun is a pioneering Finnish green tech company focused on developing sustainable aviation fuel (eSAF) by converting abundant natural resources such as carbon dioxide (CO₂) and water into a renewable alternative to traditional fossil-based jet fuels. With nearly €4 million raised in funding, the company is set to establish Finland's first eSAF production testing facility, positioning itself at the forefront of renewable aviation solutions.

To achieve this, Liquid Sun employs a proprietary low-temperature electrolyser that efficiently synthesizes eSAF, addressing a pressing global issue: the aviation industry’s significant greenhouse gas emissions. This innovative approach not only aligns with EU mandates—aiming for 70% sustainably produced aviation fuel by 2050—but also offers a scalable solution to meet ambitious climate action goals.

Industry Overview

The market for sustainable aviation fuel is anticipated to witness a substantial growth trajectory, increasing from €2 billion in 2030 to over €60 billion by 2050. As environmental regulations tighten and the demand for cleaner air travel options rises,