Global airline alliance oneworld and a group of airlines announced the launch of the oneworld BEV Fund, a new sustainable aviation fuel (SAF)-focused venture fund aimed at scaling the availability and lowering the cost jet fuels that can reduce the greenhouse gas emissions impact of aviation.
The new fund is being launched in partnership with Bill Gates-founded climate tech VC fund Breakthrough Energy Ventures (BEV), which will serve as the fund’s investment manager, and with an initial $150 million in commitments, with Alaska Airlines and American Airlines as cornerstone investors.
Additional airlines backing the new fund include oneworld members IAG,
