Wizz Air
Lechner Ödön fasor 6, Budapest, 1095, Hungary
Overview
Wizz Air is the largest low-cost airline in Central and Eastern Europe and one of Europe’s leading ultra-low-cost airlines. Wizz Air operates one of the youngest aircraft fleets in the world with its Airbus A320 and A321s. The advantages of a young fleet – the average age of our aircraft is approximately 4 years old – is a more reliable aircraft, a more enjoyable cabin experience for our passengers and more efficient operation.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Air Transportation
Investment portfolio
- CleanJoule
Participated · Equity · May 2023
CleanJoule develops a technology to produce high-performance sustainable aviation fuel (SAF) from agricultural residues and other waste biomass. Its manufacturing process is described as offering high efficiency, feedstock flexibility, and a high degree of decarbonization. The company is headquartered in Salt Lake City, Utah. CleanJoule is advancing commercialization of its fuel technology with the goal of scaling SAF supply and shortening the transition to lower-carbon aviation. Proceeds from the recent financing will support further development and commercialization of that technology. Three airline investors have signed binding purchase agreements that create initial demand for the company’s output. CleanJoule develops and commercializes a proprietary process that converts biomass into full-performance sustainable aviation fuel (SAF) and a bio-derived rubber co-product. Its SAF is described as carbon negative, zero‑petroleum, full‑performance and 100% drop‑in for commercial aviation engines without modification. The technology was developed over more than a decade by Dr. Mukund Karanjikar and Dr. Ashok Joshi and has been validated by the U.S. Department of Defense and U.S. Department of Energy. CleanJoule positions its product as commercially viable and ready for scale-up to accelerate adoption across the aviation industry. The company aims to shorten timeframes to wider SAF deployment and to expand production and commercialization. CleanJoule emphasizes sustainability and climate impact as core to its mission.