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Save Airline Fuel and Reduce CO2 Emissions
Fuel Matrix has a proprietary product that helps airlines save fuel and reduce CO2 emissions. We can reduce fuel upload by up to 1% with our first product, saving the industry up to US$2bn and reducing CO2 emissions by 10m tonnes per annum. Further planned enhancements increase savings considerably.

We tested our Demo software with Virgin Atlantic, confirming up to 1% saving in fuel uplift. Next come on-board trials.

We are seeking to raise £250,000 investment to match £250,000 investment by the Development Bank of Wales. The term sheet with the Bank has been signed.

Contributors will have access to a planned subsequent Series A round. This is planned for c.12 months later, and will total £1m-£1.5m, again planned to be split 50:50 between the Bank and matching investors.

The company has been valued by the Bank at £1.5m pre-money. Therefore £250,000 will acquire 12.5% equity.
Total Funding Required: £250,000.00
Min. per Investor: £50,000.00
Industry: Aviation
Sec. Industry: Computer Software
Region: South East
Proposal ID: 22590
Investment Reason: Seed Capital or Early Stage
Proposal Status:
 
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