Company Overview
Snapshot
Founded in October 2023 by Arie Sussely, Tomy Hos, and Prof. Moti Herskowitz, NGV operates with 1–10 employees. The company has raised $2.4M across one funding round from Ralco Energy. NGV is developing a novel catalytic process to convert waste streams into sustainable aviation fuel.
Business overview
NGV develops a catalytic process that converts carbon-rich waste streams, such as carbon dioxide, municipal solid waste, and biomass, into sustainable aviation fuel (SAF) and other renewable hydrocarbons. The company's technology integrates direct gas-phase conversion, eliminating the need for intermediate upgrading steps to enable simpler and more cost-efficient production. NGV operates within the Automotive & Mobility Technologies sector, focusing on energy production and sources, and eco-efficient transportation, particularly aviation, with a strong emphasis on climate technology.
Strategic signal
In February 2024, NGV announced its initiative to produce novel sustainable aviation fuel from waste, a significant development for the aviation industry's decarbonization efforts. This signals a strategic move towards addressing environmental concerns in air travel by offering a viable and cost-efficient alternative to traditional jet fuels, positioning NGV as a key player in the sustainable energy transition.
Log in to access full profile ›Company Intelligence Q&A
- When was NGV founded?
- NGV was founded in October 2023 by Arie Sussely, Tomy Hos, and Prof. Moti Herskowitz.
- How much funding has NGV raised?
- NGV has raised $2.4M in total funding across one round. The company secured its last funding in January 2024 from Ralco Energy.
- What problem does NGV aim to solve?
- NGV aims to address the need for sustainable aviation fuel by converting waste streams into SAF, thereby reducing CO₂ emissions by over 90% across its life cycle and offering a more cost-efficient production method than traditional approaches.
- What is the primary market for NGV's products?
- NGV primarily targets the aviation industry with its sustainable aviation fuel (SAF), contributing to eco-efficient mobility optimization and logistics within the transportation sector.