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Intending to expand the supply and availability of Sustainable Aviation Fuels (SAF), Embraer (NYSE: ERJ; B3: EMBR3) is thrilled to announce today that it has partnered with United Airlines Ventures (UAV) Sustainable Flight FundSM. Launched in February 2023, the UAV Sustainable Flight Fund has gained significant traction and currently has 22 corporate partners who have committed to investing over $200 million in advanced firms that are focused on decarbonising the aviation sector.
The company’s commitment to the clean energy transition in aviation was expressed by Leonardo Garnica, Head of Corporate Innovation at Embraer, in the following way: “Embraer is proud to join United Airlines Ventures Sustainable Flight Fund, which is aligned with our commitment to developing and supporting innovative solutions to address the growing need for a clean energy transition in aviation.”
A key component of attaining aviation sustainability, and increasing SAF production is the objective of the UAV Sustainable Flight Fund. When compared to traditional jet fuel, the utilisation of renewable energy sources can cut greenhouse gas emissions by as much as 80%. Embraer’s investment in the fund demonstrates the company’s commitment to environmental responsibility and is in line with its objective of achieving carbon-neutral operations by 2040.
The goal of the UAV Sustainable Flight Fund is to increase the production of SAFs, which is essential to attaining aviation sustainability. When using renewable energy sources instead of traditional jet fuel, greenhouse gas emissions can be reduced by as much as 80%. By contributing to the fund, Embraer is demonstrating its commitment to environmental responsibility and advancing its objective of having carbon-neutral operations by 2040.
Embraer’s sustainability plan includes the successful completion of 100% neat SAF flight tests. The company also keeps looking for innovative methods to lessen its environmental effects, including key alliances and research and development on zero-emission alternative engine systems.
About the Embraer Ventures Fund:
Embraer considers Corporate Venture Capital (CVC) programs as a method to encourage complementary and transformational initiatives, leveraging external resources to investigate new business models and speed the development of future technology. The business strategically invests in minority ownership in startups through Embraer Ventures, supporting innovation and agility. Embraer invests in over 40 startups across multiple funds worldwide, covering innovation sectors including Industry 4.0, Airframe Competitiveness, Artificial Intelligence, Zero Emission, Passenger Experience, and Cybersecurity.
About the UAV Sustainable Flight Fund:
As a leading investment instrument, the UAV Sustainable Flight FundSM seeks to help entrepreneurs who are committed to reducing air travel’s carbon footprint by utilising SAF research, technology, and manufacturing. The fund has corporate partners like Air Canada, Air New Zealand, Boeing, Google, and now Embraer, with over $200 million in investment commitments. Together, these partners help the aviation sector become more sustainable and move the industry closer to its 2050 objective of net-zero emissions.
By supporting a cleaner and more ecologically sensitive future for air travel, Embraer’s involvement in the UAV Sustainable Flight Fund demonstrates its commitment to sustainable aviation.
