The aviation fuel suppliers industry in the US is crucial for supporting air travel across various sectors. In this market, companies range from major oil corporations to specialized startups focused on sustainable fuels. They provide traditional jet fuels, biofuels, and innovative energy solutions to airlines and airports. With increasing demand for greener options, the industry is moving towards sustainability, investing heavily in technologies like renewable jet fuel and hydrogen solutions. The focus on reducing carbon footprints has spurred interest in alternative fuels, positioning this industry for significant transformation to meet future environmental regulations and consumer preferences.


The list features a mix of investor types, from corporate giants like Chevron and United Airlines to innovative venture capitals like Y Combinator and Breakthrough Energy. Primarily located in key economic centers like New York, San Francisco, and Washington, D.C., the investors range in size, supporting hundreds to thousands of employees. Founded between the late 1970s and recent years, these firms have shown an active interest in the aviation sector, with notable deal counts in 2024 that reflect the industry's vibrant investment potential and its drive for sustainability in aviation fuel.


Top 19 Aviation Fuel Suppliers Investors in the US


1. U.S. Department of Energy (DOE)

  • Website: energy.gov
  • Type: Corporate
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1977
  • Headcount: 10001+
  • Number of deals in 2024: 597
  • LinkedIn: u-s--department-of-energy

The U.S. Department of Energy (DOE) is a public entity established in 1977, located in Washington, D.C. It oversees national energy policy, energy production, and nuclear power research, serving various stakeholders, including government entities and the public. The DOE provides guidance on energy efficiency, funding opportunities, and conducts research to address energy challenges. In recent years, the DOE has been involved in several significant transactions relevant to the aviation fuel sector. For instance, it provided a grant to LanzaJet, which focuses on sustainable aviation fuel production, and has also supported companies like Dimensional Energy and Synhelion, which are developing innovative fuel technologies. These investments highlight the DOE's commitment to advancing alternative fuels that can benefit the aviation industry.


2. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It specializes in providing funding and mentorship to early-stage technology companies, having successfully launched over 4,000 startups. Among its diverse portfolio, Y Combinator has made notable investments in the aviation sector, including Stralis Aircraft, which raised $2,000,000 in a Pre-Seed round in April 2023, and Wright Electric, which received funding through multiple rounds, including a Seed round and a Convertible Note in 2017. These investments highlight Y Combinator's commitment to fostering innovation in aviation, potentially impacting the aviation fuel suppliers industry.


3. Chevron

  • Website: chevron.com
  • Type: Corporate
  • Headquarters: Houston, Texas, United States (USA)
  • Founded year: 1999
  • Headcount: 10001+
  • Number of deals in 2024: 16
  • LinkedIn: chevron

Chevron Corporation is an energy company based in Houston, Texas, specializing in oil and natural gas exploration, production, and distribution. Founded in 1999, Chevron has grown to become a major player in the energy sector, providing a range of products including transportation fuels, lubricants, and petrochemicals. In recent years, Chevron has made significant investments in companies relevant to the fuel supply chain. For instance, they acquired Renewable Energy Group for $3.15 billion in 2022, which focuses on renewable fuels, and Puma Energy Australia in 2019, further solidifying their position in the fuel market. Additionally, Chevron participated in funding rounds for companies like Raven SR, which is involved in renewable fuels. These transactions highlight Chevron's active role in the energy market, including aviation fuel supply, while also investing in sustainable energy solutions.


4. Breakthrough Energy


Breakthrough Energy is a not-for-profit organization founded in 2015, based in Kirkland, Washington, dedicated to accelerating the transition to a net-zero economy. They support innovative technologies and advocate for policies that promote clean energy solutions. Their clientele includes businesses and organizations in the clean energy sector seeking funding, research support, and policy advocacy to combat climate change. Notably, Breakthrough Energy has made significant investments in the aviation fuel sector, including a $50 million grant to LanzaJet for their Freedom Pines Fuels SAF plant, which aims to produce sustainable aviation fuel. They also participated in a $25 million Series A investment in Viridos, Inc., which focuses on increasing algae oil productivity for biofuels. Furthermore, their involvement with ZeroAvia, which raised $34 million in Series C funding, highlights their commitment to advancing clean aviation technologies. These transactions underscore Breakthrough Energy's strategic focus on sustainable aviation fuel and related technologies.


5. World Kinect Energy Services


World Kinect Energy Services, founded in 1984 and based in Miami, Florida, is a corporate investor and energy solutions provider that specializes in fuel and energy services for businesses in the aviation, marine, and land transportation sectors. The company offers a comprehensive range of services, including energy procurement, sustainability solutions, and fuel management, aimed at helping customers optimize operations and reduce costs. Notably, World Kinect has made several strategic acquisitions, including Lakeside Capital Holdings, Henty Oil Ltd., and Associated Petroleum Products, which enhance their capabilities in the fuel supply sector. Their involvement in a Series A funding round for i6 Group, alongside major players like International Airlines Group and Shell, further underscores their commitment to the aviation industry and innovation in fuel solutions.


6. Kkr

  • Website: kkr.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1976
  • Headcount: 1001-5000
  • Number of deals in 2024: 74
  • LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR has established itself as a global leader in asset management, providing tailored solutions to institutional and individual investors. In the aviation sector, KKR has made notable investments, including a $1 billion commitment to Altavair AirFinance, which focuses on acquiring cargo aircraft for long-term leases to airlines. Additionally, KKR acquired an aviation loan portfolio from CIT Group for nearly $800 million, further solidifying its presence in aviation finance. The recent acquisition of a 74.25% stake in Queensland Airports Limited highlights KKR's strategic interest in aviation infrastructure, encompassing key airports in Australia. These transactions reflect KKR's commitment to leveraging its expertise in the aviation industry, making it a relevant player in the aviation fuel suppliers market.


7. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

The Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. The fund has been actively involved in the aviation sector, with notable transactions including a $13 million Series A investment in ZeroAvia, a company focused on hydrogen fuel cell technology for aviation, and a $107 million Series B investment in Heart Aerospace, which is developing hybrid-electric aircraft. Additionally, they participated in a $69 million Series B round for Air Company, which is innovating in sustainable fuel production. These investments highlight the fund's commitment to supporting advancements in aviation fuel technologies and sustainable aviation solutions.


8. Sosv

  • Website: sosv.com
  • Type: Venture Capital
  • Headquarters: United States (USA)
  • Founded year: 1995
  • Headcount: 51-200
  • Number of deals in 2024: 170
  • LinkedIn: sosv

SOSV is a venture capital firm founded in 1995, based in the United States, that specializes in funding and supporting deep tech startups through its development programs. The firm provides venture capital investment and resources to help startups in various sectors, including health and climate technology, grow and succeed. In recent years, SOSV has been actively involved in the aviation fuel suppliers context, particularly through its investments in companies like XFuel, which has raised multiple rounds of funding, including seed and Series A rounds, aimed at developing innovative fuel solutions. Additionally, VIA BioFuels, another company in their portfolio, is focused on biofuels, further emphasizing SOSV's commitment to sustainable fuel technologies. With 170 investments in 2024 alone, SOSV operates globally, connecting innovative companies with investors and supporting advancements in the aviation fuel sector.


9. Starburst


Starburst is a consulting firm specializing in the aerospace and defense industry, founded in 2012 and located in El Segundo, California. They provide startup acceleration, strategy consulting, and venture investments to help clients innovate within these sectors. Notably, Starburst has been involved in several relevant transactions, including investments in FuelX Innovation, which focuses on fuel technology, and ZeroAvia, which is working on hydrogen fuel cell technology for aviation. These investments highlight Starburst's active role in supporting advancements in aviation fuel solutions, making them a significant player in the industry.


10. JetBlue Ventures

  • Website: jetblueventures.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: jetblue-ventures

JetBlue Ventures is a venture capital firm based in San Francisco, California, founded in 2016. The firm specializes in investing in early-stage startups that aim to improve the travel and hospitality industries. With a focus on sustainable travel and advanced technologies, JetBlue Ventures has actively participated in funding rounds for companies that are innovating in the aviation fuel sector. Notably, they invested in Universal Hydrogen, which is developing hydrogen fueling technology for aviation, and Aether Fuels, which is working on proprietary production technologies for sustainable fuels. Their involvement in these transactions highlights their commitment to enhancing customer experiences and promoting sustainability in the aviation industry.


11. Blackstone

  • Website: blackstone.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 57
  • LinkedIn: blackstonegroup

Blackstone Inc. is a prominent investment management firm based in New York, specializing in alternative investments. Founded in 1985, the firm has built a diverse portfolio that includes private equity, real estate, and credit solutions for both institutional and individual investors. Blackstone focuses on creating value through strategic investments and has been involved in various significant transactions. Notably, in December 2024, Blackstone participated in a corporate round for Jet Support Services, raising $1 billion. This company is involved in the aviation sector, which may relate to aviation fuel supply. Additionally, Blackstone has made other acquisitions and investments across different industries, showcasing its broad investment strategy and capability to influence various markets, including aviation.


12. Apollo Global Management, Inc.

  • Website: apollo.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1990
  • Headcount: 1001-5000
  • Number of deals in 2024: 46
  • LinkedIn: apollo-global-management-inc

Apollo Global Management, Inc. is an asset management firm based in New York, specializing in alternative assets and retirement solutions. Founded in 1990, the firm manages a diverse portfolio across credit, private equity, and real assets, catering to institutional investors, corporations, and individual clients. In recent years, Apollo has made significant investments in the aviation sector, including the acquisition of Modern Aviation, a fixed-base operator with 16 locations in the USA, which supports their growth in aviation fuel services. Additionally, they acquired PK AirFinance, an aviation lending business, which includes a substantial loan portfolio related to aircraft financing. These strategic investments highlight Apollo's commitment to the aviation industry and its related sectors, including aviation fuel supply.


13. Morgan Stanley

  • Website: morganstanley.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1986
  • Headcount: 10001+
  • Number of deals in 2024: 79
  • LinkedIn: morgan-stanley

Morgan Stanley is a prominent investment bank and financial services firm founded in 1986, headquartered in New York, New York. The firm offers a wide range of services, including wealth management, investment banking, and capital markets, catering to individuals, families, corporations, and governments. With a global presence and a workforce exceeding 10,000, Morgan Stanley leverages its expertise to provide tailored financial solutions. Notably, the firm has been involved in significant transactions within the aviation sector, such as the $350 million debt raised by Embraer in August 2024, highlighting its engagement with aviation companies. Additionally, Morgan Stanley's earlier investments in Range Fuels, which raised funds in Series B and C rounds, reflect its interest in alternative fuel sources, which are increasingly relevant to the aviation fuel supply chain. These transactions underscore Morgan Stanley's strategic positioning within the aviation industry, making it a noteworthy investor in the aviation fuel suppliers context.


14. The Carlyle Group

  • Website: carlyle.com
  • Type: Private Equity
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1987
  • Headcount: 1001-5000
  • Number of deals in 2024: 25
  • LinkedIn: the-carlyle-group

The Carlyle Group Inc. is a prominent investment management firm founded in 1987, specializing in private equity, real assets, and private credit. With a global presence and a focus on providing tailored investment solutions to institutional investors, Carlyle aims to drive long-term value. Notably, Carlyle has made significant investments in the aviation sector, including the acquisition of StandardAero, a key player in the aerospace maintenance and repair industry, and the establishment of Carlyle Aviation Partners through the acquisition of Apollo Aviation. These transactions highlight Carlyle's strategic interest in aviation, which may encompass aviation fuel supply and related services. Additionally, their investment in Nordam Group, which provides aerospace manufacturing and maintenance services, further underscores their commitment to the aviation industry.


15. Platinum Equity

  • Website: platinumequity.com
  • Type: Private Equity
  • Headquarters: Beverly Hills, California, United States (USA)
  • Founded year: 1995
  • Headcount: 201-500
  • Number of deals in 2024: 20
  • LinkedIn: platinum-equity

Platinum Equity is a private equity firm based in Beverly Hills, California, founded in 1995. The firm specializes in mergers, acquisitions, and operations management, focusing on investing in established companies across various industries. With a portfolio of approximately 50 companies and managing over $48 billion in assets, Platinum Equity provides capital and operational expertise to enhance growth and profitability. Notably, they have made significant investments in the aviation sector, including the acquisition of Unical Aviation Inc., the largest independently owned provider of aviation surplus spare parts globally, and Worldwide Flight Services, which offers ground handling services for airlines. These transactions highlight their strategic interest in the aviation industry, particularly in areas that intersect with aviation fuel supply and services.


16. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm based in New York, New York, founded in 1998. It offers a comprehensive range of services, including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. In 2024, Goldman Sachs has been actively involved in 59 investments, showcasing its robust presence in the financial market. Notably, they participated in significant transactions relevant to the aviation sector, such as Embraer's $350 million post-IPO debt raise on August 6, 2024, which highlights their engagement with companies in the aerospace industry. This involvement suggests a strategic interest in sectors that may intersect with aviation fuel supply, making them a potential investor in this field.


17. Liquid 2 Ventures

  • Website: liquid2.vc
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 91
  • LinkedIn: liquid-2-ventures

Liquid 2 Ventures is a venture capital firm based in San Francisco, California, founded in 2015. The firm specializes in investing in technology startups at the pre-seed and seed stages, as well as growth-stage companies. They provide capital, mentorship, and access to a vast network of industry insiders to help founders navigate their entrepreneurial journeys. Notably, Liquid 2 Ventures has invested in several companies relevant to the aviation sector, including Stralis Aircraft, which raised $2 million in a pre-seed round, and Destinus, a Swiss startup that raised $29 million for its hydrogen-powered supersonic flight initiative. Additionally, they have invested in Regent, which raised $9 million for its electric seagliders, and Natilus, which raised $12.68 million for its innovative cargo aircraft. These transactions highlight Liquid 2 Ventures' engagement with companies that could influence the future of aviation fuel supply, particularly in the context of sustainable and alternative fuels.


18. Elemental Impact


Elemental Impact is a not-for-profit organization based in Honolulu, Hawaii, founded in 2012. The organization is dedicated to scaling climate technologies that have a significant community impact. They provide funding opportunities, community engagement strategies, and educational resources to support climate technology companies and local governments in deploying sustainable solutions. In 2024, Elemental Impact has been involved in 19 investments, including notable transactions in the aviation fuel sector. They participated in funding rounds for companies like Dimensional Energy, which is developing advanced power-to-liquid fuels, and ZeroAvia, which focuses on hydrogen-powered aviation solutions. These investments reflect Elemental Impact's commitment to addressing the funding gap for early-stage climate projects and fostering partnerships that enhance community benefits, particularly in the context of sustainable aviation fuels.


19. Stonepeak

  • Website: stonepeak.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2011
  • Headcount: 201-500
  • Number of deals in 2024: 16
  • LinkedIn: stonepeak-partners

Stonepeak is a private equity investment firm based in New York, specializing in infrastructure and real estate investments. Founded in 2011, the firm manages assets on behalf of large institutions, including pension funds and endowments, focusing on creating value through strategic investments in critical infrastructure that supports daily life. Stonepeak has been involved in various significant transactions, including the acquisition of Air Transport Services Group (ATSG) for approximately USD 3.1 billion, which highlights their interest in the aviation sector. Additionally, they have engaged in transactions with companies like Phillips 66 Partners and Clean Energy Fuels, indicating a broader focus on energy and infrastructure. While their primary focus is not solely on aviation fuel suppliers, their investments in aviation-related companies suggest a potential interest in the sector.



Aviation Fuel Suppliers Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
U.S. Department of Energy (DOE)Washington, D.C., District Of Columbia, United States (USA)10001+1977597
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
ChevronHouston, Texas, United States (USA)10001+199916
Breakthrough EnergyKirkland, Washington, United States (USA)51-200201538
World Kinect Energy ServicesMiami, Florida, United States (USA)5001-1000019840
KkrNew York, New York, United States (USA)1001-5000197674
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
SosvUnited States (USA)51-2001995170
StarburstEl Segundo, California, United States (USA)51-20020123
JetBlue VenturesSan Francisco, California, United States (USA)11-5020165
BlackstoneNew York, New York, United States (USA)1001-5000198557
Apollo Global Management, Inc.New York, New York, United States (USA)1001-5000199046
Morgan StanleyNew York, New York, United States (USA)10001+198679
The Carlyle GroupWashington, D.C., District Of Columbia, United States (USA)1001-5000198725
Platinum EquityBeverly Hills, California, United States (USA)201-500199520
Goldman SachsNew York, New York, United States (USA)10001+199859
Liquid 2 VenturesSan Francisco, California, United States (USA)1-10201591
Elemental ImpactHonolulu, Hawaii, United States (USA)51-200201219
StonepeakNew York, New York, United States (USA)201-500201116


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