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 $2.4 million across one funding round from one investor. In January 2024, NGV secured $2.4 million in its seed funding round.
Business overview
NGV is an Automotive & Mobility Technologies company focused on developing sustainable aviation fuel (SAF) and other renewable hydrocarbons. The company utilizes a catalytic process to convert carbon-rich waste streams, including carbon dioxide, municipal solid waste, and biomass. This technology integrates direct gas-phase conversion, aiming to streamline production and enhance cost-efficiency by eliminating intermediate upgrading steps. NGV operates within the Energy Tech and Climate Tech sectors, specifically targeting eco-efficient transportation and logistics, with a focus on the aviation industry.
Strategic signal
In February 2024, NGV garnered media attention for its innovative approach to producing green jet fuel from waste. This highlights the company's potential to address critical environmental concerns within the aviation industry by offering a sustainable alternative to traditional fuels, signaling strong market relevance and a forward-looking trajectory for investors interested in climate tech and renewable energy solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is NGV's core technology?
- 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. This process integrates direct gas-phase conversion, eliminating the need for intermediate upgrading steps.
- When was NGV founded and by whom?
- NGV was founded in October 2023 by Arie Sussely, Tomy Hos, and Prof. Moti Herskowitz.
- What was NGV's most recent funding event?
- In January 2024, NGV secured $2.4 million in a seed funding round from Ralco Energy.
- What is the environmental impact of NGV's technology?
- NGV's technology aims to achieve over 90% reduction in CO₂ emissions across the life cycle of its sustainable aviation fuel, by utilizing synthesis gas derived from waste or directly from CO₂.
- What markets does NGV target?
- NGV primarily targets the aviation industry, providing sustainable aviation fuel, and operates within the broader Automotive & Mobility Technologies, Energy Tech, and Climate Tech sectors.