# Jet Zero Australia

> Alcohol-to-Jet SAF and renewable diesel developer building Project Ulysses in Townsville, Queensland.

## Why it is interesting

September 7, 2026 A$30M (~$21.6M) Series C with Qantas and Airbus returning and POSCO International joining — strategic offtake/supply partners financing FEED toward FID on a planned ~113M liter/year SAF plant, not a pure VC growth SaaS cheque.

## Profile

- **Latest funding:** Series C — $21.6M (~A$30M) (September 2026)
- **Latest known valuation:** ~A$500M / ~$360M (media-reported) (September 2026)
- **Total disclosed equity funding:** Not publicly disclosed
- **Stage:** growth
- **Status:** private
- **Industries:** climate-tech, deep-tech
- **Coverage:** full
- **Last updated:** 2026-09-08
- **Latest funding investors:** Qantas, Airbus, POSCO International

## Key facts

- A$30M (~$21.6M) Series C; Qantas + Airbus + POSCO International (Sep 7, 2026)
- Total capital >A$80M (~$57.6M); media-reported valuation band ~A$500M (~$360M) — not company-disclosed
- Project Ulysses: up to ~113M L/year SAF + renewable diesel; Queensland final development approval; FID still pending

## Funding history

- Series C · $21.6M (~A$30M) · September 2026
  Source: https://www.aviacionline.com/english/sustainable-aviation/airbus-and-qantas-back-us-21-6-million-investment-to-produce-saf-in-australia_a6a9e7afb30b2041eb7df19d3

## Related articles

- https://venturecapitaltracker.com/2026-jet-zero-30m-aud-series-c-qantas-airbus-posco
- https://venturecapitaltracker.com/2026-september-7-8-investment-news-saf-voice-tenders-industrial

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 8, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/jet-zero-australia