Cambridge biotech startup Neela raises £2.1m to turn waste into aviation fuel

Cambridge-based startup Neela Biotech has raised £2.1m in pre-seed funding to scale its AI-driven technology that converts food, agricultural and forestry waste into sustainable aviation fuel (SAF). The funding will support the company’s transition from laboratory development to pilot-scale trials at an existing biogas plant over the next two years. The round was led by…