Axiom Global Fuels Ltd is preparing a seed round to take the company from concept to financial close on Plant 1 — unlocking the full project capital for commercial operations from Q1 FY2028. Limited allocations available to qualified investors on request.
Most early-stage SAF companies have a thesis. Axiom has a project — with the technology, feedstock, offtake and policy framework already in place.
Shell Upgrader Technology independently confirmed product yields and biocrude specification — March 2026. SAF at 65 vol%, naphtha 30%, diesel 5%.
Upstream biocrude production partners in India have secured access to 1.8M tonnes of biocrude — rising to 3.6M tonnes. Contracted supply, not forecast.
Advanced catalytic hydroprocessing — the most commercially proven biocrude upgrading pathway available, with established industrial-scale precedent. Zero technology risk.
India's 8Mt/yr jet fuel market has essentially zero domestic SAF production. National Biofuel Policy mandates are law, not aspiration.
Base case project IRR of ~30% per plant. Substantial NPV per plant at 10% WACC. DSCR comfortably above debt service covenants across stress scenarios.
SAF certification pathway active. Shell alliance data provides significant head-start versus greenfield competitors.
The seed round funds eight critical operational milestones — at the end of which Plant 1 reaches financial close and the convertible note converts at Series A pricing.
All milestones below are funded by the seed round and form the substance of the company's value creation over the 12 months between seed close and Plant 1 financial close.
Bankable engineering study → unlocks Plant 1 equity close
Credibility with lenders and EPC bidders
Land secured · Environmental clearance process begins
Technical credibility for institutional investors
Capital grant pathway · upside not in base case
Series A · convertible note converts
Project capital deployed · construction commences
Revenue commencement · CORSIA credits issued
Each capital event de-risks the next. Seed investors convert at Series A. Series A is backed by senior debt at financial close. Senior debt refinances via green bond once Plant 1 is operating.
Convertible instrument. Funds 12 months to financial close.
Sponsor equity at financial close. Seed note converts at discount.
Project finance consortium. IREDA + IFC + commercial PCG structure.
Refinance senior debt. Masala Green Bond on LSE pathway.
Plant-level economics from the Consolidated Group Financial Model. Full assumptions, sensitivity tables and capital structure detail available in the data room to qualified investors.
Per plant, base case, 25-year life. Substantial NPV per plant at 10% WACC. ~3-year payback from commercial operations.
Steady-state Group EBITDA margin from FY2030. Combined Plant 1 + Plant 2 at full capacity. Drop-in product mix with carbon credit revenue layer.
Base case minimum debt service coverage. Substantial headroom against typical 1.3x covenant level across all stress scenarios.
Note on disclosure. Project-level economics above are drawn from the Axiom Consolidated Group Financial Model. Specific commercial terms of the current funding round — including raise size, valuation, discount, ticket size and conversion mechanics — are disclosed only to qualified investors who have completed self-certification and signed a non-disclosure agreement. See the request-access form below.
Specific commercial terms, the financial model, the debt financing strategy and supporting due diligence material are made available to qualified investors on request, subject to NDA and self-certification.
Full investor pack, including specific commercial terms of the current round, is available to qualified investors who satisfy one or more of:
You will be asked to provide formal self-certification before any specific commercial terms are disclosed.
This page is provided for informational purposes only and is directed at persons who qualify as Investment Professionals, High Net Worth Individuals, Sophisticated Investors or otherwise are persons to whom the financial promotion restriction in section 21 of the Financial Services and Markets Act 2000 does not apply. It does not constitute an offer or invitation to purchase or subscribe for any securities.
Forward-looking statements on this site are based on management's current expectations and assumptions, and are subject to risks and uncertainties. Past or projected performance is not a reliable indicator of future results. Project-level financial figures referenced above are derived from the company's internal financial model and are subject to change. Independent verification is recommended.
Axiom Global Fuels Ltd is a private company limited by shares, registered in England with company number 17191822. Registered office: 66 Paul Street, London EC2A 4NA.