MicroTau nabs $5.6Mn to address aircraft emissions with shark-skin film

By Tejaswita Tiwari  | Date: 2022-06-15

MicroTau nabs $5.6Mn to address aircraft emissions with shark-skin film

Sydney-based MicroTau has reportedly secured $5.6 million to feature its shark-skin-inspired film on commercial aircraft and help cut down on emissions in the aviation industry. 

The Clean Energy Finance Corporation (CEFC) of Australia invested $2 million into the seed funding round for MicroTau. The financing tranche also witnessed the support from venture capitalists including Bill Tai and Amanda Terry of ACTAI Ventures, and Bandera Capital.

The microscopic film is ready to be used at the surface of an aircraft to reduce drag and parallelly enhance fuel efficiency and reduce aircraft emissions.

According to Henry Bilinsky, MicroTau CEO and Founder, one of the major concerns for the aviation and shipping sectors is the excessive burning of fuel, which is only getting worse.

Bilinsky added that with the capital from CEFC, MicroTau will be able to incorporate shark skin-inspired film on planes as a combat strategy against climate change, following nature’s contribution to improving efficiency with the development of solutions for millions of years.

Essentially, MicroTau’s innovation uses patterned light to design microscopic structures called ‘riblets’- the drag-reduction texture present on the skin of sharks.

The riblet-like film can be used during scheduled aircraft maintenance with capabilities to save the commercial aviation sector fuel costs of more than $34 billion and mitigate nearly 225 million tonnes of carbon dioxide each year.

While the primary focus of the funding will be to make the shark skin film fit for application in large commercial aircrafts, the capital aid will also enable the company to expand its team of scientists, business development specialists, and engineers.

So far, the film has proven to be successful in delivering efficiency improvement across in-flight testing, encouraging the MicroTau team to work towards scaling up the fuel efficiency by up to 10%.

Subsequently, this has helped the company attract some of the world’s largest aviation manufacturers and operators, including the United States Air Force to the tech.

Aviation fuel is one of the largest cost contributors to airline operations with approximately $260 billion in annual expenditure prior to the COVID-19 pandemic.

Source Credit: https://www.businessnewsaustralia.com/articles/-microtau-makes-a-splash-after-raising--5-6-million-to-develop-shark-skin-film-for-planes.html

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Tejaswita Tiwari     thisisourtownrichmond.co.uk

Tejaswita Tiwari

Being born in a family of readers, Tejaswita has always had a natural flair for writing, using that enthusiasm to become a full-fledged writer after earning her MBA in Marketing. Her insatiable curiosity to learn about various verticals has made her a popular research...

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