Aramco's investment arm, Saudi Aramco Energy Ventures (SAEV), has agreed to invest €10 million ($11.1 million) in Airborne, part of a Series C investment round in which the Dutch company raised a total of €23 million from new and existing shareholders.
Other shareholders in the company include oil supermajors Shell and Chevron, among others.
Airborne will put the additional funds towards product development, qualification and expanding its manufacturing capacity.
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