PR86497

FARNBOROUGH, England, Nov. 9, 2020 /PRNewswire=KYODO JBN/ --

Series funding allows i6 to accelerate, expand and develop technology and service offering.

i6 Group Limited (i6), the leader in fuel management software for the aviation

industry, announces that it has secured Series A funding round.

i6 teamed with Deloitte to architect an investment syndicate including

International Airlines Group (IAG), Shell, World Fuel Services and JetBlue

Technology Ventures, who invested in February 2020. This funding will allow i6

to continue its market expansion and accelerate exciting new product development.

Founded in 2013, i6's platform connects stakeholders across all stages of the

aircraft refuelling process to improve operational efficiency through real-time

connectivity and data optimisation. This adaptable, scalable technology has the

potential to expand to verticals in adjacent markets, such as military,

logistics and retail. i6 technology enables the better management of fuelling

operations with more accuracy, which in turn helps to reduce costs and emissions.

"We are thrilled to join a strong consortium of investors to support the growth

of i6. The way their proprietary digital solutions enable the end-to-end

digitalisation of the aviation fuel supply chain, while solving key friction

points, adds tremendous value to their customer base." - Eva Wan, General

Manager Digital Strategy, Shell

"i6 is a leader in the development and deployment of transformational

technologies for the aviation fuel industry. We are excited to join them on

this journey, alongside a group of investors who are similarly committed to

bringing such technologies to market." - Sukumar Pillai, Vice President

Business Development, World Fuel Services Corporation

i6 is now deployed at over 150 international airports, including; London

Heathrow, Amsterdam, Toronto Pearson, Boston Logan International, Dubai

International and Bangalore. Its eHandshake® technology, which allows for a

100% paperless aircraft refuelling process and eliminates the manual and verbal

information exchange between a flight crew and refuelling operatives, was

awarded a patent this year. It is currently implemented at British Airways and

Virgin Atlantic with plans to expand.

"Our work with i6 began with the development of a fuel management tool in 2016

and we are currently working with the company on a bespoke project to digitise

operational aspects of our airport," said Roger Walker, Director Airport

Operations for Farnborough Airport. "This includes not only our frontline

operations, but also our back-office functions, such as finance and IT. The

experience has allowed us to continue on our journey in providing Europe's

leading business aviation airport and we expect our relationship with i6 to

continue to flourish in the future."

"We are very pleased to have concluded the investment process and are excited

by the strategic value that we believe can benefit both i6 and the existing and future

industries we serve."  - Steven Uhrmacher (CEO) & Alex Mattos (COO), i6 Group

About i6

Founded in 2013, i6 provides a cloud-based, digital fuel management platform

that enables fuel suppliers, airports, into-plane agents and airlines to better

plan, control, monitor and optimize fuelling operations. Their software

platform covers the entire fuel supply chain from "refinery to wing–tip."

Visit i6.io for more information.

Contact:  

Emily Loretto

E-mail - emily@i6.io  

Tel +44 (0) 1252 757159

Logo - https://mma.prnewswire.com/media/1328917/i6Group_Logo.jpg 

SOURCE: i6 Group