Low carbon aviation company AURA AERO is launching its first European crowdfunding campaign, via Crowdcube, in parallel with its main fundraising.
According to a company press release: “This possibility to invest, even if modestly, is open to all, and will enable French and European subscribers to support the development of the company, while giving AURA AERO the opportunity to not only raise new funds, but also rally a community around its collective and human adventure.
“This campaign will be in addition to the support which the company has received since its inception, from private shareholders and bondholders as well as the French State, the Occitanie Region, the BPI (French Public Investment Bank) and venture capital firm Innovacom. Thanks to this support, AURA AERO has already raised EUR70 million in the past five years. Since its launch in 2018, the aircraft manufacturer has passed many steps and industrial milestones, and almost 250 collaborators are taking part in this success today.”
Two aircraft (INTEGRAL R and INTEGRAL S) are already flying and their certification, as well as the first deliveries, are expected this year, reports the company, while the first flight of the third aircraft, INTEGRAL E (electric two-seater), will take place in the upcoming days.
“The program has passed MG4 in the first quarter of this year, validating the different architectural choices for materials and systems. Therefore, ERA has entered its detailed design phase, with commitments from the main industrial partners.” The manufacturer has also signed a cooperation agreement with Airbus Protect , the Airbus subsidiary specializing in risk management, in view of the aircraft’s certification. The company has letters of intent for a total of almost 500 aircraft, an order book valued at almost USD8 billion.
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