1 The EIC Accelerator Project

EIC Accelerator Program Overview

The EIC Accelerator program, part of the European Innovation Council (EIC), plays a pivotal role in supporting innovative startups and small to medium-sized enterprises (SMEs) across Europe. It is designed to help companies develop and scale breakthrough innovations with significant growth potential. The program primarily focuses on DeepTech sectors, which include advanced technologies such as artificial intelligence, biotechnology, and green energy solutions.

Funding Structure

The EIC Accelerator offers a unique blended finance model, which combines both grants and equity investments. The grant component can provide funding of up to €2.5 million, aimed at supporting the initial stages of innovation development.

Equity funding complements this by offering up to €15 million until 2024, and subsequently, up to €10 million from 2025 onwards. This equity investment is critical for startups seeking to scale their innovations, allowing them to attract additional private sector funding. The combination of grant and equity funding is designed to minimize financial risk while providing the necessary capital to propel companies through their growth phases.

Purpose and Impact

The primary objective of the EIC Accelerator is to bridge the funding gap that many innovative startups face, particularly in the early stages of development. By providing substantial financial resources, the program enables companies to advance their technologies, conduct market validation, and attract further investment from private sources. This is crucial in fostering a vibrant European startup ecosystem, particularly in sectors where innovation is essential for economic growth and sustainability.

The EIC Accelerator not only contributes to the financial aspects but also offers mentoring, networking opportunities, and access to a wide range of resources. This holistic approach helps companies navigate the complexities of scaling their operations and entering international markets.

AURA AERO SAS and the ERA Project

Company Overview

AURA AERO SAS, a French company, has emerged as a notable winner of the EIC Accelerator program, particularly for its innovative project known as ERA (Electric Regional Aircraft). This project received funding under the blended finance model, aligning perfectly with the EIC's mission to support groundbreaking innovations.

Project Description: ERA - Electric Regional Aircraft

The ERA project aims to revolutionize regional air travel by developing an electric aircraft specifically designed for short-haul routes. This initiative is timely, given the growing concerns over carbon emissions and the aviation industry's impact on climate change. The ERA aircraft is intended to provide a sustainable alternative, significantly reducing the carbon footprint associated with regional flights.

Technology Basics and Background

The technology underpinning the ERA project involves advanced electric propulsion systems, lightweight materials, and innovative aerodynamic designs. Key components of the technology include:

The development of the ERA project not only demonstrates AURA AERO's commitment to sustainability but also positions the company at the forefront of a rapidly evolving aviation sector. By integrating these advanced technologies, AURA AERO aims to address the pressing need for sustainable air travel solutions, ultimately contributing to the broader goals of the European Green Deal.

Conclusion

The EIC Accelerator program serves as a vital catalyst for innovation in Europe, particularly within the DeepTech and startup ecosystem. By providing both grant and equity funding, the program empowers companies like AURA AERO to bring transformative projects like the ERA electric regional aircraft to fruition. This initiative not only enhances the sustainability of regional air travel but also demonstrates the potential of innovative technologies to address global challenges. As the aviation industry continues to evolve, projects like ERA will play a crucial role in shaping the future of air travel toward a more sustainable paradigm.

2 The Funding Rounds

Financing Raised

Since AURA AERO SAS of France won the EIC Accelerator funding in March 2024, the company has significantly expanded its financial backing through a mix of public and private sources.

• Total Funding Raised (as of June 2024): Over €70 million from various sources over the past five years, including state support, regional investment, bondholders, venture capital (notably Innovacom), and private shareholders.
• EIC Accelerator Funding: In July 2024, AURA AERO secured €17.5 million from the European Innovation Council Accelerator to accelerate development and entry into service of its ERA hybrid-electric aircraft.
• France 2030 “Première Usine” Grant: An additional grant just over €12 million was awarded in September 2024 under France’s ambitious industrial strategy for setting up a new factory dedicated to producing the first prototype of ERA at Toulouse-Francazal airport.
• Innovation Fund Grant: In October 2024, AURA AERO received a prestigious €95 million grant from the European Union’s Innovation Fund for large-scale decarbonization initiatives—the first aeronautical company to do so via carbon credits.

Funding Rounds: Timing and Amounts

Date	Source/Funding Round	Amount	Purpose/Notes
~2019–June 2024	Various (state/regional/vc/private)	€70M+	Accumulated total since inception
March–July 2024	EIC Accelerator	€17.5M	To support ERA aircraft development
June–July 2024	Crowdfunding (Crowdcube)	N/A; ongoing	Opened campaign to public investors
September 2024	France 2030 (“Première Usine”)	~€12M	For new manufacturing facility
October 2024	EU Innovation Fund	€95M	For scaling up hybrid-electric aviation technologies

Details on exact amounts raised during seed or Series rounds are not made public; however, major institutional rounds have been reported as above.

Investor Information

AURA AERO's investor profile is characterized by strong institutional backing:

• French State
• Occitanie Region
• BPI France (French Public Investment Bank)
• Venture Capital firm Innovacom
• Private shareholders
• Bondholders

In mid-June through July 2024, they initiated their first pan-European crowdfunding campaign via Crowdcube—offering equity participation broadly for both individuals and communities interested in supporting low-carbon aviation solutions.

The company remains wholly owned by European shareholders as stated in official communications following their EIC win.

Company Valuations

No explicit post-money or pre-money valuation figures have been publicly disclosed following these funding rounds. However:

The scale of grants (€17.5M EIC + ~€12M Première Usine + €95M Innovation Fund) alongside historical investments suggests substantial valuation growth during this period.

Company statements indicate ambitions for further fundraising milestones as they scale production capacity and deepen commercialization efforts—implying targets aligned with valuations typical for late-stage deep-tech aerospace ventures backed by major EU initiatives.

Exit Events: IPOs or Buyouts/Acquisitions

As of May 6th, 2025:

There is no evidence that AURA AERO has undergone an IPO or announced acquisition/buyout activity.

The business remains independently operated with growing government/institutional support focused on scaling manufacturing rather than pursuing an exit event at this stage.

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Sources

Laureate of the EIC Accelerator: Press Release AURA AERO is a laureate of the European program EIC Accelerator Aura Aero receives €17.5 million of European funding Press Release - Aura Aero AURA AERO announces Innovation Fund grant (€95m) European Investment Council approved EUR17.5 finance deal with Aura Aero

3 The Press Releases

AURA AERO SAS: Decarbonizing Aviation with EIC Accelerator Funding

AURA AERO SAS, a pioneering French aircraft manufacturer, made significant strides in decarbonizing aviation after receiving funding through the European Innovation Council (EIC) Accelerator program in 2024. This support has been instrumental in advancing their innovative projects, particularly the development of hybrid-electric aircraft.

EIC Accelerator Funding

AURA AERO was awarded €17.5 million from the EIC Accelerator to accelerate the entry into service of its regional hybrid-electric aircraft, ERA. This funding is part of the EIC's broader commitment to support deep-tech startups contributing to decarbonization, with AURA AERO being one of the 68 selected companies out of 969 applicants.

Innovations and Projects

AURA AERO is developing the ERA, a 19-seater hybrid-electric regional aircraft designed to reduce carbon emissions significantly. The company aims to have the ERA in service before 2030, offering faster journey times and connecting smaller cities without heavy infrastructure investments. The ERA project is expected to reduce carbon emissions by the equivalent of 10 million tons over the first decade of operation.

In addition to ERA, AURA AERO has also been working on INTEGRAL E, the world's first certified electric aircraft in its class, which is set to begin flight tests. INTEGRAL E is a full-electric two-seater aircraft with a flight range of one hour and supercharging capabilities.

Partnerships and Recognition

AURA AERO has been recognized for its contributions to European innovation. The company is a member of the Alliance for Zero Emission Aviation (AZEA) executive committee and one of the founding companies of the European Future Mobility Taskforce. This involvement underscores AURA AERO's commitment to European initiatives in sustainable aviation.

Factory Development

The company has been awarded the "Première Usine" label for its AURA Factory project, which is part of the France 2030 plan. This new factory, set to be established at Toulouse-Francazal airport, will enable the production of the ERA prototype. The project has received additional funding of over €12 million from the French Public Investment Bank.

Team and Expansion

As AURA AERO expands its operations, it plans to increase its workforce from 250 to 1,600 employees over time, covering all operational functions. This growth is supported by the EIC funding and the strategic partnerships within Europe.

Press Releases and Social Media

AURA AERO's press releases are typically published on their website and highlight significant milestones such as funding awards and project updates. The company uses these releases to share information about its technological advancements and strategic partnerships.

Sources:

• Laureate of the EIC Accelerator, AURA AERO receives the “First Factory” label
• AURA AERO is a laureate of the European program EIC Accelerator
• Aura Aero receives €17.5 million of European funding
• AURA AERO announces, in the presence of François Durovray ...

4 The Technology Advancements

AURA AERO SAS: Recent Developments and Capabilities

AURA AERO SAS, a French company dedicated to decarbonizing air transport, has made significant advancements since receiving the European Innovation Council (EIC) Accelerator funding in March 2024.

Current Capabilities

AURA AERO specializes in designing and manufacturing innovative aircraft, focusing on reducing carbon emissions through advanced technology. Their product line includes:

• INTEGRAL Range: A series of two-seater aircraft with aerobatic capabilities, including models R and S, with the R model having received certification and the S model undergoing flight tests.
• ERA: A hybrid-electric regional transport aircraft designed to reduce carbon emissions significantly, with entry into service planned before 2030.

Advancements Since EIC Accelerator Funding

Following the EIC funding, AURA AERO has seen notable progress:

• EIC Accelerator Support: The €17.5 million investment from the EIC Accelerator has been crucial in accelerating the development of the ERA hybrid-electric aircraft, enhancing AURA AERO's role in European low-carbon aviation.
• Industrial Expansion: AURA AERO was awarded the "Première Usine" label as part of the France 2030 plan, securing additional funding for its AURA Factory project. This new factory at Toulouse-Francazal airport will enable increased production capacity and workforce expansion.
• Partnerships and Recognition: AURA AERO partnered with Airbus Flight Academy Europe (AFAE) to develop the Integral E, showcasing its collaborative approach to innovation. The company has also been recognized as a major player in European aviation, participating in key initiatives like the Alliance for Zero Emission Aviation (AZEA).

Technological Improvements and Demonstrations

AURA AERO has continued to enhance its technology:

• Electric Propulsion: The company is integrating Safran's ENGINeUS™ electric motor and GENeUSGRID™ electric distribution system into its aircraft, offering efficient and sustainable flight options.
• Demonstrations and Deliveries: Deliveries of the INTEGRAL series are expected to start in 2025, following successful certification and flight tests. The ERA's industrial concept is frozen, with production planned for the new factory.

New Patents and Scientific Studies

There is no publicly available information on new patents or scientific studies published specifically since the EIC funding. However, AURA AERO's participation in the France 2030 plan and its involvement with European institutions highlight its commitment to ongoing innovation.

Sources

• AURA AERO Press Kit
• AURA AERO Official Website
• AURA AERO Press Release
• French Aviation Company AURA AERO Announces Decision to Locate Manufacturing and Assembly Plant in Florida
• AURA AERO Obtains Certification for INTEGRAL R
• AURA AERO Laureate of the European Program EIC Accelerator
• AURA AERO Announces Support and Development
• Aura Aero, Big, Small, and Electric
• AURA AERO Receives the “First Factory” Label

5 The Partnerships and Customers

AURA AERO SAS: Expanding Horizons in Aviation

Since receiving the EIC Accelerator funding in March 2024, AURA AERO SAS, a French aviation company, has made significant strides in expanding its presence in the global aviation market. This expansion is marked by new partnerships, technological advancements, and strategic market positioning.

Partnerships and Customers

AURA AERO SAS has recently announced partnerships with three new European distributors for its aircraft families, INTEGRAL and ERA. These distributors include:

• European Aircraft Sales (Denmark): Covering Scandinavia, Finland, the Netherlands, and the Baltic states, this partnership enhances AURA AERO's reach in these regions.
• JB Investments Ltd (Poland): As Poland's longest-established aircraft distributor, JB Investments brings extensive experience in serving both corporate and public customers.
• B&C SRL (Italy): Supporting customers in Italy, Malta, Albania, Vatican, and San Marino, B&C SRL offers tailored services for aircraft purchases.

These partnerships not only expand AURA AERO's distribution network but also leverage the distributors' vast experience and networks to boost sales of its aircraft.

New Relationships and Market Positioning

These new partnerships position AURA AERO SAS as a formidable player in the general aviation market. By expanding its distribution network, the company gains access to a wider range of sales and service opportunities, strengthening its order book for both the INTEGRAL family and the ERA hybrid-electric aircraft. The partnerships are crucial for developing a broader customer base, especially in regions like Scandinavia, Italy, and Poland, where these distributors have established reputations.

Technology Advancements and Scaling

AURA AERO SAS is committed to advancing sustainable aviation technology. The INTEGRAL aircraft family, which includes thermal and electric versions, represents a significant step in this direction. The INTEGRAL E, powered by a Safran ENGINeUS electric motor, is undergoing flight tests with expected EASA certification and deliveries in Q4 2026. The ERA, a 19-seater hybrid-electric regional aircraft, is slated for commercial service before 2030, reflecting AURA AERO's focus on low-carbon aviation solutions.

The company's decision to establish a manufacturing and assembly plant in Florida also highlights its commitment to scaling operations and moving closer to key markets, such as the U.S.. This strategic move will facilitate the production of the INTEGRAL aircraft in the U.S., further expanding AURA AERO's global footprint.

Conclusion

AURA AERO SAS's partnerships and technological advancements are pivotal in positioning the company as a leader in sustainable aviation. By expanding its distribution network and investing in low-carbon aircraft technology, AURA AERO SAS is well-positioned to capitalize on the growing demand for environmentally friendly aviation solutions.

Sources

• AURA AERO announces 3 distributors for INTEGRAL and ERA
• AURA AERO: New European distributors for INTEGRAL and ERA
• Official unveiling of INTEGRAL R to the US market
• French Aviation Company AURA AERO Will Locate Manufacturing and Assembly Plant in Florida
• European Aircraft Sales partners with Aura Aero
• Aura Aero Appoints Dealers for Integral Light Aircraft Family
• Italy, Poland, Netherlands, And Scandinavia Embrace AURA AERO's Next-Gen Aircraft

6 The Hiring and Company Growth

AURA AERO's Workforce and Growth Strategy Post-EIC Accelerator Funding AURA AERO, a Toulouse-based aerospace innovator, has demonstrated significant workforce expansion and strategic hiring to support its dual focus on electric aircraft development and scaling production. While the company’s EIC Accelerator funding details are not publicly disclosed in available materials, recent organizational developments highlight its growth trajectory.

Current Headcount and Hiring Trends

As of late 2023, the company employed over 200 personnel, growing to nearly 250 by December 2024. This aligns with preparations for production ramp-up at its new €150 million Toulouse-Francazal facility, set to employ 1,600 staff at peak capacity. While specific hiring figures post-2024 are not detailed, open roles likely span engineering (aerodynamics, propulsion), manufacturing (assembly line specialists), and certification expertise to meet ambitious timelines for both INTEGRAL trainers (50/year) and ERA regional aircraft (100/year).

Key Positions Supporting Scale-Up

Recent hires emphasize:

• Certification specialists: Critical for achieving CS-23 approval for INTEGRAL R/S/E models and preparing ERA’s hybrid-electric systems for 2027 first flight/2030 certification.
• Digital design teams: Onshape cloud-CAD adoption highlights demand for engineers skilled in collaborative design workflows to accelerate prototyping.
• Global operations staff: Expansion into the U.S. market via Florida facilities requires local assembly technicians and customer support roles.

Future Impact of Team Growth

Scaling enables AURA AERO to:

Management Continuity Founders Jérémy Caussade (President) remain central to operations since co-founding the company in 2018 alongside Airbus veterans focused on low-carbon aviation disruption .

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Sources

• PRESS-KIT-EN-AURA-AERO-2025.pdf
• AURA AERO unveils INTEGRAL R to US market

7 The Media Features and Publications

AURA AERO SAS: A Pioneer in Sustainable Aviation

Since receiving the EIC Accelerator funding in March 2024, AURA AERO SAS has continued to make significant strides in the aviation industry, focusing on decarbonization and innovative aircraft designs. Here is a summary of the company's media features, publications, interviews, conference participations, and event involvement.

Media Features and Publications

AURA AERO has been featured prominently in media outlets for its pioneering work in sustainable aviation. For instance, the company was highlighted by French Minister François Durovray for its role in developing France's first electric aircraft, marking a crucial step towards more sustainable air mobility. Additionally, AURA AERO has been referred to as the "Tesla of the Skies" due to its ambitions to revolutionize regional transport with low-carbon aircraft, securing over 500 purchase commitments.

Podcasts and Interviews

Key executives from AURA AERO, such as Jacques Rocca and David Roche, have been interviewed by DirectIndustry to discuss the company's strategy and innovations in low-carbon aviation. These interviews provide insights into how AURA AERO leverages digital tools to develop competitive aircraft like the ERA hybrid-electric regional airliner. The company's founder and CEO, Jeremy Caussade, has also been featured in videos discussing AURA AERO's future plans and milestones, such as the delivery of the INTEGRAL R aircraft.

Conference and Fair Visits

AURA AERO actively participates in significant aviation events. In April 2024, the company presented its entire INTEGRAL family at AERO Friedrichshafen, a leading European show for general aviation. The event included a press conference and participation in the Hydrogen & Battery summit, where Jeremy Caussade discussed AURA AERO's energy and propulsion systems for its aircraft.

Events and Involvement

AURA AERO's involvement in events underscores its commitment to shaping the future of sustainable aviation. The company's participation in international forums highlights its innovative aircraft designs, such as the INTEGRAL E electric plane and the ERA hybrid-electric regional airliner, which are poised to transform regional transport.

AURA AERO received significant recognition when it was announced as a laureate of the prestigious "Innovation Fund" program, financed by the European Union, with an award of €95M. This funding further solidifies the company's position as a leader in sustainable aviation innovation.

Milestones and Achievements

One of the notable achievements for AURA AERO in recent times was the delivery of the first INTEGRAL R light training aircraft to Dijon Voltige, an aerobatic club in France. This delivery marks a crucial milestone as it is the first aircraft in AURA AERO's portfolio to reach the market, following EASA certification in December 2024.

Overall, AURA AERO SAS has made substantial progress in the field of sustainable aviation since receiving the EIC Accelerator funding. With its innovative aircraft designs and strategic participation in aviation events, the company continues to drive decarbonization efforts in the industry.

Sources

• AURA AERO
• AURA AERO: The Tesla of the Skies?
• AURA AERO at AERO Friedrichshafen
• Dijon Voltige Receives First AURA AERO INTEGRAL R Aircraft
• Aura Aero full company profile