28 October 2024
French startup aircraft manufacturer Aura Aero has won access to a €94 million grant to accelerate its development of electric and hybrid-electric aircraft.
The grant comes from the European Union ‘Innovation Fund’ which is funded by revenues from the EU’s Emissions Trading System – the world’s largest carbon pricing system. The size of the fund depends on the price of carbon credits but the EU says “it may amount to about €40 billion from 2020 to 2030, calculated by using a carbon price of €75/tCO2.”
François Durovray, French Minister delegate for Transport, was at Aura Aero’s base at Toulouse-Francazal Airport last week to announce the grant.
François Durovray, French Minister delegate for Transport, second from right, at Aura Aero last week
“I am very proud to announce the launch of the first French electric aircraft, developed by the Toulouse-based startup Aura Aero,” he said. “This event marks a decisive stage in our commitment to a more sustainable and decarbonized aviation.
“Aviation is a crucial sector for our economy, but it must also evolve and address environmental challenges. Thanks to innovation and to the expertise of our French companies, we are taking a step further towards a responsible air mobility.
“This electric aircraft [Aura Aero’s Integral E electric two-seater – Ed] not only represents major technological progress, it also symbolizes our determination to reduce our carbon footprint.”
Aura Aero’s electric Integral E aerobatic two-seater. Photos: Aura Aero
The Integral E is expected to make its first flight soon. It’s expected to have a flight time of 60 minutes.
Aura Aero is also working on a hybrid-electric regional aircraft called ERA.
“We wish to thank the Minister for his support,” said Jérémy Caussade, President and co-founder of Aura Aero. “Thanks to the French and European institutions who have helped us, we have succeeded in developing Aura Aero and becoming a major player in the global aeronautical landscape. We hope that this support will continue to accelerate the decarbonization of aviation.”
