"Aura Aero's ERA aircraft is a 19-seat hybrid-electric plane that utilizes eight ENGINeUS electric motors and two turbo-generators, enabling it to switch between hybrid and electric modes based on flight profiles."
"The funding package includes €50 million in private equity from notable investors, €120 million in public subsidies, and a €170 million investment from the State of Florida, which will facilitate job creation and local assembly."
"The ERA aircraft is projected to produce up to 80% lower in-flight emissions compared to traditional regional turboprops, marking a significant advancement in sustainable aviation technology."
Aura Aero, a French startup, has raised €340 million to advance its ERA hybrid-electric regional aircraft, which has over 650 letters of intent worth $10.5 billion. The funding includes private equity, public subsidies, and a significant investment from Florida. The ERA aircraft features eight electric motors and two turbo-generators, allowing it to operate in hybrid or electric modes, significantly lowering emissions. Aura Aero plans to establish a large assembly line in Florida by 2028, creating approximately 1,000 jobs.
Read at TNW | Artificial-Intelligence
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