What Happened
Toulouse-Based Company Expands Hybrid-Electric Aircraft Capabilities
AURA AERO, a Toulouse-based company, has acquired VoltAero, a French startup developing hybrid-electric aircraft. VoltAero had been experiencing financial difficulties before the acquisition. AURA AERO plans to use the acquisition to expand its ENBATA drone activities and continue electric-propulsion flight testing. The company has raised €340 million in funding, mostly through public support mechanisms. This development was first reported by AeroTime.