Aciturri Acquires Stake in Dovetail Electric Aviation

Aci­tur­ri, a lead­ing Span­ish aerostruc­tures sup­pli­er and engine com­po­nents man­u­fac­tur­er, announced this week a com­mit­ment to acquire a stake in Dove­tail Elec­tric Avi­a­tion, to become a key indus­tri­al strate­gic part­ner and lead investor in Dovetail’s seed invest­ment round, Tranche 2, reports a press release.

This invest­ment empha­sis­es Aciturri’s com­mit­ment to sus­tain­abil­i­ty and inno­va­tion in aero­space man­u­fac­tur­ing. For by sup­port­ing the devel­op­ment of elec­tric air­craft, the com­pa­ny is play­ing a key role in shap­ing the future of air trav­el, mak­ing it more sus­tain­able and envi­ron­men­tal­ly friend­ly.

David Doral, CEO of Dove­tail Elec­tric Avi­a­tion, com­ment­ed, “Aci­tur­ri’s involve­ment brings not only finan­cial sup­port, but also sig­nif­i­cant capa­bil­i­ties that will great­ly enhance our tech­nol­o­gy roadmap and accel­er­ate our path to mar­ket.”

He con­tin­ued, “Their track record and exper­tise in high tech­nol­o­gy aerostruc­tures and engine parts will add immense val­ue to our oper­a­tions, help­ing us bring our inno­v­a­tive solu­tions to mar­ket faster and more effi­cient­ly.”

Aci­tur­ri Fac­to­ry Floor

The release states, “Dove­tail is ini­tial­ly tar­get­ing cer­ti­fi­ca­tion of its first bat­tery-elec­tric pow­ered air­craft in 2026, as a first step to bring a prod­uct in the mar­ket. Lat­er on, the com­pa­ny will focus on the cer­ti­fi­ca­tion of elec­tric-hydro­gen air­craft con­ver­sions, with pre­lim­i­nary work cur­rent­ly under­way with the inte­gra­tion of its first hydro­gen-elec­tric pow­er­train.”

Aci­tur­ri becomes the lead investor in the sec­ond tranche of Dovetail’s seed invest­ment round. With a total tar­get of USD7 mil­lion, Dove­tail split its seed round in two tranch­es, with the first one closed last year, with the air­lines Rex in Aus­tralia, Volotea and Air Nos­trum in Europe, as the most sig­nif­i­cant investors.

Back­ground

Aci­tur­ri is a fam­i­ly busi­ness and was found­ed in 1977. With an annu­al turnover of  around EUR400 mil­lion, the com­pa­ny has two lines of busi­ness: design, man­u­fac­ture and assem­bly of aerostruc­tures (wing, fuse­lage, empen­nage, fair­ings, mov­ables…); and the man­u­fac­ture of engine com­po­nents includ­ing pri­ma­ry struc­tures, cas­ings, rings and high pre­ci­sion machin­ing.

Its cus­tomers include Air­bus, Boe­ing, Embraer, Lil­i­um, Safran Air­craft Engines and Rolls Royce. The com­pa­ny cur­rent­ly has over 2,900 employ­ees with work cen­tres in Spain, Por­tu­gal, Brazil, France and Moroc­co.

David Doral

Dove­tail Elec­tric Avi­a­tion is a joint com­pa­ny found­ed by Dante Aero­nau­ti­cal and Syd­ney Sea­planes. It is devel­op­ing both bat­tery and hydro­gen pow­er­plants to con­vert con­ven­tion­al region­al fixed wing air­craft into elec­tric, enabling avi­a­tion oper­a­tors to fly region­al routes in zero-emis­sion air­craft. The com­pa­ny has a pres­ence both in Spain and Aus­tralia. 

For more infor­ma­tion

www.aciturri.com

www.dovetail.aero

(Top image: Dove­tail Elec­tric Avi­a­tion Team)

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