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
