At the Vivatech trade show, the French government, through the ministers Bruno Le Maire, Jean-Noël Barrot, Roland Lescure and Sylvie Retailleau, announced the appointment of Elixir Aircraft as one of the winners of the first French Tech 2030 program.
At the forefront of the fight against climate change with its SAF (sustainable Aviation Fuel) and hydrogen-powered training aircraft, manufacturer Elixir Aircraft is very proud to announce its selection as one of the winners of the French Tech 2030 program.
During the presentation of the French Tech Next40/FT120 program last February, the President of the French Republic expressed his wish to strengthen public support for around a hundred innovative companies, against a backdrop of particularly aggressive international competition. The aim is to increase risk-taking and the share of emerging players. To achieve this ambition, the French Tech 2030 program was launched.
Following a rigorous selection process led by the General Secretary of Investments, in charge of France 2030, in conjunction with all government departments and Bpifrance, Elixir Aircraft stood out from over 840 applicants, demonstrating remarkable potential in one of France 2030’s key sectors.
Criteria are based on the following points:
Breakthrough innovation: Elixir offers a range of 4th-generation training aircraft with SAF and hydrogen low-carbon engines. Elixir Aircraft’s innovation already reduces CO2 emissions by 70% compared with the current training fleet.
An international market with high concern and potential: Elixir Aircraft is focusing on replacing the 160,000 fleet of training and leisure aircraft produced in the 60s and 70s.
A business model based on strong short- and medium-term growth: Elixir Aircraft has booked +300 orders, pre-orders and letters of intent in less than 3 years on the market.
A strategic vision for the company: With a short-, medium- and long-term vision of the decarbonization of aviation, Elixir Aircraft is massively committed to the fight against climate change, while guaranteeing the economic sustainability of light aircraft operators.
Assessing the need for government support: Launching a certified aeronautics business in France requires substantial investment, and government support is vital in this sector.
French Tech 2030 winners will have access to:
- A unique program of emerging players to raise companies’ profile with talent, investors and customers (as with the Next40).
- Support for public funding with Bpifrance, to mobilize all France 2030 funding, not only to support projects, but also to accelerate them and increase their size;
- Support for product marketing, with meetings with potential customers, not only public purchasers, but also major groups, ETIs, etc., as well as regulatory marketing procedures;
- Support for private financing, with meetings with private financiers (funds, banks, IPOs), Next40 experience sharing, workshops, etc.
- Support for links with research organizations, to help them collaborate with the best researchers.
About Elixir Aircraft
Elixir Aircraft, a company headquartered in La Rochelle, France, with nearly 100 employees, was founded in 2015 to meet the challenges of global light aviation.
The French company’s objective: to manufacture safer, more economical and more versatile aircraft. Complexity is the reason why today’s aircraft suffer from failures (technical or human), and are costly to operate (fuel consumption and maintenance).
Elixir Aircraft uses a technology from the world of competitive sailing, the Carbon Oneshot, to simplify structures. More simplicity means fewer failures, so greater safety, but also less maintenance, and lower costs (estimates of €40/h fuel and maintenance).
At the end of 2021, Elixir Aircraft opened a new production site in Périgny, Charente Maritime, to internalize all carbon parts production.
Elixir Aircraft in Figures:
- 4th-generation two-seater aircraft certified EASA CS-23 since 2020
- 100 employees, including more than 70 hired since the first quarter of 2021
- Two production sites in France, one of 2300m², the other of 2000m²
- +70 aircraft on firm order
- +140 avions en pré-commande et letttres d’intention aux Etats-Unis et en Europe
Source: Elixir Aircraft Press Release
Photo Credit: Elixir Aircraft (shown as meta image)