Aircraft interior manufacturer Expliseat has boosted its coffers by \u20ac36 million following a funding round.<\/p>\n
The increase represents the largest capital increase for the firm to date. This funding round will support the company\u2019s efforts to strengthen manufacturing capabilities, expand its product range toward premium offerings for the North American market, and accelerate global expansion, with the US as a key target market.<\/p>\n
READ:\u00a0Expliseat raises US$19 million to develop ultralight seating\u00a0<\/a><\/strong><\/p>\n The funding round was led by Cr\u00e9dit Mutuel Innovation (CMI), along with the SPI fund managed by Bpifrance for the French Government with the participation of Supernova Invest and Swen Capital. As historical investors, BNP Paribas D\u00e9veloppement, GO Capital, and NCI are renewing their funds.<\/p>\n The company is targeting the North American regional aviation market. Expliseat recently opened a commercial hub in Montreal to better serve strategic customers and to strengthen its foothold in the world\u2019s deepest commercial aviation market. With nearly 90% of revenue from exports, the company is accelerating expansion in key markets with high growth potential, starting with the US market.<\/p>\n Amaury Barberot, CEO of Expliseat, said: \u201dThis fundraising marks a decisive step in the history of Expliseat. The renewed confidence of historical investors and the support of leading players such as Cr\u00e9dit Mutuel Innovation and Supernova Invest give us the means to invest in new ultra-light technologies and to continue our development on a global scale\u201d.<\/p>\n The post Expliseat receives \u20ac36m in funding round<\/a> appeared first on Aviation Business News<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Aircraft interior manufacturer Expliseat has boosted its coffers by \u20ac36 million following a funding round. The increase represents the largest capital increase for the firm to date. This funding round will support the company\u2019s efforts to strengthen manufacturing capabilities, expand its product range toward premium offerings for the North American market, and accelerate global expansion, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-232","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts\/232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/comments?post=232"}],"version-history":[{"count":0,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/posts\/232\/revisions"}],"wp:attachment":[{"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/media?parent=232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/categories?post=232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zephyrsys.us\/index.php\/wp-json\/wp\/v2\/tags?post=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}