Aciturri investing in Dovetail Electric Aviation

Aciturri, a Spanish aerostructures supplier and engine components manufacturer, announced its commitment to acquire a stake in Dovetail Electric Aviation, becoming a key industrial strategic partner and lead investor in Dovetail’s seed investment round, Tranche 2.

Aciturri’s decision to invest in Dovetail Electric Aviation reflects its dedication to supporting the development of sustainable aviation solutions. By leveraging Aciturri’s aerospace design and manufacturing capabilities and expertise, Dovetail Electric Aviation aims to accelerate the adoption of electric aircraft.

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, Dovetail will focus on the certification of electric-hydrogen aircraft conversions, with preliminary work currently underway with the integration of Dovetail’s first hydrogen-electric powertrain.

The purpose behind an electric-hydrogen aircraft conversion for Dovetail is to extend the range of the battery-powered aircraft.

With this agreement Aciturri becomes the lead investor in the second tranche of Dovetail’s seed investment round. With a total target of US$7 million, Dovetail split its seed round in two tranches, with the first one closed last year, with the airlines Rex in Australia, and Volotea and Air Nostrum in Europe, as the most relevant investors. In this second tranche Aciturri is leading the round, to be closed shortly with the addition of at least one institutional venture capital fund.

With a turnover of more than €380 million, Aciturri has two lines of business; design, manufacture and assembly of aerostructures (wing, fuselage, empennage, fairings, movables…) and the manufacture of engine components: primary structures, casings, rings and high precision machining.

Its customers include the main manufacturers in the sector: Airbus, Airbus Defence and Space, Boeing, Embraer, Deutsche Aircraft, Lilium, Safran Landing Systems, Safran Aircraft Engines, ITP Aero, and Rolls Royce.