OpenAirlines Secures €45 Million for Eco-Piloting Expansion
Deal News | Nov 14, 2024 | Mirova SA
OpenAirlines, a leading software company specializing in eco-piloting solutions, has successfully secured nearly €45 million in funding to further its mission of advancing sustainable aviation. The initiative was spearheaded by Eiffel Investment Group, with substantial backing from Mirova SA, a renowned sustainable investment firm. The fresh capital infusion is earmarked to bolster OpenAirlines' leadership in the aviation sector's ecological transition and to support its strategic expansion into North American and Asian markets.
Sectors
- Aviation
- Sustainable Investment
- Technology
Geography
- North America – OpenAirlines aims to expand its operations into North America, indicating a strategic market focus.
- Asia – Alongside expanding into North America, OpenAirlines is also targeting growth in Asian markets.
Industry
- Aviation – The article discusses OpenAirlines, a company involved in aviation, focusing on providing software for eco-piloting.
- Sustainable Investment – Mirova, a key player in the article, specializes in sustainable investment, supporting the ecological transition in various sectors.
- Technology – OpenAirlines provides software solutions, positioning it within the technology industry.
Financials
- €45 million – The total amount raised by OpenAirlines for expanding its eco-piloting solutions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OpenAirlines | Target Company | Company | A company specializing in software solutions for eco-piloting in the aviation industry. |
| Mirova SA | Private Equity Firm | Company | A sustainable investment firm supporting OpenAirlines in its fundraising efforts. |
| Eiffel Investment Group | Lead Investor | Company | An investment group leading the fundraising for OpenAirlines. |