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SUPPORT FOR INNOVATIVE STARTUPS
■ Safran’s strategy for aviation innovation and transformation is supported by its venture capital arm, Safran Corporate Ventures. This entity monitors about a hundred companies in Europe, North America and Asia that are actively involved in batteries and electrification, sustainable fuels, CO2 capture and hydrogen propulsion. Capitalized at €80 million, Safran Corporate Ventures has already invested in twelve companies since its launch in 2015. It supports several projects that reflect Safran’s vision of decarbonized aviation:
• Turbotech: a French startup founded by four former Safran employees, which is developing a turbogenerator for light aircraft or VTOLs under 650 kg, slated for service entry in 2024,
• Electric Power Systems (EPS): an American company in which Safran Ventures has invested
along with AEI Horizon X (formerly part of Boeing). It markets highly innovative high- performance battery systems, already chosen
for several state-of-the-art light aircraft 32 programs,
• Prodways Group: a specialist in additive manufacturing for industry, which offers plastic and metal 3D-printed parts,
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