Estuaire funding news – Climate Tech Startup Estuaire Secures €2.2Million in Seed Funding
Jun 25, 2024 | By Team SR
Paris-based Climate Tech startup Estuaire, which offers a data platform for airlines, airports, and aviation financiers, secures €2.2million in seed funding. The funding was headed by Climate Tech VC firm Satgana. Safran Corporate Ventures, XAnge, and AFI Ventures—Ventech's early-stage impact arm—are among the investors in the group.
It provides a platform for flight data analytics to assist airports and airlines in reducing CO2 and non-CO2 emissions, such as contrails, at a reasonable cost. Aircraft create linear clouds known as contrails.
Aviation financiers can evaluate their exposure to climate change and develop sustainable investment policies with this platform. The primary framework for climate-aligned aviation finance, the Pegasus Guidelines, accepts data from Estuaire as a qualified source.
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The main innovation of Estuaire is the E-Engine technical stack, which integrates all aviation data streams, such as radar flight tracks, numerical weather predictions, passenger load factors, and various climate and flight physics models, using data fusion and cloud computing.
With a developing pipeline across many verticals, Estuaire collaborates with businesses such as Vueling, SkyAlps, Nordic Aviation Capital, Societe Generale, Daher, Safran, Ascendance Flight Technologies, and Hynamics.
Satgana General Partner Romain Diaz commented: “Ever since we met with Maxime and Nicolas, we were impressed with their depth of knowledge, experience, drive, and sense of mission, making it clear that they are the kind of founders who can truly shake up an industry. It is particularly relevant in the aviation industry, which faces the thorny challenge of being poised to grow steadily in the decades to come while needing to drastically curb its emissions. We are extremely proud to lead Estuaire’s Seed round and look forward to supporting them in tackling the climate impact of the sector.”
Abdelheq Bouchekioua, Investment Director of Safran Corporate Ventures, commented: “Understanding and quantifying the impact of the aviation sector on the environment is a priority for Safran. The Estuaire software solution enables a thorough assessment of the impact of an aircraft fleet over its entire life cycle and has already demonstrated its relevance to numerous players in the industry. The investment in Estuaire will complement Safran Corporate Ventures’ portfolio of startups dedicated to the decarbonization of the aviation sector.”
Maxime Meijers, co-founder and CEO of Estuaire, commented: "Estuaire carries the belief in a more responsible way of flying. We aim to monitor emissions across the entire aviation value chain and develop solutions to reduce those emissions. With the right data, proper incentives, and regulatory mechanisms, we can foster a unified effort to achieve the sector's climate goals.”
About Estuaire
Maxime and Nicolas Meijers, two experienced pilot brothers, founded Estuaire. By decreasing its environmental impact, the aviation sector is to be empowered by Estuaire. The whole aviation pollution spectrum is examined by their data company, including aircraft manufacture, contrails, NOx emissions, and CO2 emissions. To lessen the impact of air travel, lessors, airlines, and carbon calculators receive actionable metrics.