Aircraft interior manufacturer Expliseat has boosted its coffers by €36 million following a funding round.

The increase represents the largest capital increase for the firm to date. This funding round will support the company’s 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.

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The funding round was led by Crédit 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 Développement, GO Capital, and NCI are renewing their funds.

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’s 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.

Amaury Barberot, CEO of Expliseat, said: ”This fundraising marks a decisive step in the history of Expliseat. The renewed confidence of historical investors and the support of leading players such as Crédit 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”.