Founded in Paris in 2012 and relocated to Toulouse in September 2025, Kepplair Evolution develops conversions that turn ATR 72 regional airliners into multirole water-bomber aircraft. The company plans its first prototype conversion to be completed at Aerotec Blagnac with delivery to the hangars expected on 1 July 2026 and a target for the first operational aircraft in the 2027 fire season. Kepplair argues the ATR 72 is well suited for conversion because of its robustness, operational economy, and availability on the secondhand market, allowing potentially hundreds of conversions over time. Management targets a global market of roughly 300 water-bomber aircraft by 2040 and has secured a letter of intent from airline Amelia for two conversions. Financially, Kepplair has raised €3 million via ORA and €2 million in a pre-Series A, recently secured €5 million of public funding, and is negotiating a further €20 million, which together could mobilize nearly €30 million for the program. The company aims to serve state operators across Europe, North America and Australia as well as private operators.

Total raised

$12M

Funding rounds

3

Latest round

Equity

Latest activity

Mar 2026