Aura Renewable Acquisitions plc
ARA.L
London Stock Exchange3.39
GBp
+0.89
- -
Aura Renewable Acquisitions plc
ARA.L
(London Stock Exchange)
Recent
price
3.39
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Aura Renewable Acquisitions plc is a United Kingdom-based special purpose acquisition company focused on acquiring and holding businesses in the global renewable energy sector supply chain. Incorporated on 4 November 2021 and headquartered at 35 Ballards Lane, London, England, N3 1XW, the company targets participants across wind, solar, biomass, hydropower, carbon capture, waste management, smart grids, green hydrogen, battery technologies, and related sub-sectors spanning raw materials resourcing, power generation, energy storage, and recycling. It operates with a global remit, pursuing phased strategic acquisitions of high-growth targets in mature and emerging markets, followed by complementary bolt-on deals and organic expansion to build scale, enhance market share, and deliver shareholder value. The company maintains minimal operations as a cash shell, with cash reserves of £486,000 at 31 December 2024 and controlled overheads yielding a pre-tax loss of £185,000 for the year. It leverages its board's expertise in renewables, corporate finance, and special situations—led by Non-Executive Chairman John Croft, alongside Directors David Fitzsimmons, Guy Ranawake, and Robin Stevens—to identify and diligence opportunities while engaging professional advisors for legal and financial reviews. Aura's founder shareholder, Harmony Capital Investments Limited, holds 14.29% of ordinary shares, with no current subsidiaries or operational revenue streams. In recent developments, Aura entered heads of terms on 9 December 2024 to acquire 100% of Zero Carbon Capital Limited, a UK firm planning lead-acid and lithium-ion battery recycling facilities in Spain's La Mancha province using Cambridge University-licensed technology to recover black mass materials like copper, lithium, cobalt, manganese, and nickel; the deal, valued with ZCT raising at least £10 million at a £30 million pre-money valuation and Aura issuing shares for 10% of the merged entity, led to a trading suspension on the London Stock Exchange's Main Market (ticker: ARA.L). The board terminated the transaction on 15 April 2025 after due diligence, citing it not in shareholders' best interests, incurring minimal costs, with trading resuming on 16 April 2025. As of mid-2025, the company reports no completed acquisitions, continues evaluating UK and overseas targets amid geopolitical and economic challenges, and considers broadening criteria beyond renewables to sectors with strong fundamentals, technology disruptors, AI enablement, and consolidation potential.