- CEO
- Cipora Kurtzman Lavut
- Full Time Employees
- 11
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- 20431 North Sea Circle Lake Forest CA United States of America 92630
- IPO Date
- Jan 8, 2021
- Business
- Aura Systems, Inc. (AUSI) develops, manufactures, and sells patented axial flux induction machines serving as high-performance electric motors and generators for mobile power generation in industrial, commercial, recreational, and military applications. Core products include the AuraGen line of electromagnetic generators for commercial and industrial uses, delivering up to 8,500 watts of alternating current (AC) and direct current (DC) power without brushes or permanent magnets via vehicle engine integration; the VIPER system tailored for military operations; and vibration damping solutions deployed across more than 20 countries. Founded in 1987 and headquartered in Lake Forest, California, the company targets defense contractors, Fortune 500 firms, and global militaries with environmentally conscious technologies emphasizing reliability and resource conservation. Recent developments encompass relocation to a new standalone facility in Lake Forest for expanded engineering and staffing capacity, appointment of Steven Willett as Chief Financial Officer in 2022, issuance of over 10 million common stock shares raising approximately $2.6 million in cash through late 2024 to bolster operations, and a strategic shift toward a new product line amid zero net revenue in recent quarters while pursuing sales growth for AuraGen and VIPER platforms.