The company manufactures axial flux induction electric motors using raw materials such as copper, steel, and aluminum. Its motor designs use approximately 50-60% less copper and have lower manufacturing costs compared to other designs. The company operates from an 18,000 square foot facility in Lake Forest, California, under a lease agreement effective from February 2021 through August 31, 2026, with a monthly base rent of $24,239 and a 3% annual escalation. In 2026, the company extended the lease for an additional two years while seeking a larger facility outside California. As operations expand, the company expects to renew relationships with suppliers and contractors.
Aura Systems Inc's Comment on Supply Chain
The company manufactures axial flux induction electric motors using raw materials such as copper, steel, and aluminum. Its motor designs use approximately 50-60% less copper and have lower manufacturing costs compared to other designs. The company operates from an 18,000 square foot facility in Lake Forest, California, under a lease agreement effective from February 2021 through August 31, 2026, with a monthly base rent of $24,239 and a 3% annual escalation. In 2026, the company extended the lease for an additional two years while seeking a larger facility outside California. As operations expand, the company expects to renew relationships with suppliers and contractors.
Sources:
Aura Systems Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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