DRONE VOLT secures €50M minimum five-year Sol.One order
Sol.One committed to buy at least €10 million of propulsion systems and components from DRONE VOLT each year for five years for the Saboteur UAS.
Evidence notes
- The firm order has a minimum aggregate value of €50 million over five years.
- DRONE VOLT becomes exclusive supplier of the named propulsion systems and components and gains designated French commercialization rights.
- The companies also agreed reciprocal €2.5 million equity subscriptions, subject to implementation in the coming weeks.
Company context
Drone Volt manufactures professional drones and delivers inspection, survey, training and Drone-as-a-Service programmes.