Verified Events
DateTypeCompanyHeadlineSegment
Garuda Aerospace reportedly raises about $10 million ahead of planned IPO
- The Motherson family office and Dubai-based Aditum Investment Group are the named co-leads.
- Garuda is targeting an IPO in the first quarter of 2027 after a confidential April filing and regulatory observations received on August 5.
Draganfly agrees $10M strategic investment with Unusual Machines and U.S. asset manager
- Unusual Machines and the unnamed asset manager each committed $5 million to the transaction.
- Pricing is based on Draganfly's $5.35 closing share price on September 25, and the transaction remained subject to closing at announcement.
- Draganfly intends to use the proceeds to accelerate advanced strategic capabilities and provide working capital.
Sunflower Labs files $14.9M in sales toward a $20M equity offering
- The first sale occurred on September 10, and 26 investors had participated by the filing date.
- The filing lists $5,097,018 remaining to be sold and claims a Rule 506(b) exemption.
Elroy Air expands SPAC-linked PIPE commitments to $175 million
- Existing investors Lockheed Martin Ventures and Inflection Point participated in the expanded commitment.
- Elroy intends to use the capital to accelerate production of its autonomous Chaparral heavy-cargo aircraft.
- The proposed business combination remains subject to shareholder review and other closing conditions.
Matternet begins OTCQB trading under MTTN
- The trading milestone follows an oversubscribed private placement and the launch of UK NHS drone-delivery operations.
- Matternet said the quotation broadens public-market visibility as it prepares a next-generation drone-delivery platform and expands commercial operations.
- Matternet reported that its technology has enabled more than 60,000 commercial flights across U.S. and European urban and suburban environments.
ZenaTech selected as qualified supplier for Canada Defence Drone Initiative
- Qualification under the Defence Drone Initiative Marketplace does not constitute the award of a procurement contract, but positions ZenaTech to apply and compete for applicable future requirements issued through the marketplace.
- ZenaDrone's defence portfolio is anchored by the ZenaDrone 1000, a multifunction platform for surveillance, reconnaissance, logistics and cargo missions that is at the testing stage, with counter-UAS maritime interceptor drones and a launch and refuelling station in development.
- The platforms are being developed in parallel with ZenaTech's manufacturing facility expansion across Arizona, Dubai and Taiwan.
United Aircraft shortlisted for China Post drone procurement pool
- Beijing Zhonghangzhi is one of five candidate suppliers in the unmanned-helicopter lot.
- The second tender is identified as project 21-04-04A-2026-D-F-E21464C01.
- The notice's public objection period ran from 17 to 21 September 2026.
Terra Drone begins integrated civilian C-UAS development
- The planned architecture combines radar, RF and EO/IR detection with command-and-control and autonomous interceptor drones.
- The response layer is intended to combine electronic disruption with kinetic and non-kinetic countermeasures.
- Target environments include oil and gas, power, airports, ports, telecommunications, logistics facilities and data centres; this is a development programme, not a product launch.
JICN approves JPY300 million support for Prodrone
- JICN approved JPY300 million of support for Prodrone’s financing on August 30, 2026.
- Prodrone develops and manufactures industrial UAVs and control software, including the GT-M, PRODRONE RESCUE and PD6B-series aircraft.
- The company plans to strengthen mass production and sales, expand internationally and add personnel as it builds the business.
Nearthlab begins trading on KOSDAQ
- The listing moves Nearthlab from private-company funding into public-market coverage and does not count as a new private funding round.
- Nearthlab develops autonomous inspection drones alongside KAiDEN counter-UAS interceptors and XAiDEN collaborative defence systems.
- Shares closed at KRW 28,650 on debut, down 30.46% from the offer price; the trading outcome is recorded separately from the company’s operating milestones.
AIRO drone backlog reaches US$163 million as Q2 revenue rises 76%
- AIRO expects most of the disclosed drone backlog to convert over the next 12 months, and said the figure excludes additional US backlog.
- The group recorded US$1.7 million of operating profit, compared with a US$19.7 million operating loss in the prior-year quarter.
Duke Robotics reports second-quarter 2026 results
- Cost of revenue increased to US$91,000 from US$55,000, and gross profit declined to US$58,000 from US$88,000.
- General and administrative expense rose to US$954,000 from US$314,000, driven by share-based compensation, Nasdaq and offering fees, and higher personnel costs.
- Operating loss widened to US$928,000 from US$250,000; financing income of US$202,000 reduced the resulting net loss to US$726,000.
ZenaTech signs first paying ZenaWorx customer in AI data-centre construction
- The customer operates in the AI data-centre construction market, moving ZenaWorx beyond the prospective-customer stage disclosed in May.
- The beta terrain-modelling workflow is designed to support earthworks, grading and cut-and-fill measurement from drone-captured LiDAR data.
- ZenaWorx combines aerial data collection with 3D progress monitoring and analytics for large construction sites.
Volatus Aerospace reports C$8.42 million second-quarter revenue
- Equipment deliveries increased 38% quarter over quarter, while services revenue rose 59%.
- A defence-contract delivery worth about C$2.6 million moved beyond the quarter because of supply-chain disruption.
- Quarter-end cash was C$59.2 million.
Nearthlab fixes KOSDAQ IPO price at KRW41,200
- The final price is at the top of the previously indicated range.
- Public subscriptions are scheduled for 12–13 August through Samsung Securities.
- Refunds are scheduled for 18 August.
Draganfly reports record Q2 revenue of C$2.7m
- Product revenue increased 34.6% year over year to C$2.560 million.
- Cash and cash equivalents stood at C$131.9 million at quarter end.
- The quarterly net loss widened to C$12.0 million.
Drone Volt expands international Drone-as-a-Service operator network
- Services, training and Drone-as-a-Service represented 71% of first-half 2026 revenue and 94% of gross margin.
- The operating network spans multiple countries and supports recurring inspection and measurement missions without requiring customers to own aircraft.
- Drone Volt said 95% of reports were delivered within 48 hours; one recent month covered nearly 60,000 images and 2,067 stockpiles.
Exyn prepares autonomous aircraft-sustainment deployment at Warner Robins
- An MVP demonstration is planned for October 2026.
- Operational activities are scheduled for January 2027.
- Because both milestones are future plans, the event is not represented as a live deployment.
AVIC Chengdu UAS forecasts H1 profit growth on higher deliveries
- The forecast implies 63.66% to 82.54% year-on-year growth in net profit.
- The company attributed the improvement partly to higher delivered product volume and broader domestic and overseas market progress.
- The filing provides delivery-linked operating evidence for a major Chinese large-UAV manufacturer.
Nearthlab reports first quarterly operating profit as defence sales expand
- First-half revenue reached KRW 17.4 billion, with defence products accounting for 86% of sales.
- A June shipment of XAiDEN systems to the Middle East contributed about KRW 14.9 billion in first-half revenue.
- The KOSDAQ listing process and investor roadshows have begun.
TompAero opens EUR 1.5 million seed fundraising
- The company was seeking EUR 1.5 million rather than announcing completed financing.
- Its FSC-2 prototype was designed for autonomous medical and urgent-logistics missions in civil airspace.
- TompAero targeted up to 15 kilograms of payload over 200 electric kilometres or 600 kilometres with hydrogen-assisted range.
Exyn reports first-quarter 2026 financial results
- Revenue declined 2.3% from $1.22 million a year earlier, while gross profit rose 16% and gross margin improved to 42.2% from 35.6%.
- Operating expenses increased to $3.38 million and net loss widened from $2.58 million in the prior-year quarter.
- Cash was about $1.1 million at 31 March and about $7.4 million on 6 July after the IPO and repayment of specified obligations.
Elroy Air signs SPAC deal with Columbus Circle Capital Corp II
- The transaction is expected to list the combined company in the fourth quarter of 2026, subject to approvals and closing conditions.
- Elroy said proceeds would support commercial-scale production of Chaparral autonomous cargo drones with Kratos.
- The company cited a demand pipeline of more than 1,400 aircraft and an Abu Dhabi manufacturing joint venture.
Volatus selected to advance in U.S. Drone Dominance Program
- Volatus was selected to advance to the next phase of the U.S. Drone Dominance Program.
- The program is a U.S. defense innovation and rapid-acquisition initiative focused on evaluating operationally relevant UAS for battlefield environments.
- The selection gives Volatus a U.S. defense-market signal tied to scalable battlefield drone systems, but does not represent a signed procurement order.
Matternet completes reverse merger and announces approximately $33M placement
- The reverse merger with Los Altos Ventures Corp. legally closed on May 22, 2026; Matternet announced the transaction on May 28.
- The company initially described the oversubscribed placement as approximately $33 million; the later 10-Q recorded $28.7 million gross and $26.2 million net across two closings.
- New investors named in the announcement included Ed Eisler of EE Holdings and Mark Tompkins of Montrose Capital Partners; this public-company placement is excluded from venture Funding and Investors.
Exyn closes $19.4 million Nasdaq initial public offering
- Each $7.75 unit comprised one common share and one warrant, producing approximately $19.4 million in gross proceeds before fees and expenses.
- The common shares and warrants began trading on 15 May 2026; the offering closed on 18 May.
- Exyn allocated proceeds to growth and working capital, repayment of certain debt and general corporate purposes.
Duke Robotics prices $9.2M underwritten public offering and Nasdaq uplisting
- Duke Robotics priced an underwritten public offering of 1,125,000 units at $8.20 per unit.
- Each unit includes one common share and one warrant, with warrants exercisable at $8.60 for a five-year term.
- The company expected its common stock and warrants to begin trading on the Nasdaq Capital Market on May 15, 2026 under DUKR and DUKRW.
Volatus reports Q1 2026 results and highlights offshore wind and defense pipeline
- Volatus reported Q1 2026 financial results, including the highest Q1 gross margins in the company's history.
- The company highlighted its offshore wind heavy-lift drone contract, defense training activity, and Condor XL commercialization roadmap.
- Management described the merger integration and defense pipeline as part of the company's shift toward higher-value aerial intelligence and cargo programs.
Y Combinator lists Ornadyne as Spring 2026 robotics and drones company
- Y Combinator lists Ornadyne as a Spring 2026 company in drones, robotics, hard tech and aerospace.
- YC describes Ornadyne as building flapping-wing drones for reconnaissance that look, fly and sound like birds.
- The company identifies Geourg Kivijian as co-founder and CEO and Armen Arakelyan as co-founder and CTO.
DJI reports more than 600,000 agricultural drones in global use
- More than 600,000 trained agricultural-drone operators accompanied the installed base.
- Its support network comprised 3,500 service and repair centres worldwide.
- DJI linked the installed base to aerial spraying and other precision-farming workflows.
Skydio commits $3.5 billion to expand U.S. manufacturing, R&D, and domestic supply chain
- Skydio announced a plan to invest $3.5 billion in the United States over five years.
- The commitment includes expansion of domestic manufacturing, acceleration of R&D, and development of U.S.-based supply chains.
- The company plans to open a new manufacturing facility five times larger than its current footprint and launch the SkyForge program to scale domestic suppliers.
Ornadyne joins Y Combinator Spring 2026 batch
- Co-founder Geourg Kivijian announced that Ornadyne joined Y Combinator's Spring 2026 batch.
- The post described Ornadyne as building robot birds for reconnaissance.
- The company framed the problem around drone detectability and bird-like systems for defence, autonomy and early deployment environments.
Embraer reports record $7.58bn revenue for 2025
- Adjusted EBIT reached $656.8m, equivalent to an 8.7% adjusted margin.
- The company delivered 244 commercial and executive aircraft, 18% more than in 2024.
- Year-end backlog rose 20% to $31.6bn, while adjusted free cash flow excluding Eve reached $491.2m.
Matternet raises $6M secured bridge debt before reverse merger
- The six accredited investors received 10% notes due six months after issuance.
- At the merger, the notes converted into 2,499,998 common shares at $2.40 per share and the accrued interest was forgiven.
- The noteholders also received warrants for 2,499,998 shares at a $3.00 exercise price.
Skydrone Robotics reported to be finalising a €4 million financing
- The report described an active fundraising process, not a completed round.
- Skydrone was targeting defence logistics and electricity-line intervention markets.
- The company was developing aircraft capable of carrying payloads up to 150 kilograms in GPS-denied areas.
Rumble Tools announces €30 million low-altitude infrastructure programme
- Turku was named the first pilot area, with construction expected to begin there before the wider Finnish rollout.
- The planned infrastructure is intended for border and critical-infrastructure monitoring, logistics and municipal services.
- The Kakkonen family investment company and other private and institutional investors were identified as programme backers.
Volatus announces C$24.7 million financing package for defense drone expansion
- Volatus announced a non-brokered private placement alongside a bought-deal public offering, bringing expected gross proceeds to approximately C$24.7 million.
- The company said proceeds would support the Mirabel Manufacturing Hub, defense drone R&D, potential defense-sector acquisitions, capital expenditures, and working capital.
- The financing followed Volatus' shift toward defense UAS production and allied customer demand.
AgEagle eBee VISION receives Blue UAS clearance for U.S. government procurement
- AgEagle said its eBee VISION drone received Blue UAS certification, following certification of the eBee TAC.
- The designation enables direct procurement by the U.S. Department of Defense and other federal agencies.
- The clearance strengthens AgEagle's defense and government UAS channel beyond agricultural and commercial mapping.
Autel discontinues EVO Nano and EVO Lite consumer drones
- Autel announced EVO Nano and EVO Lite consumer drone series entered discontinuation.
- Production ended July 2025; service support ends July 2030.
- Autel focuses resources toward enterprise drones, marking consumer-to-enterprise repositioning.
Archer closes registered direct offering with $816.8M net proceeds
- The offering issued 85 million Class A shares at $10 per share, producing $850 million of gross proceeds before costs.
- Archer earmarked proceeds for general corporate purposes, commercial infrastructure and development of an AI-based aviation software platform.
- The issuer's approximately $2 billion pro forma liquidity figure combined existing cash, expected offering proceeds and remaining ATM capacity.
AIRO closes USD 69 million initial public offering
- The total included the underwriters' full exercise of an option for 900,000 additional shares.
- AIRO shares began trading on the Nasdaq Global Market under the ticker AIRO on 13 June 2025.
- The company planned to use net proceeds for segment growth, debt repayment and general corporate purposes.
Flapper Drones named as ICRA 2025 exhibitor
- The conference listed Flapper Drones at booth 931.
- The ICRA exhibit was scheduled for 20–22 May at the Georgia World Congress Center.
Toyota Ventures backs Paladin first-responder drone platform
- Toyota Ventures backed Paladin and its Drone as First Responder platform for public-safety teams.
- Paladin uses LTE-connected drones to respond to 911 calls and provide first responders with live situational awareness.
ZenaTech begins trading on Nasdaq
- The common shares trade under the Nasdaq symbol ZENA.
- The U.S. listing complemented ZenaTech's existing Frankfurt-market quotation.
Wired Italia profiles FloFleet’s autonomous solar-powered airship
- Wired Italia profiled FloFleet’s autonomous solar-powered airship, a roughly 12-by-10-metre platform with a stated potential flight time of up to 48 hours.
- The article reports that a smaller version was already in use and describes applications including groundwater and geological mapping, oil-and-gas exploration, volcanic monitoring, and rare-earth surveying.
- FloFleet’s autonomous guidance, solar-power design, and low-vibration flight are presented as ways to collect persistent measurements with less ecological disruption than conventional aircraft.
Future Flight Global plans purchase of up to 116 Archer Midnight aircraft
- Future Flight Global signed an MOU for the planned purchase of up to 116 Archer Midnight aircraft.
- The planned purchase was valued at up to $580 million.
- The agreement supported planned eVTOL operations in Southeast Asia, Europe, and the Middle East.
Archer unveils planned Los Angeles air taxi network
- The planned network included locations around LAX, USC, Orange County, Santa Monica, Burbank, Long Beach, and Van Nuys.
- Archer coordinated with the Los Angeles Rams and Hollywood Park on potential vertiport access.
AALTO announces conditional investment of up to $100 million
- The consortium also included Mizuho Bank and the Development Bank of Japan.
- The investment was intended to support Zephyr industrialisation and HAPS commercialisation in Japan and Asia.
- Airbus Defence and Space was to remain AALTO's majority shareholder; the release did not establish a completed $100 million cash close.
ACSL begins full-scale SOTEN sales in the United States
- ACSL said it began full-scale U.S. sales of SOTEN in January 2024 through its U.S. subsidiary.
- The market push is framed around secure, versatile, non-Chinese drone demand in North America.
- Treat this as a market-entry signal unless a direct January 2024 launch announcement is separately available.
Dhaksha secures Indian Army and IFFCO drone orders
- The Indian Army order covered 200 medium-altitude logistics drones plus accessories.
- IFFCO separately ordered 400 agricultural spraying drones for delivery over the following 12 months.
- The combined order book for the year exceeded ₹165 crore when the contracts were announced.
Drone Destination lists on NSE Emerge
- The company offered 6.8 million shares at INR 65 each, representing an aggregate issue size of INR 442 million.
- Drone Destination began trading on NSE Emerge on July 21, 2023 after converting from a private to a public limited company in May.
- The listing gave public-market access to an operator spanning drone training, services, repair, rental and multiple unmanned-system categories.
ideaForge lists after Indian drone IPO
- The drone maker listed on July 7, 2023.
- The listing gave ideaForge public-market status as a vertically integrated UAS manufacturer.
Bristow signs Chaparral purchase letter of intent
- The LOI was expected to be replaced by a separate purchase agreement.
- Bristow planned to combine its vertical-flight and UAS operating experience with Chaparral.
- Elroy Air reported agreements covering 900 aircraft across commercial, defence and humanitarian customers at the time.
Autonomous Flight announces Y6S Plus order-book opening
- Autonomous Flight opened the order book for its six-seat battery-electric Y6S Plus concept.
- The aircraft was presented with a 125 mph target speed and an 80-mile target range.
- The company targeted initial assembly in 2023 and customer deliveries from 2024.
Skydio enters Japan enterprise market through DOCOMO drone management solution
- NTT DOCOMO selected Skydio as the drone provider for its docomo sky drone management solution.
- The announcement supported Skydio's entry into Japan's enterprise drone market.
- NTT DOCOMO had previously invested in Skydio through the company's Series C round.
EHang begins Nasdaq trading after autonomous aerial vehicle IPO
- The IPO priced at USD 12.50 per ADS.
- The listing gave EHang public-market status before later EH216-S certification milestones.
DJI reports commercial drone exemptions dominated by DJI aircraft
- DJI cited more than 700 Section 333 exemptions issued to commercial drone operators.
- The company said 71 percent of the listed exemptions were for companies using DJI products.
- The report gave DJI an early public adoption signal in U.S. commercial drone operations.