Source of capital for the drone projects and companies reported, often categorizing European Union (EU) grants, defense-sector investments, venture capital or research.
funding
The European Commission has initiated a series of grant agreements under the European Defence Fund, awarding funding to 62 collaborative R&D projects aimed at enhancing Defence Readiness by 2030. This initiative underscores the EU's commitment to strengthening its defense capabilities.
EU - European Union
A new industry roundtable aims to foster strategic cooperation between the EU Commission and the defense sector, focusing on advancing drone capabilities. This initiative underscores the importance of collaboration in enhancing Europe's defense technology landscape.
Local Players
French startup Rift has successfully raised €4.6 million to develop a real-time drone surveillance network aimed at enhancing border security and monitoring critical infrastructure across Europe. The funding round was led by AlleyCorp, with additional support from OVNI Capital.
Local Players
Quantum Systems, Europe's leading dual-use UAV company, has successfully raised €180 million in an extension of its Series C funding round. This investment not only triples the company's valuation but also highlights the competitive landscape in which US and European firms are striving to develop ad
EU - European Union
The European Parliament and Council are nearing an agreement to broaden the Horizon Europe program to include funding for dual-use projects, which can serve both civilian and military purposes.