Arctic RAVN secures €2.5m in convertible loan commitments
The Finnish drone electronics company will use the financing to scale production and develop its next components.
Commitments for a manufacturing ramp-up
Arctic RAVN has secured €2.5 million in convertible loan commitments after launching the round in October. The company said commitments exceeded its €2 million target within five days.
The financing will support production expansion and product development. The company plans to manufacture tens of thousands of electronic speed controllers by the end of 2026, before its next production phase focuses on flight controllers.
A European drone supply chain
Arctic RAVN designs and manufactures drone electronics in Finland using components sourced from Europe and NATO-allied countries. Its planned product range also includes motors and a modular frame system.
The Finnish Defence House studio company is expanding capacity to meet demand from defence customers. Its longer-term goal is production capacity of up to two million circuit boards a year.
Use of funds
Scale electronic speed controller production
Develop flight controllers