Buntar Aerospace raises $16m to expand manufacturing
Freedom Fund and an unnamed international investor lead the Ukrainian company’s latest financing.
Buntar Aerospace has closed a $16 million funding round led by Freedom Fund and an undisclosed international private-equity investor. Gardar, Iron Wolf Capital and Autonomy Capital also participated. The investment brings its total funding to $30 million.
The Ukrainian developer of reconnaissance drones and related software will expand manufacturing, product development and its engineering and operations teams. It also plans international growth and further dual-use products, building on its Buntar-3 aircraft and Buntar Copilot software.
Use of funds
Expand manufacturing and product development
Hire engineering and operations teams
Develop dual-use products and international markets