A European drone specialist whose unmanned systems are being used in Ukraine is seeking to tap investor interest in cutting-edge defense technology with a €50mn fundraising this year.
Tekever, which is based in Portugal but also has operations in the UK, is among a clutch of drone manufacturers that have gained prominence because of the war in Ukraine. The company earlier this month secured funding through the UK-led International Fund for Ukraine to deploy its AR3 surveillance drones to Kyiv.
The AR3 is a small, long-endurance drone designed to provide wide-area surveillance for land and maritime missions. With a maximum take-off weight of 25kg it can fly at cruise speeds of 75-90km per hour for up to 16 hours and can carry a number of sensors, including cameras and radars. It can take off with a catapult and land with a parachute, or take off and land vertically.
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