Arctic RAVN’s convertible loan round exceeded its €2 million target in less than a week. The financing will support production ramp-up and product development as the company prepares to meet rising demand for European drone components.
Arctic RAVN launched its convertible loan round in October, and received €2.5 million in investment commitments in five days.
The company has invested more than a million euros in scaling up production of its electronic speed controllers (ESCs). Arctic RAVN aims to manufacture tens of thousands units by the end of 2026, with a significant share already reserved by customers. The next production ramp-up will focus on flight controllers (FC). In the longer term, Arctic RAVN plans to increase its annual production capacity up to two million circuit boards a year.
Arctic RAVN’s customers include several well-known European defence industry players. All of the products are designed and manufactured in Finland, using components sourced entirely from Europe and NATO-allied countries.
Arctic RAVN is one of Finnish Defence House’s studio companies. Finnish Defence House is a defence technology venture studio that identifies, funds and builds companies, and supports their development.