Finnish defence technology company Arctic RAVN has secured €2.5 million in convertible loan commitments, exceeding its €2 million target in five days. The company manufactures electronic speed controllers (ESCs) and is developing flight controllers (FCs) for unmanned systems, with products designed and manufactured in Finland using components sourced from Europe and NATO-allied countries. The financing will support increased production capacity and product development as Arctic RAVN aims to manufacture tens of thousands of ESC units by the end of 2026 and scale its annual output to as many as two million circuit boards over the longer term. The company did not disclose the investors participating in the convertible loan round. Arctic...
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