Volatus Aerospace Secures Major Funding for Defense Sector Push

Canada’s drone technology specialist Volatus Aerospace has successfully completed a substantial capital raise, positioning the company for a strategic expansion into defense markets. The company bolstered its treasury with $26,391,500 through a combination of public offerings and private placements, signaling strong institutional confidence in its new direction.

Management has outlined clear objectives for deploying the newly acquired capital, with a sharp focus on vertical integration and defense sector capabilities. The funding will drive three primary initiatives:

• Manufacturing Expansion: Establishing the “Mirabel Manufacturing Hub” for proprietary unmanned aerial system production.
• Defense R&D: Significant investment in military drone technology research and development.
• Strategic Read more...