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955 Lithuanian startup secures €825K for tactical aircraft development

ArcticStartup
Nurcin Metingil @ ArcticStartup 2 place · 09/16/2024 04:21 EDT

Lithuanian startup secures €825K for tactical aircraft development

Lithuanian aerospace startup Airvolve has raised €825,000 in early-stage funding from Coinvest Capital, Baltic Sandbox Ventures, and several business angels. With €510,000 coming from Coinvest Capital, the funds will be used to develop a tactical transport aircraft designed for defense and commercial missions, including autonomous cargo delivery and casualty evacuation. The aircraft features a horizontal-axis […]

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