Investments

MITS Industries is projected to exceed $200M in revenue by 2026

The round was led by the Broadband Capital Investments. Other participants included Radius Capital, Green Flag Ventures, D3, and Network VC

Two major partnerships already announced under the programme, with several more under consideration.

The startup has developed a kamikaze drone that can also be used to scan the seabed, detect enemy mines, and assist navigation

ETER system is 30–50 times cheaper than similar NATO solutions and is already being used on the front line

Currently, about 700 people have registered on the “whitelist”.

The team received a grant from Brave1 and plans to raise $500,000 in a pre-seed round

In addition to the factory, the company will also establish a testing and pilot training facility