Lithuanian-Danish drone manufacturer Monopulse, operated by MNP Technologijos, has raised over €2 million to enhance its production capabilities and advance its research and development efforts. The funding, led by the Lithuanian early-stage venture capital fund CoInvest Capital, alongside NGL Ventures and several business angels, will facilitate Monopulse's expansion into Scandinavian markets and significant European territories such as Germany, France, and the Netherlands.
Monopulse specializes in unmanned aerial vehicles (UAVs) for surveillance and reconnaissance, showcasing its Falcon MK3S drones that are already in use by several NATO member states. The newly raised capital will primarily help the company increase its manufacturing capacity, shorten delivery times, and meet the growing demand for unmanned systems, particularly in defence technology where secure supply chains are paramount. Following a robust year tripling its revenue, Monopulse is positioning itself strongly within the defence sector.