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Lendurai raises €5.6M Seed, for autonomous UAV systems in GPS-denied environments

Quick Facts🗂️ Company: Lendurai Website: https://lendurai.com LinkedIn: https://www.linkedin.com/company/lendurai/ Location: Tallinn, Estonia Funding Round: Seed Amount Raised: €5.6M Lead Investor(s): Expeditions Fund Other Investors: Vsquared, HCVC, Lemonade Stand All Investors: Expeditions Fund, HCVC, Lemonade Stand, Vsquared Total Funding to Date: €5.6M Founded: 2024 Sector: Defense Technology, Autonomous UAV Systems Company...

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Exotrail raises €54m Series B, to become a global reference in “space logistics”

France-based, Exotrail was spun out of Polytechique & SATT Paris-Saclay in 2015, by founders Jean-Luc Maria (CEO) (prev. CTO), David Henri (CPO) (prev. CEO), Nicolas Heitz (COO), & Paul Lascombes (Chief Scientist). By 2017, the firm started manufacturing miniaturized electric propulsion systems for nano, micro & small satellites. Today, it is a global reference in “space logistics”, through its mobilityhub™ across 4 products: spaceware™: “whether you’re looking to deploy a constellation, change the altitude or inclinitation, or perform orbit phasing” Exotrail has developed a family of electric propulsion systems for satellites ranging from 5kg to 1ton. Exotrail managed to miniaturize the Hall-effect thruster multiplying thrust 5-6x (vs other electric propulsion systems) – a key tech advantage....

Onto raises €113m credit facility, for vehicle subscription service

UK-based Onto is a vehicle subscription service, working to accelerate EV adoption by making access to electric vehicles easy, flexible & affordable. Through its all-inclusive packages, Onto eliminates the hassle of long-term contracts & large upfront deposit payments, as well as the seemingly endless paperwork usually associated with traditional leasing programs. Onto’s subscriptions run monthly. One can then choose to continue the subscription, cancel, or swap to a different model. Onto’s subscriptions include insurance, road tax, public charging, breakdown cover, servicing & free public charging. The monthly subscription comes with 750 miles. One can then pay extra to enjoy driving many more miles by purchasing a mileage package. These packages can give you 250, 500,...

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