Mentioned:
One of the most promising drone companies in Ukraine has just landed a new investor: Ondas Holdings.
What’s happening:
- Ondas Holdings (NASDAQ: ONDS) is investing $11M USD into Ukraine based drone company Drone Fight Group
Why it matters:
- Ondas Holdings is aiming to collaborate with Drone Fight Group on bringing their drone manufacturing into the United States that is fully compliant with the National Defense Authorization Act for the first time ever
Going deeper:
- Drone Fight Group produces drones that are purpose built for combat and are capable of conducting first person view strike missions and surveillance
- Ondas Holdings has also publicly stated they plan to showcase Drone Fight Group’s drones at a live demonstration in Silicon Valley as part of accelerating the adoption of Drone Fight Group in the United States
The intrigue:
- Ondas Holdings also just recently made major waves on Wall Street when they entered into a new deal to purchase tactical unmanned ground vehicle company Roboteam for $80M USD
The fine print:
- Ondas Holdings’ strategic investment in Drone Fight Group will ultimately require regulatory approval before it can officially close
