Aeromotors, a Ukrainian drone motor maker, has raised $550,000 from Swedish investment firm Front Ventures, the firm’s CEO Jonas Malmgren told Defender Media.
Malmgren said Aeromotors attracted Front Ventures due to growing demand for non-Chinese drone components and the company’s ability to produce all key parts in-house while customizing motors for specific customer needs.
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“Our investment will be used to purchase new equipment and scale production to three times current volumes,” Malmgren told Defender Media. “We will also help launch production lines in Europe.”
Aeromotors CEO Andriy Tyndyk said the company’s current manufacturing capacity is about 10,000 electric motors per month, which includes in-house metalworking.
“We are now moving toward 60,000 motors per month,” Tyndyk told Defender Media.
Front Ventures has also committed to supporting Aeromotors in securing buyers for the expanded output.
According to Malmgren, the firm has helped the startup initiate talks with two potential Ukrainian clients – a manufacturer of interceptor drones and a producer of tactical first-person view (FPV) drones.
“Just recently, we also helped them establish contact with a Swedish manufacturer, so now there are three,” Malmgren said.
Front Ventures is a publicly listed Swedish company that began investing in defense projects in the summer of 2025, focusing on Swedish and Ukrainian ventures requiring capital investment, production scaling, and access to new markets, Defender Media wrote.
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Aeromotors is the second Ukrainian project in Front Ventures’ portfolio. In the fall of 2025, the firm invested 60,000 Swedish kronor ($6,500) in Skyhunter, a startup that automates combat drone targeting using real-time radar data.
Another Swedish firm, Hede Capital, joined the round as a co-investor.
Front Ventures acquired a 1.1% stake in Skyhunter, valuing the startup at $4 million.
Front Ventures plans to participate in future funding rounds for Aeromotors. Overall, the firm expects to invest $2-4 million in defense startups in 2026, with particular interest in unmanned robotic systems, drone components, software, payload manufacturing, and specialized drones.