UK national wealth fund invests £113m in Ukrainian-founded drone maker UForce
Briefing by News4U · First published
The Guardian reported that UForce, a London-based naval drone maker founded by Ukrainians, reached a £4.5bn valuation after raising more than £500m, including £113m from the UK’s national wealth fund. The company’s drones have been used extensively in the war in Ukraine. The UK defence secretary, Wes Streeting, met UForce founder Oleg Rogynskyy on Thursday onboard the British aircraft carrier HMS Prince of Wales during a defence conference in Oslo, Norway. Streeting piloted a UForce MV7 uncrewed vessel located more than 1,500 miles away in the Atlantic Ocean near Portugal. [1]
Sources
- UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m
The Guardian · · Full text