Destinus, a European aerospace and defense company headquartered in the Netherlands, has secured a €50 million commercial bank financing facility from Commerzbank, marking the company’s first commercial bank facility and backing its next phase of industrial expansion across Europe.
The facility complements €140 million in recently completed convertible instruments and shareholder loans, following earlier equity financings. Combined with more than €200 million in previously raised equity, Destinus said the new financing brings its total capital raised to nearly €400 million to date.
Destinus, which employs about 750 engineers and specialists across Europe, said it designs and manufactures autonomous systems and effectors at an industrial scale, leveraging AI-driven engineering, vertical integration, and large-scale production. The company plans to use the new capital to accelerate the expansion of production lines, integration facilities, and testing infrastructure, to supply scalable, cost-efficient autonomous systems for European and allied customers.
Rothschild & Co and Clear Corporate Finance acted as financial advisors to Destinus across the financing transactions.
KEY QUOTE:
“Securing this facility is an important milestone for Destinus and a strong signal of confidence in Europe’s ability to build high-performance autonomous flight systems at scale. It reinforces our production roadmap and accelerates the industrialization of our platforms for European and allied customers.”
Mikhail Kokorich, Founder And CEO, Destinus
