Ukrainian-American investment group MITS Capital announced a new defense technology company, named MITS Industries, that will unite major Ukrainian drone-warfare components producers to boost effectiveness and revenues.
MITS Industries was established in Denmark to become a platform investment for the Ukrainian defense tech market and strengthen European security, MITS Capital wrote in a press release sent to Kyiv Post.
MITS Industries will operate a “drone-as-a-service” model, enabling scaled production of advanced drone and counter-drone solutions to neutralize threats across air, land, and maritime domains.
On the company’s website, it says it will offer “best-in-class combat-proven innovative solutions.”
Headquartered in Copenhagen and Kyiv, MITS Industries unites leading defense tech companies in five key segments: unmanned ground vehicles (UGV), counter-drone solutions, unmanned aerial vehicles (UAV), unmanned surface/underwater vehicles (USV/UUV), and signals intelligence & electronic warfare systems (SIGINT& EW).
“MITS Capital is excited to be working with leading Ukrainian defense tech companies and our Danish partners to create something special, a platform for the first Danish-Ukrainian defense prime,” the press release quoted Perry Boyle, CEO & Founding Partner at MITS Capital and Chairman of MITS Industries.
The merged company will employ more than 1,000 employees from the leading Ukrainian companies in their areas. However, the transaction remains subject to definitive agreements, the press release says.
MITS Industries’ expected revenue in 2026 should exceed Hr.8,245,532,160 ($200 million), as per the press release.
The new company will include companies both within the MITS Capital portfolio and outside the portfolio:
- one of the world’s leading unmanned ground robot makers, Tencore
- a major Ukrainian signals intelligence (SIGINT) manufacturer with over 20 years of expertise, Infozahyst
- one of Ukraine’s largest electronic warfare (EW) systems manufacturers, Unwave
- and an undisclosed air drone manufacturer.
In terms of relations between the companies, MITS Capital will act as coordinator, catalyst, and investor.
“This is just the beginning. MITS Industries will generate significant capacity scaling and revenue opportunities and will be a platform for additional mergers and tuck-in acquisitions. In just a few years, we intend for MITS Industries to join the ranks of European defense primes,“ said Denys Gurak, CIO & Founding Partner at MITS Capital.
This structure is also intended to enhance the company’s export potential and increase access to institutional capital.
According to the Ukrainian government’s estimates, domestic defense industry production capacity will exceed Hr.1,443,022,700,000 ($35 billion) in 2025. Current private production now exceeds domestic demand, with substantial surplus capacity and accelerating export readiness.
Founded in 2024, MITS Capital LLC is a Kyiv and New York-based investment group focused on Ukrainian defense innovations.
In addition to MITS Industries, its publicly disclosed activities include the MITS Accelerator (in partnership with American University Kyiv), MITS Lightning Fund, and an investment advisory unit, with a mission to bring global capital into Ukraine’s defense industrial base.
According to the latest Ernst & Young report, MITS Lightning Fund is currently one of the largest international investors in Ukraine’s DefenseTech ecosystem.
Kyiv Post previously covered MITS Capital’s investment of Hr.154,191,451 ($3.74 million) in TerMIT ground drone manufacturer Tencore, which became the 11th company to join the investment group’s portfolio.
Ukrainian DefenseTech company Teletactica also secured investment from MITS Capital alongside Green Flag Ventures to help it scale next-generation tactical communications for frontline deployment and European expansion.