MNP Technologijos, which trades as Monopulse, has brought in over €2 million in fresh capital from a consortium of Lithuanian and international backers. The round included participation from Coinvest Capital, Plug and Play, and NGL Ventures, whose angel syndicate alone mobilized €560,000 from 68 investors—marking the largest deployment by that particular syndicate to date.
The company, established in 2021 as a joint Danish-Lithuanian venture, specializes in building reconnaissance unmanned aerial vehicles engineered to withstand electronic warfare conditions. Its core technical approach combines aerospace design, electronics, sensor fusion, computer vision, and artificial intelligence to create systems that can sustain operations or maintain autonomous control when communication and navigation signals face jamming or disruption.
Monopulse's portfolio encompasses the Falcon MK3S drone platform, available in multiple configurations for intelligence, surveillance, reconnaissance, and specialized missions, as well as the Hydrohex water-based surveillance system. The organization currently operates with 14 staff members drawn from engineering, research, and military backgrounds, with all core hardware and software development handled internally.
The Lithuanian military and Danish armed forces have already deployed Monopulse technology operationally. The company is now pursuing expansion across additional NATO member nations.
Justas Poderys, PhD, founder and chief executive, outlined the strategic rationale: "We operate in a dynamic defence technology sector where technologies are evolving rapidly and customers demand secure manufacturing and resilient supply chains. This investment will enable us to scale our production capacity while ensuring that our customers receive our products quickly and on schedule."
The capital injection will fund three primary objectives: ramping up manufacturing output, intensifying research and development efforts, and accelerating market entry into Scandinavian and other international territories aligned with NATO.
Source: Tech.eu
