Destinus, a European aerospace and defence company, has secured a €50 million financing facility from Commerzbank.
The transaction marks the company’s first commercial bank facility and supports its next phase of industrial expansion across Europe.
The Commerzbank facility follows €140 million raised through recently completed convertible instruments and shareholder loans. Combined with more than €200 million in previously raised equity, the aerospace and defence company has now secured close to €400 million in total funding to date.
Scaling autonomous defence manufacturing in Europe
Headquartered in the Netherlands, Destinus is strengthening its role within the Dutch and wider European defence industrial base. The company employs around 750 engineers and specialists across Europe and applies AI-driven engineering, vertical integration, and large-scale manufacturing to design and produce autonomous systems and effectors at industrial scale.
The new capital will be used to expand production lines, integration facilities, and testing infrastructure. This will enable the company to deliver scalable, cost-efficient autonomous systems aimed at improving European defence readiness and reinforcing sovereign industrial capabilities across allied nations.
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Institutional confidence in long-term defence capabilities
Commerzbank’s participation reflects growing institutional confidence in Destinus’ ability to deliver defence systems at meaningful volumes and contribute to Europe’s long-term industrial resilience. Rothschild & Co and CLEAR acted as financial advisors to Destinus on the financing transactions.
“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,” said Mikhail Kokorich, Founder and CEO of Destinus. “It reinforces our production roadmap and accelerates the industrialisation of our platforms for European and allied customers.”
Continued expansion of European operations
Following strategic steps earlier this year to deepen its presence in the Netherlands and expand its unmanned aerial vehicle capabilities, the firm continues to scale its European operations in line with its mission to develop autonomous flight systems at industrial scale.
The latest financing supports faster execution across production, integration, and testing, positioning the company to contribute to a more resilient European defence and security landscape.
About Destinus
Founded in 2021, Destinus is a European developer of autonomous flight systems for defence applications. The company specialises in unmanned aircraft, advanced turbojet propulsion, flight software, and reliable AI, enabling operations from subsonic to supersonic speeds and, in the future, hypersonic flight through fully integrated, industrial-scale capabilities.
