Vyriy Bets Big on Ukraine’s Defense Tech, Targeting $4M in Q4 Acquisitions
Ukrainian UAV manufacturer Vyriy plans to invest more than $4 million in other defense tech companies in the fourth quarter of 2025. The investment will cover not only share purchases — sometimes 100% acquisitions — but also funding for further development, founder Oleksii Babenko told Forbes Ukraine.
«The goal is to reach about $1.5 million in investments per month,» Babenko said.
- In the first half of 2025, Vyriy acquired five companies:
- Cyber Droid, a Lviv-based manufacturer of logistics and evacuation ground robotic systems. Vyriy plans to invest up to $500,000 to launch production and bring the product to codification.
- 51% stakes in three UAV development companies, including the developer of the Blyskavka drone (an adapted version of Russia’s Molniya strike UAV), the Veresen FPV drone carrier, and the Sokil light reconnaissance drone.
- 51% in drone manufacturer RNK Solutions, according to YouControl. Vyriy also acquired the same share in Synevir, a company producing electronic components.
- According to Babenko, Vyriy usually acquires either 50% or 100% of a company. Currently, the company is interested in acquiring a guidance systems developer.
- Vyriy is among the top three UAV manufacturers in Ukraine, producing thousands of FPV drones each month. The company’s revenue in 2024 is around UAH 1 billion, and it expects to triple in 2025.
Why it Matters
The Ukrainian defense sector is consolidating. Hundreds of small manufacturers, often constrained by scarce venture capital and limited government contracts, now face a choice: either remain small or join forces with a larger defense company that can provide both capital and expertise.
For acquiring companies like Vyriy, the strategy offers diversification, a broader product line, and a stronger competitive edge.
«We invest in products that are essential for winning the war,» Babenko said.
Vyriy isn’t alone in this approach. Another major FPV manufacturer, General Cherry, is also shopping for acquisitions. «We are working with several banks to obtain a loan, and the money will go towards R&D and the purchase of Ukrainian companies,» founder Yaroslav Gryshyn told Forbes earlier.
Vyriy Bets Big on Ukraine’s Defense Tech, Targeting $4M in Q4 Acquisitions
Ukrainian UAV manufacturer Vyriy plans to invest more than $4 million in other defense tech companies in the fourth quarter of 2025. The investment will cover not only share purchases — sometimes 100% acquisitions — but also funding for further development, founder Oleksii Babenko told Forbes Ukraine.
«The goal is to reach about $1.5 million in investments per month,» Babenko said.
- In the first half of 2025, Vyriy acquired five companies:
- Cyber Droid, a Lviv-based manufacturer of logistics and evacuation ground robotic systems. Vyriy plans to invest up to $500,000 to launch production and bring the product to codification.
- 51% stakes in three UAV development companies, including the developer of the Blyskavka drone (an adapted version of Russia’s Molniya strike UAV), the Veresen FPV drone carrier, and the Sokil light reconnaissance drone.
- 51% in drone manufacturer RNK Solutions, according to YouControl. Vyriy also acquired the same share in Synevir, a company producing electronic components.
- According to Babenko, Vyriy usually acquires either 50% or 100% of a company. Currently, the company is interested in acquiring a guidance systems developer.
- Vyriy is among the top three UAV manufacturers in Ukraine, producing thousands of FPV drones each month. The company’s revenue in 2024 is around UAH 1 billion, and it expects to triple in 2025.
Why it Matters
The Ukrainian defense sector is consolidating. Hundreds of small manufacturers, often constrained by scarce venture capital and limited government contracts, now face a choice: either remain small or join forces with a larger defense company that can provide both capital and expertise.
For acquiring companies like Vyriy, the strategy offers diversification, a broader product line, and a stronger competitive edge.
«We invest in products that are essential for winning the war,» Babenko said.
Vyriy isn’t alone in this approach. Another major FPV manufacturer, General Cherry, is also shopping for acquisitions. «We are working with several banks to obtain a loan, and the money will go towards R&D and the purchase of Ukrainian companies,» founder Yaroslav Gryshyn told Forbes earlier.
