Destinus Secures €50 Million Bank Facility to Accelerate Industrial Expansion Across Europe

European aerospace and defence technology company Destinus has secured a €50 million commercial bank financing facility from Commerzbank, marking its first commercial bank facility and a key step in the company’s industrial growth strategy. The funding is aimed at supporting the next phase of production expansion and infrastructure development across Europe.

The facility complements €140 million raised recently through convertible instruments and shareholder loans. Combined with more than €200 million in previously raised equity, the latest financing brings Destinus’ total capital raised to nearly €400 million to date, highlighting growing institutional and investor confidence in the company.

Company Profile and Industrial Strategy

Headquartered in the Netherlands, Destinus employs around 750 engineers and specialists across multiple European countries. The company focuses on advanced autonomous flight and aerospace systems, combining AI-driven engineering, vertical integration, and large-scale industrial production.

This industrial model is designed to shorten development cycles, enable rapid scaling, and support serial manufacturing. Destinus positions itself as a contributor to Europe’s defence technology ecosystem, as governments increasingly prioritise technological sovereignty and domestic industrial capacity.

Use of Proceeds and Strategic Objectives

The newly secured capital will be used to expand production lines, system integration facilities, and testing infrastructure across Europe. Destinus said the investments will support the delivery of scalable and cost-efficient autonomous systems, while reinforcing European defence readiness and strengthening sovereign industrial capacity across allied nations.

The company added that the expansion will enable higher production volumes and improve its ability to meet growing demand from European and allied defence customers.

Management Commentary and Institutional Confidence

Mikhail Kokorich, founder and chief executive of Destinus, described the financing as a significant milestone. “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,” he said.

Kokorich added that the funding reinforces the company’s production roadmap and accelerates the industrialisation of its platforms for European and allied customers.

Commerzbank’s participation reflects rising institutional confidence in Destinus’ ability to deliver defence capabilities at meaningful industrial volumes. The transaction also highlights a broader trend of European financial institutions increasing support for domestic aerospace and defence manufacturing to enhance long-term industrial resilience.

Advisers and Outlook

The financing transactions were advised by Rothschild & Co and CLEAR, which supported Destinus across the various funding instruments.

With nearly €400 million raised to date, Destinus enters its next growth phase with a strengthened balance sheet and expanded access to institutional capital. The company said the latest funding provides a stable foundation for scaling production and delivering autonomous systems at industrial scale to European and allied defence customers.