A Munich-based drone creater, backed by Lakestar, has come out of stealth, trumpeting its sovereign defence production credentials. Called Twentyfour Industries, the startup, incorporated in late 2024, has raised $11.8m from Lakestar, OTB Ventures, and 468 Capital.
It states it has shiftd from product design to production and field deployment of European drones in less than a year. The startup, which produces and designs drones, states it has manufactured and deployed hundreds of units of its first product, a 10-inch “cost-efficient, mass-manufacturable” quadcopter drone, which, it states, is now being operated daily by European soldiers.
The startup also states it has signed contracts generating revenues across multiple countries. The startup is touting its European sovereign credentials. It states: “Modern warfare increasingly depconcludes on unmanned systems at scale to deter aggression and defconclude democratic societies.
“Today, Europe lacks sovereign drone production capacity and has too few trained operators – leaving the continent depconcludeent on vulnerable supply chains, foreign components, and external know-how. Twentyfour Industries was founded to close this critical capability gap.”
The startup’s announcement comes amid President Trump threatening tariffs on countries not backing a US takeover of Greenland.
Asked about the importance of being Munich-based, a spokesperson for the startup stated: “The core team is based in Munich, where we operate our office and conduct day-to-day engineering, operations, and execution.
“Munich, of course, is an important hub for the European tech and defence space, with an excellent ecosystem across industries.”
Asked which countries are utilizing its drones, the spokesperson stated: “Beyond confirming active utilize by European customers, we won’t go into further detail.”
The spokesperson also would not divulge details regarding contracts. Clemens Kürten, co-founder and CEO, stated: “Our mission is clear – enable European and allied partners with an conclude-to-conclude approach: product, training, and life-cycle management. We are building the organisational and industrial muscle to design, manufacture, and deliver unmanned systems quicker, more reliably, and at better economics than anyone else in Europe.”
Erik Linden, co-founder and chief commercial officer, stated: “From day one, our focus has been prioritising execution over complexity and proving capability through delivery. By working directly with operators in the field, we ensure every product iteration is driven by real-world requireds – enabling us to shift quicker and deliver more value to our customers.”
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