Lithuanian defense tech startup Luna Robotics secures €1M investment to scale tactical FPV drone cameras

Luna Robotics, a Lithuanian defense technology startup, which develops tactical FPV drone cameras, has raised a €1 million investment. The round was backed by Coinvest Capital, Plug & Play, and business angels from LatBAN in Latvia and NGL in Lithuania. Justinas Pasys, founder of NGL Ventures, shared the news on his Linkedin page.

About Luna Robotics

• Luna Robotics is a Lithuanian defense startup specializing in advanced imaging systems for FPV drones used in combat zones. Their core product, LunaCam, is a lightweight, software-enhanced night vision camera designed for low-visibility environments. 

• Tested in Ukraine, LunaCam provides real-time, low-latency video with enhanced imagery, ensuring drone pilots can operate effectively in challenging conditions. The company aims to make high-performance night vision standard for NATO and frontline allies’ FPV drones.

• Earlier in May, Luna Robotics won €250,000 prize at Latitude59 pitch competition, one of the Baltics’ leading tech and startup conferences.

Investment details

The round was backed by Coinvest Capital, Plug and Play akceleratour, and business angels from LatBAN in Latvia and NGL in Lithuania. Coinvest Capital invested €720,000б witch is the majority of the funds in this round.

• • Coinvest Capital is an early-stage venture capital fund established by Lithuania’s national development institution, Investicijų ir Verslo Garantijos (INVEGA). The fund invests public capital entrusted by the EU and the Republic of Lithuania. 

  • Its recent portfolio includes Kashimi, Commody, Airvolve and Pixevia.

Luna Robotics plans to use to expand sales and partnerships in the European Union and the US, automate production, and expand capacity.

Read more: Polish defense tech Orbotix secured €6.5M to expand AI-powered autonomous drone systems for European defense