Swarmer to acquire Ukrainian UGV maker Ratel Robotics for up to $224M

Ratel Robotics makes uncrewed floor automobiles for Ukrainian protection. Credit score: Viktor Kharyton, Swarmer

Ukrainian corporations have demonstrated their means to develop and area autonomous methods at a fraction of the worth of Western protection contractors, in response to Swarmer Inc. The corporate right this moment stated it has signed an settlement to amass Ratel Robotics, a number one producer of uncrewed floor automobiles or UGVs.

“Ratel is a significant supplier of UGVs for Ukraine,” acknowledged Alex Fink, co-founder, president, and U.S. CEO of Swarmer. “Combining a battle-tested launch platform with our combat-proven autonomy software program is the important thing to creating versatile, interoperable options. We’re excited to have [CEO] Taras Ostapchuk and his group at Ratel Robotics be the primary to affix Swarmer and develop our enterprise in Ukraine and past.”

Based in 2023, Swarmer stated it makes a speciality of vendor-agnostic software program that permits one operator to regulate tons of of autonomous platforms in actual time. The Austin, Texas-based company‘s main mission areas embrace autonomous swarm coordination, integration of multi-domain unmanned methods, and AI-powered autonomy software program for distributed operations.

Swarmer stated its intelligence layer permits massive numbers of low-cost drones and robots to function as a coherent, resilient drive. The corporate claimed that its know-how has been validated in actual battlefields, with first deployments in fight operations in Ukraine in April 2024.

Since then, Swarmer stated it has accomplished greater than 100,000 fight missions, producing terabytes of proprietary knowledge to refine its machine-learning fashions and allow the replication of superior pilot efficiency at scale. The corporate maintains operations and groups in Ukraine, Poland, and Estonia.

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Ratel Robotics develops robots for harmful missions

“Having served within the armed forces of Ukraine, I perceive firsthand the dangers troopers face on the battlefield,” stated Ostapchuk. “That have impressed me to create robotic methods able to taking over probably the most harmful missions and defending human lives.

Ratel Robotics has developed methods to help Ukrainian Protection Forces since 2023. The Kyiv, Ukraine-based company‘s UGVs carry out battlefield logistics, casualty evacuation, reconnaissance, de-mining, strike, and drone-launch missions.

Ratel can also be growing an built-in autonomy ecosystem, together with two uncrewed aerial automobile (UAV) variants, cell workshops, and solar-powered trailers.

“Along with Swarmer, we plan to mix floor capabilities and aerial capabilities with rising ranges of autonomy,” stated Ostapchuk. “That is the following stage within the evolution of recent warfare – placing fewer folks in hurt’s manner and having extra unmanned belongings tackle the chance.”

The corporate famous that it’s working with worldwide companions. It stated that each serial Ratel H and Ratel M mannequin it produces carries a NATO inventory quantity underneath the NCAGE Code A3X8J in addition to an AQAP 2110 certificates, the NATO commonplace for high quality assurance all through design, growth, and manufacturing.

Ratel has secured contracts totaling $86 million this 12 months, and it’s in discussions with a number of NATO nations underneath the “Construct With Ukraine” initiative.

The corporate’s merchandise account for about 37% of the complete 11 billion UAH ($246.85 million U.S.) spent by the Ukrainian Ministry of Defense Procurement Agency on UGVs from Jan. 1 to April 18, 2026. These contracts shall be unaffected by the acquisition, stated Fink.

“They’re virtually distinctive within the house as a result of they don’t have any salespeople, no authorities relations, no lobbying,” he famous about Ratel Robotics. “All of their gross sales are primarily pushed by the fight models wanting their merchandise as a result of they’re safe.”

Fink stated throughout a press name that Swarmer was excited by Ratel as a result of it may use UGVs to launch drones, interceptors, and swarm protection methods.

“We predict that this unlocks the flexibility to run a lot bigger swarmers in a lot bigger portions,” he asserted. “Our software program already helps as much as 690 drones per swarm. This permits the models to set them up quick sufficient to have the ability to launch this many as nicely.”

Swarmer is constructing a platform for battle-tested merchandise

“In my latest letter to shareholders, I acknowledged our goal to construct a platform firm for merchandise which have been examined on the battlefield and confirmed efficient underneath probably the most demanding operational situations,” stated Erik Prince, Swarmer’s chairman of the board. “Ratel exactly matches that mission. I imagine Swarmer can speed up its capabilities, scale its attain and combine it with different confirmed applied sciences.”

The acquisition will embrace a mixture of money and inventory price as much as $224 million if all earnout milestones are met, stated Swarmer. Closing stays topic to customary situations and any required authorized, regulatory, and shareholder approvals.

Ratel Robotics stated it expects its greater than 300 workers to affix Swarmer upon closing, bringing the full firm’s dimension to almost 500 folks. Ostapchuk will proceed in his position as CEO of Ratel Robotics as an entirely owned subsidiary and can report on to Fink.

“We’re probably a automobile for corporations which have nice know-how to instantly pair that with a advertising machine, gross sales groups on three totally different continents, a compliance equipment, and a option to increase extra funds,” stated Fink. “As a result of in lots of instances, whenever you develop as quick as these corporations are rising, then you definitely want working capital to truly be capable to purchase the components forward of producing. And we’ve entry to the U.S. capital markets. So so long as the orders are coming, we may also help speed up the expansion for corporations like this.”

The acquisition would additionally end in a diversified provide chain past Ukraine, added Prince, who acknowledged that Swarmer is on the lookout for different defensive and offensive acquisitions.

“Ukrainians have found out easy methods to wage struggle at an modern, low-cost manner, vastly superior to what the Western protection cartel has been capable of do,” stated Prince. “The job is to transform that data and that cost-effectiveness right into a sustainable, worthwhile, war-winning enterprise.”

A 12 months in the past, the Ukrainian dad or mum of Swarmer itself raised $15 million in Sequence A funding led by U.S. traders.

Different noteworthy protection robotics investments this 12 months embrace Saronic’s $1.75 billion Sequence D, Hadrian’s $1.37 billion, Mach Industries‘ $600 million, and Defend AI’s $500 million. Crunchbase estimated that $14.6 billion had been invested navy, nationwide safety, and regulation enforcement corporations as of June 2, in contrast with $9.6 billion in all of 2025.

“Each firm within the house that I do know of has grown greater than 5x this 12 months,” stated Fink. He advised The Robotic Report that Swarmer can not make plans to combine drone swarms and Ratel’s UGV applied sciences till the deal has been authorised.

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