Nigerian Startup Makes Major Investment in Drones
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 06 2026
0mins
Source: Bloomberg
Increase in Drone Attacks: Drone attacks are becoming more common across the Sahel region, prompting a response from local governments.
Expansion of Terra Industries: Nigerian startup Terra Industries is expanding into Ghana, focusing on scaling production of drone and counter-drone systems.
Investment Backing: The company has secured $34 million in funding from investors, including Palantir co-founder Joe Lonsdale and Lux Capital.
Production Goals: Terra Industries aims to produce tens of thousands of drone systems in the coming years to bolster regional defense capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
