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Aurora Labs Secures $5.5M to Propel Drone Tech with Sovereign Partnership
10:13am on Tuesday 14th of October, 2025 AEDT
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Industrial Technology
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Aurora Labs Secures $5.5M to Propel Drone Tech with Sovereign Partnership
10:13am on Tuesday 14th of October, 2025 AEDT
Key Points
Completed $5.5 million two-tranche placement with strong institutional support
Sovereign Propulsion Systems joins as cornerstone investor and strategic partner
Collaboration agreement for aerial testing of next-gen propulsion systems with Australian Defence Force
Placement proceeds to fund drone propulsion development, manufacturing expansion, and working capital
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