Drone Volt Completes Cross-Investment with Sol.One, Partner to a €50M Agreement Over Five Years
The French professional drone manufacturer has closed the capital transaction announced on September 2 with Belgian company Sol.One. This completion activates an industrial partnership centered on the Saboteur drone, accompanied by a purchase commitment over five years.
Reserved Offering of Nearly 7.9 Million New Shares
Drone Volt announced on September 30, 2026 the completion of the €2.5 million cross-investment with Sol.One. As part of the transaction, Sol.One subscribed to a reserved offering of 7,906,388 new shares at the unit price of €0.3162.
Simultaneously, Drone Volt invested €2.5 million in Sol.One. This operation materializes the strategic partnership around the Saboteur drone, announced on September 2.
Purchase Commitment of at Least €50 Million Over Five Years
As a reminder, the agreement concluded on September 2 stipulates that Sol.One orders propulsion systems and components from Drone Volt for a minimum of €10 million per year over five consecutive years, representing a cumulative minimum firm commitment of €50 million.
Beyond this commitment, the two companies have initiated an initial commercial development that could result in an initial sale of the Saboteur drone.
Dilution of Approximately 8.6% for Existing Shareholders
The reserved offering results in capital dilution. According to the illustration provided by the company, a shareholder holding 1% of capital in circulation before the transaction would hold 0.914% of capital and voting rights following the offering.
Marc Courcelle, Chief Executive Officer of Drone Volt, stated that the completion of this cross-investment marks "a major turning point" and brings the partnership "into a phase of concrete commercial development around the Saboteur drone". The group will publish its third quarter 2026 revenue on October 14.
