Nigerian drone maker raises $52 million as Ghana factory prepares to become Africa’s largest

Nigerian defence-technology startup Terra Industries has raised an additional $18 million, taking its seed funding to $52 million as it prepares to open a drone factory in Ghana and launch its first international office in London.

• Terra Industries has raised a further $18 million, bringing its total seed funding to $52 million.
• Its 34,000-square-foot Pax-2 factory in Ghana is scheduled to open in the fourth quarter and is expected to produce up to 50,000 aerial systems a year by 2028.
• The funding gives the Nigerian company more capital to manufacture in Africa while expanding its sales and operations beyond the continent.

Terra Industries has raised an additional $18 million, taking the Nigerian defence-technology startup’s seed funding to $52 million as it moves ahead with a new manufacturing facility in Ghana and opens its first international office in London.

The company said the latest funding will support manufacturing, engineering, operations and business-development teams, as well as deployments across Africa and other markets in the Global South.

Terra’s Pax-2 factory in Ghana is scheduled to open in the fourth quarter. The 34,000-square-foot facility is expected to become Africa’s largest drone factory once operational, according to the company.

It is a significant next step after Terra’s funding reached $34 million in February, when the startup said it was scaling production of drones, surveillance towers and unmanned ground vehicles.

The Ghana facility is a more defined version of the company’s earlier plan to expand its manufacturing base beyond Nigeria. It will follow Terra’s 15,000-square-foot flagship factory in Abuja.

Terra says its systems are already used to help protect power plants, mines and other critical infrastructure assets valued at about $11 billion across multiple African countries.

The latest raise also comes as African governments and infrastructure operators look for locally built alternatives in a sector where the continent still receives a small share of global defence-technology funding.

From Abuja to Accra and London

Terra was founded in 2024 by Nathan Nwachuku and Maxwell Maduka. It develops autonomous aerial, land and maritime systems, including drones, interceptor drones, surveillance towers and unmanned ground vehicles.

The additional capital was provided by existing investors 8VC, Silent Ventures, Nova Global, Belief Capital and SV Angel. Norleo Space Investments and Grant Gordon also joined the round, Terra said in its funding announcement.

The company will open an office in London while keeping manufacturing in Africa. It plans further expansion across the Gulf, South America and South Asia.

The factory timetable

Pax-2 is expected to produce up to 50,000 systems a year by 2028. That figure is a company target, not current output.

The new factory is designed to produce Terra’s aerial-systems portfolio. Its planned capacity is more than three times the size of the company’s existing Abuja factory by floor area.

The project gives Ghana a direct role in the company’s next production phase, while Nigeria remains home to its original factory and founding team.

The funding does not mean the factory is already operational. Terra has said Pax-2 is due to open in the fourth quarter, and the planned annual capacity is tied to its 2028 target.