Key facts
- Nigerian startup Terra Industries is expanding into Ghana.
- The company is scaling production of drone and counter-drone systems.
- Terra Industries secured $34 million in funding from investors.
- Investors include Palantir co-founder Joe Lonsdale and Lux Capital.
- The company aims to produce tens of thousands of systems.
Nigerian startup Terra Industries is increasing its focus on drone and counter-drone systems amidst rising drone attacks in the Sahel region. The company announced an expansion into Ghana and plans to significantly scale up its production capabilities. This growth is supported by a $34 million investment round, with notable participation from Palantir co-founder Joe Lonsdale and venture capital firm Lux Capital. Terra Industries aims to produce tens of thousands of systems in the coming years, responding to increased defense spending by governments in the region.