Office of Strategic Capital conditional loan: Neros (US$450m), Nov 2026
Vertically integrated manufacturing of drone platforms and critical drone components
Key terms
- Borrower or issuer
- Neros Technologies
- Date
- 2 Nov 2026
- Type
- Government finance
- Amount
- US$450m
This is a programme-level or conditional commitment. It is listed for reference and left out of funded totals.
Recorded terms
- Structure
- US Department of War Office of Strategic Capital direct loan (conditional commitment of up to US$450m), alongside US$165m of Neros equity in a US$615m project
- Use of proceeds
- Vertically integrated manufacturing of drone platforms and critical drone components
- Country
- United States
Parties
- Neros Technologies borrower or issuer
- Public lenders and funders: Office of Strategic Capital
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 8 Oct 2026 | Office of Strategic Capital conditional loan: PsiQuantum (US$150m) | Government finance | US$150m |
| 7 Oct 2026 | Office of Strategic Capital conditional loan: Wolfspeed (US$1,500m) | Government finance | US$1.5bn |
| 7 Aug 2026 | Office of Strategic Capital conditional loan: Niron Magnetics (US$150m) | Government finance | US$150m |
| 7 Aug 2026 | Office of Strategic Capital conditional loan: Sila Nanotechnologies (US$1,400m) | Government finance | US$1.4bn |
| 7 Aug 2026 | Office of Strategic Capital conditional loan: Sunrise Energy Metals (US$400m) | Government finance | US$400m |
M&A and investment involving Neros Technologies
| Date | Deal | Type | Value |
|---|---|---|---|
| 11 Aug 2026 | Neros US$250m Series C | Venture round | US$250m |
Sources
About this record
Record last checked against its sources on .
Record DEF-2026-0058, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Government and EU money comes as loans, guarantees or grants tied to a policy aim, with conditions on use of proceeds and reporting.