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.
Pax-2 is expected to produce up to 50,000 systems a year by 2028 and 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 funding does not mean the factory is already operational as Terra has said Pax-2 is due to open in the fourth quarter, and the planned annual capacity is tied to its 2028 target.
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.
Fast Growing Startup
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 as it plans further expansion across the Gulf, South America and South Asia.
