Ukrainian military equipment manufacturer ZMIYAR has closed a pre-seed investment round of €450,000. The funding is planned to be used to test a smart mine system.
Ukrainian military equipment manufacturer ZMIYAR has closed a pre-seed investment round of €450,000. The funding is planned to be used to test a smart mine system.
In an interview with AIN.UA, ZMIYAR co-founder Viktor Shapovalov said that most of the €450,000 has already been raised, but there is still room in the round for investors. He currently values the company at €5-10 million.
The funds raised will be used to scale up production and combat tests of smart mine systems, which are scheduled for April 2026. ZMIYAR plans to sell the system in May. Part of the funds will also go towards NATO codification (NSN) and official inclusion in the system of support for the Security and Defense Forces of Ukraine.
Last fall, it became known that ZMIYAR is working on a system that allows controlling up to 200 mines with a single controller. The system is designed for use by engineering troops and costs about $3,000. The price of subsequent detonators is about $300. It works with PTM-3 and TM-62 anti-vehicle mines, which can also act as anti-personnel weapons.
«When we started developing the system, the request from the military was '10–15 km of control distance is enough'. And now this distance has increased to 20+ km, because the killzone has expanded, drones have begun to fly further. Accordingly, we need to make sure that the operator who controls our system is safe,» Shapovalov noted.
He added that ZMIYAR wants to grow fivefold in a year. The company plans to hold a Seed round next year.
