Latvian startup NEWT21 starts industrial production of water drones
Founded a year and a half ago, startup NEWT21 already produces two water drone models and plans a third – a seven-meter catamaran. The company's turnover exceeded one million euros in its first year.
The Riga-based startup NEWT21, founded a year and a half ago, has developed and started industrial production of two water drone models. The company also plans a third model – a seven-meter catamaran. It has established industrial manufacturing, and its turnover in the first year of operation exceeded one million euros.
NEWT21 focuses on the military industry, offering water drones that can be used for various tasks. The exact specifications and applications of the drones are not disclosed, but the company's goal is to create a full-fledged fleet of unmanned vessels. The founders emphasize that the drones are designed to meet modern military needs and can operate autonomously.
The startup's success demonstrates the ability of Latvian technology companies to quickly enter niche markets and become profitable. Although the company is young, it has already proven capable of producing competitive products and attracting customers. Plans for the near future include expanding production capacity and continuing to develop new models.
