What Happened
Defense Technology Company Expands Expertise for Power Distribution Systems
Chariot Defense has formed a Board of Advisors featuring senior military, defense acquisition, and venture capital leaders to support the deployment of its software-defined power distribution systems for U.S. military operations. The company recently secured $34 million in Series A financing and a $7.4 million contract with the Defense Innovation Unit, and is expected to begin delivering its Amphora power systems to U.S. Army brigades this fall. Chariot’s advisory board includes retired U.S. Army Gen. James E. Rainey, former Under Secretary of Defense Ellen Lord, and other industry experts. This development was first reported by Unknown Source.