What Happened
Drone Maker Gets BVLOS Approval But Cuts Revenue Forecast
Volatus Aerospace has received a significant regulatory approval from Transport Canada, allowing for beyond-visual-line-of-sight operations over populated areas. However, the company has cut its 2026 revenue forecast due to supply chain delays, particularly with batteries and motors. Despite this, Volatus has a record C$59.2M in cash reserves and has raised an additional C$4.2M through a private placement. This news was first reported by Unknown Source.