PteroDynamics Receives Investment From One Bow River

The company plans to use the funds to speed up the development and flight testing of its Transwing VTOL drone systems and expand manufacturing to meet growing demand from defense and commercial customers worldwide.

ONE Bow River’s National Defense Fund invests in important technology companies that support U.S. national security and strengthen the country’s industrial base. PteroDynamics’ Transwing is an innovative VTOL aircraft system that can fold its wings to switch between vertical takeoff and efficient horizontal flight.

PteroDynamics’ Transwing drone platform matches ONE Bow River’s focus on advanced technologies that support aerospace, defense readiness, and logistics in challenging environments.

The autonomous fourth-generation P4 Transwing VTOL drone has a takeoff weight of 89 pounds and can carry payloads of up to 15 pounds. In 2025, the U.S. Navy awarded PteroDynamics a contract to develop the larger fifth-generation P5 Transwing. The new model will have a maximum takeoff weight of 330 pounds, a range of more than 400 nautical miles, and the ability to carry a 50-pound payload at 70 knots. Initial flight testing is expected to begin later this summer.

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"The need for next-generation VTOL UAS platforms to automate surveillance and contested logistics operations to remote locations in harsh environments is growing every day," said Kevin O'Neil, Chief Investment Officer at ONE Bow River. "That is exactly the area where PteroDynamics excels. We're committed to helping PteroDynamics scale its engineering, operations, and manufacturing to take advantage of a growing market opportunity."

"PteroDynamics is at an exciting inflection point. The Transwing's unique performance capabilities and compelling multi-mission flexibility are attracting increasing interest from defense and commercial operators in the U.S. and around the world," said PteroDynamics CEO Matthew Graczyk. "The strategic partnership with ONE Bow River allows us to leverage their deep operational expertise and industry and government relationships to seize these opportunities while delivering more value to the market."

About PteroDynamics

Founded in 2017, PteroDynamics Inc. develops autonomous VTOL aircraft systems. Its patented Transwing® aircraft can fold its wings to smoothly transition between vertical takeoff and efficient horizontal flight, combining the benefits of helicopters and fixed-wing aircraft in a single unmanned system. The Transwing platform is designed for fast and reliable delivery missions in difficult locations without runways.

About ONE Bow River

Founded in 2024, ONE Bow River focuses on investing in and supporting companies that develop software, and data solutions for government use. Inspired by the investment principles of the U.S. Department of Defense’s Office of Strategic Capital, the firm seeks opportunities that foster long-term growth across it's portfolio. ONE Bow River aims to deliver strong value to shareholders while also strengthening US national defense capabilities.

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