# Alpha Unmanned Systems closes €4 million financing for Madrid production expansion The unmanned helicopter maker plans to expand capacity at a new plant. Spain’s export credit agency backs the financing, with Santander, Bankinter and BBVA participating. Published 2026-11-04 by TGOs. Canonical: https://tgos.io/news/2026/11/04/alpha-unmanned-systems-closes-4-million-financing-for-madrid/ Alpha Unmanned Systems has closed €4 million in financing to support a planned increase in production capacity at a new Madrid plant.[1] The Spanish manufacturer announced the deal in a November 3, 2026, release.[1] Alpha plans to use the funds to expand its team and accelerate development of its unmanned platforms alongside the production expansion.[1] Cesce, Spain’s export credit agency, backs the deal, with Banco Santander, Bankinter and BBVA participating.[1] The release does not identify the financing instrument or its terms, and gives no capacity figure or opening date for the Madrid plant.[1] Alpha reports customers in 14 countries, including the U.S. Department of War, the Hellenic Navy and the Bulgarian Border Police.[1] It says its platforms are in service in Spain with the Guardia Civil, the Military Emergencies Unit and, more recently, the Spanish Navy.[1] ## Why it matters Alpha plans to use the financing to step up its expansion into new markets, mainly in Europe, the United States, Latin America and Asia.[1] ## Sources 1. Alpha Unmanned Systems press release, November 3, 2026, as published by Vertical