Mitsubishi HC Capital Canada partners with Volatus Aerospace to offer Commercial Drone Finance Program
Toronto, Ontario | July 5, 2022
Volatus Aerospace Corp and Mitsubishi HC Capital Canada announced the introduction of a financing program for enterprise and industrial drone equipment. The program includes rental, usage contracts, and customized funding arrangements for the sale of its Enterprise and Industrial Drone Solutions.
The global drone industry is experiencing strong growth, an overall 16.4% CAGR according to a 2021 report by Markets&Markets with commercial drones leading the segment growing at 26%. To help drone service providers, public safety agencies, and industrial clients to leverage the rapid evolution of related technologies, Volatus Aerospace is introducing a full-service leasing and financing program available to commercial, public safety and industrial customers. The Program will generally target transactions value from $25,000 to over $2,000,000 with limits based on the creditworthiness of the client.
“We recognize that facilitating the rapid adoption of disruptive drone technologies for commercial, public safety, and industrial clients requires access to reasonable financing options. However many traditional lenders are simply unfamiliar with this evolving sector” said Abhinav Singhvi, CFO of Volatus Aerospace. “By offering full-service leasing and financing options with terms from 24 to 60 months, we are making it easier for our clients to invest in higher value assets and solutions.”
Glen Lynch, Volatus CEO added, “In addition to equipment and solution sales, Volatus is able to leverage our new programs to offer managed services using the most sophisticated drone solutions available. I consider this to be an important step ”.
"We are proud to partner with Volatus Aerospace to introduce this new financing program for enterprise and industrial drone equipment," said François Nantel, President of Mitsubishi HC Capital Canada. "We understand that the right financing structure can be an important catalyst for project success. Therefore, this financing program will provide the necessary support to facilitate the accessibility of this evolving technology."