--- title: "2 Billion UAH in Three Months: How Ukrainians Are Investing in Drone Production via Inzhur MilTech" description: "By the end of October 2026, over 34,000 Ukrainians invested nearly 2 billion UAH into the Inzhur MilTech fund, which channels funds into corporate bonds of drone manufacturer Vyriy Industries with a projected yield of 25–29% per annum." date: 2026-11-11T07:53:27.782Z lang: en url: https://xab.info/en/posts/inzhur-miltech-2-billion-uah-drone-investments tags: [inzhur-miltech, vyriy-industries, drone-production, ukraine-defense, corporate-bonds, investment-fund, ukraine-economy] author: "Darya Fomina" publisher: "XAB.info" --- # 2 Billion UAH in Three Months: How Ukrainians Are Investing in Drone Production via Inzhur MilTech ![Close-up of a Vyriy Industries combat drone in the dark with backlighting and Inzhur logo](https://xab.info/media/2026/11/11/inzhur-miltech-2-mlrd-grn-investicii-v-drony-vyriy/inzhur-miltech-2-mlrd-grn-investicii-v-drony-vyriy-1.webp) ## Key Points - The Inzhur MilTech fund raised nearly 2 billion UAH from over 34,000 investors within three months of its launch in August 2026 - Funds are directed into corporate bonds of Vyriy Industries, Ukraine's largest private drone manufacturer - The projected average annual yield is 25–29% in hryvnias over a three-year period with a capitalization effect - Investors can sell certificates at any time via the Inzhur app; fund closure is scheduled for July 2029 - The tax rate is 14% if held until fund closure, and 23% in case of early sale Amid the full-scale war, Ukraine's defense industry has evolved from small technological developments to mass drone production. With scaling comes a growing need for working capital: components must be purchased in advance, while payment for finished products arrives much later. In August 2026, Vyriy Industries, Ukraine's largest private drone manufacturer, teamed up with investment company Inzhur to launch a new financing channel—the Inzhur MilTech fund, which opened investment access to ordinary citizens. By the end of October 2026, more than 34,000 people had joined the project, with the volume of attracted funds reaching nearly 2 billion hryvnias. ### Mechanics: From Fund Certificate to Vyriy Bonds The fund's operational model is structured as follows. Each investor purchases an Inzhur MilTech certificate with a minimum entry threshold of 1,000 hryvnias. The fund pools participants' contributions and uses these funds to purchase corporate bonds of Vyriy Industries. The defense company, whose products are used by more than 200 military units, channels the raised capital into expanding mass production: purchasing components, building up reserves, and financing production cycles. According to Vyriy CEO and owner Oleksandr Babenko, the funds are not planned to be invested in experimental R&D projects or high-risk developments—it is exclusively about scaling already mastered mass production. ### Why Through a Fund Rather Than Directly The key limitation that determined the placement structure was the classification of Vyriy Industries' financial information under an order by the Ministry of Defense of Ukraine. This makes a public bond issuance impossible. At the same time, legislation limits private placement of securities to no more than 150 investors. The Inzhur MilTech model bypasses both restrictions: the fund acts as an underwriter for a private placement, and pooling small contributions from thousands of people into a single investment formally fits within the legal framework. ### Capitalization and Yield Every 35 days, Vyriy pays interest on the bonds to the fund. Instead of distributing dividends, the fund directs these funds to purchase new bonds, creating a capitalization effect: the earned income itself begins to generate additional income, and the value of investors' certificates grows. The projected average annual simple yield of Inzhur MilTech over a three-year period is 25–29% in hryvnias. The maximum figure—up to 29% per annum—is available to those who purchased certificates at the start of the placement in August 2026. The later an investor joins, the lower the projected yield, as part of the capitalization period has already passed. You can track certificate values and accumulated income in the Inzhur mobile application. ### Liquidity and Taxation Unlike a bank deposit, an investment in Inzhur MilTech is not illiquid. An investor can sell certificates at any time by submitting a request in the Inzhur app; the company's stated execution time is up to three business hours at the current certificate price. However, the tax burden depends significantly on the timing of the sale. If certificates are sold before the fund closes, investment income is taxed at a rate of 23% (18% personal income tax and 5% military levy). If the investor waits for the final closure of the fund in July 2029, income is paid out as dividends and taxed at a rate of 14% (9% personal income tax and 5% military levy). Thus, from a taxation perspective, holding the position until the end of the fund's term is 9 percentage points more profitable. New certificates can be purchased until December 31, 2026. ### Context: From Grants to Private Capital Before the launch of Inzhur MilTech, Vyriy Industries was funded by its own funds, bank loans, grants, and state contracts. The launch of the fund in August 2026 marked the company's first-ever raising of mass private capital. For more than 34,000 participants, this is an opportunity to simultaneously support the Defense Forces of Ukraine and receive a return significantly higher than bank deposit rates. For Vyriy, it provides access to long-term working capital without increasing debt burdens to banks. At a time when Ukraine's defense industry is scaling amid ongoing combat operations, the "citizen-fund-manufacturer" model is becoming one of the instruments ensuring the resilience of weapons supply chains. ## Fact-Check & Sources - [До 29% годовых на дронах: сколько можно заработать с Inzhur MilTech и есть ли риск потерять деньги](https://www.rbc.ua/ukr/news/29-richnih-dronah-skilki-mozhna-zarobiti-1793721766.html) - The primary source contains all key facts: volume of attracted funds (2 billion UAH), number of investors (34+ thousand), fund operational mechanism, Vyriy bond structure, tax rates, fund closure dates, and liquidity. The data are mutually consistent. ## FAQ ### What is the minimum entry threshold for the Inzhur MilTech fund? The minimum amount to purchase a fund certificate is 1,000 hryvnias. ### Where exactly do investors' money go? The Inzhur MilTech fund pools participants' contributions and uses them to buy corporate bonds of Vyriy Industries. The company uses the raised capital to expand mass drone production: purchasing components, building reserves, and financing production cycles. ### What is the projected yield and what does it depend on? The projected average annual simple yield over three years is 25–29% in hryvnias. The maximum 29% per annum is available to investors who joined at the start in August 2026. The later the purchase, the lower the projected figure. ### Can I sell my investment early? Yes. An investor can submit a request to sell certificates in the Inzhur app at any time. The stated execution time is up to three business hours at the current certificate price. ### When does the fund close and what happens to the income? The final closure of the fund is scheduled for July 2029. At that point, the fund pays out dividends taxed at 14% (9% personal income tax and 5% military levy). Upon early sale, investment income is taxed at 23%. ### Until what date can new certificates be purchased? New certificates of the Inzhur MilTech fund can be purchased until December 31, 2026.