PteroDynamics, a Colorado developer of autonomous vertical takeoff and landing unmanned aircraft systems, received an investment from ONE Bow River National Defense Fund.

Its aircraft systems are designed for defense and aerospace missions including contested logistics, surveillance and remote operations in harsh environments.

The company's Transwing technology folds wings to transition between vertical and fixed-wing horizontal flight configurations.

The capital is intended to support engineering operations, flight testing and manufacturing expansion for the Transwing VTOL unmanned aircraft systems platform.

ONE Bow River's strategy centers on differentiated defense and aerospace technologies tied to U.S. national security and industrial readiness.