PiggyGPT

Private companiesCovered

ARX Robotics

Munich, Germany · Founded 2022

ARX Robotics builds the Gereon and Hector uncrewed ground vehicles and Mithra OS, software that retrofits autonomy to existing military vehicles, sold to Ukraine’s forces, the British Army and other European militaries.

Profile

What it builds and who buys it

  • ·Gereon is ARX’s medium-sized, autonomous and modular UGV. In Ukraine it is used mainly for logistics, casualty evacuation and resupply.ARX Robotics (company release)
  • ·Gereon carries payloads up to 500 kilograms with a range of about 40 kilometres, DroneXL reported.DroneXL, Oct 16, 2025
  • ·Hector is a wheeled, medium-class, optionally manned UGV. A combustion version reaches up to 120 km/h with a range up to 350 km, and an electric version has low acoustic and thermal signatures.Defence Industry Europe, Dec 13, 2025
  • ·Mithra OS is an AI-based operating system that retrofits existing military vehicles for remote or autonomous operation. Its autonomy kit adds cameras and sensors and takes over-the-air updates.TechCrunch, Dec 5, 2024
  • ·A contract for several hundred more Gereon systems took the fleet in Ukraine to five times its initial size. ARX calls itself the largest supplier of Western UGVs to Ukraine.ARX Robotics (company release)
  • ·Wietfeld told Handelsblatt in October 2026 that ARX has an order to deliver several thousand robotic vehicles to the Ukrainian army by the end of 2027. The paper reported that ARX is increasing production tenfold.Handelsblatt, Oct 13, 2026
  • ·ARX and the Ukrainian company Roboneers formed ARX Industries, a joint venture to build the Rys Pro UGV in Germany and Ukraine. It aims to produce thousands of units in its first year.ARX Robotics (company release), Jun 25, 2026
  • ·ARX and Roboneers signed a technology partnership in Kyiv in October 2026 in the presence of Chancellor Friedrich Merz and President Volodymyr Zelenskyy.ARX Robotics (company release), Oct 4, 2026
  • ·ARX Robotics UK won its first British Army contract through Task Force Rapstone, for UK-built Gereon vehicles with reconnaissance payloads. Neither ARX nor the Ministry of Defence disclosed its value.Resilience Media, Apr 15, 2026
  • ·ARX said it would invest £45 million in a production and R&D facility in south-west England with capacity for 1,800 vehicles a year and 90 jobs within 30 months.ARX Robotics (company release), Apr 9, 2025
  • ·British troops used a Gereon to locate a target for a Helsing HX-2 loitering munition strike during Exercise Haraka Storm in Kenya.ARX Robotics (company release)
  • ·ARX Robotics UK deployed eight Gereon vehicles with British units at the US Army’s Project Convergence-Capstone 6 at Fort Irwin, carrying payloads including L3Harris’ CORVUS-RAVEN electronic warfare and counter-drone system and MyDefence’s Watchdog counter-drone sensors.ARX Robotics (company release), Aug 6, 2026
  • ·ARX signed a memorandum of understanding with Supacat on crewed-uncrewed teaming and optionally crewed versions of vehicles such as the Jackal.ARX Robotics (company release)
  • ·ARX announced a Munich headquarters and production site to raise German manufacturing capacity fivefold by the end of 2026, and a target to double headcount in the same period.ARX Robotics (company release), Jun 1, 2026
  • ·Poland is ARX’s fourth market. The company plans to invest tens of millions of euros there over the coming years.ARX Robotics (company release), Sep 9, 2026
  • ·ARX signed a strategic partnership with Daimler Truck on March 28, 2025, hartpunkt reported.hartpunkt, Apr 28, 2025
  • ·In November 2025 ARX won a further Ukrainian order for networked Gereon systems, the third expansion of its fleet there, with part of production at its Ukrainian plant.Munich Startup, Nov 28, 2025
  • ·At the Series A, the company said six European military forces were deploying its systems.ARX Robotics (company release), Apr 28, 2025

Founders and leadership

Prospects, after the October 2026 Ukraine order

Prepared by PiggyGPT, as of Oct 15, 2026

  • ·Ukraine is the anchor customer. Wietfeld told Handelsblatt the company must deliver several thousand vehicles there by the end of 2027. The paper reported that Roboneers is the series-production partner and that DEUTZ provides industrial capacity in Germany.Handelsblatt, Oct 13, 2026
  • ·The British Army is the second customer on contract, through Task Force Rapstone, at an undisclosed value. No revenue figure is on file.Resilience Media, Apr 15, 2026
  • ·The capital on file is small next to the order book: a €9 million seed, a €31 million Series A and an €11 million extension, plus a DEUTZ-led round with no stated amount. Intenture News reported that a larger round is planned.Intenture News, citing Handelsblatt, Jun 19, 2026
  • ·For the acquisition read, Handelsblatt reported talks with prospective buyers in June 2026 and named Rheinmetall and Leonardo among them, with bids of €400 million to almost €1 billion. The chief executive denied sale negotiations. DEUTZ is to hold a minority stake and RENK has said it is exploring an investment. The posture is reported.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Funding

Last valuation

No citable valuation

Last round or tender

Strategic round

DEUTZ AG (ad-hoc disclosure via EQS), Oct 16, 2025

DEUTZ announced that it intends to lead the round, with other investors, and so become a minority shareholder, with completion expected in the following weeks. No amount, close or valuation has been announced. Intenture News, citing Handelsblatt, named DEUTZ among ARX’s investors in June 2026.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Oct 16, 2025Strategic roundDEUTZ announced that it intends to lead the round, with other investors, and so become a minority shareholder, with completion expected in the following weeks. No amount, close or valuation has been announced. Intenture News, citing Handelsblatt, named DEUTZ among ARX’s investors in June 2026.——
Jul 29, 2025Series A extension€11 million, not converted to US dollars. Led by Speedinvest with HV Capital, and Heliad AG named by the company. The company said it brought total funding to €42 million; Trending Topics put the Series A’s total at €42 million. No valuation was stated.——
Apr 28, 2025Series A€31 million, not converted to US dollars. Led by HV Capital with Omnes Capital, and existing investors the NATO Innovation Fund and Project A. No valuation was stated. hartpunkt reported that the round drew only European investors.——
Jun 10, 2024Seed€9 million, not converted to US dollars. Led by the NATO Innovation Fund with Project A Ventures and Discovery Ventures. Munich Startup called it the largest seed round to date for a European defence-tech start-up. No valuation was stated.——

Revenue

No citable revenue figure on file.

Secondary venues

  • Clarity (formerly Hiive)public page seen Oct 15, 2026

    Clarity Price $25.00, as of Oct 14, 2026

    Clarity calls the figure a model-derived indicative estimate calculated daily. The page description dates it October 14, 2026, while its "last updated" line reads August 28, 2026.

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    Listed as ARX. No public MarketPrice: the page says Caplight provides MarketPrice estimates to its users and that valuation information is not publicly available.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Acquisition: Reported

A named outlet reported talks or an approach. A report is a fact about the press, not a prediction.

Prepared by PiggyGPT, as of Oct 15, 2026

Signals

  • Jul 10, 2025RENK and ARX formed a strategic partnership to integrate Mithra OS with RENK’s mobility systems and scale UGV production, and said they are exploring potential joint ventures or financial investments.Defence Industry Europe, Jul 10, 2025
  • Sep 10, 2025Helsing and ARX agreed to develop an AI-based reconnaissance and strike system for European defence, with work in Ukraine, the United Kingdom and Germany.Munich Startup, Sep 10, 2025
  • Oct 16, 2025DEUTZ disclosed that it intends to lead ARX’s strategic funding round and become a minority shareholder, under a non-binding memorandum on a strategic partnership.DEUTZ AG (ad-hoc disclosure via EQS), Oct 16, 2025
  • Jun 16, 2026Handelsblatt reported, citing several people familiar with the negotiations, that ARX had held open-ended talks with prospective buyers in recent weeks. Chief executive Marc Wietfeld told the paper that defence companies and financial investors had shown strong interest and that there are no sale negotiations.Dow Jones Newswires press review, citing Handelsblatt (via finanznachrichten.de), Jun 16, 2026
  • Jun 19, 2026Intenture News, citing Handelsblatt, reported that the interested parties included Rheinmetall, Leonardo and several financial investors, with bids between €400 million and almost €1 billion. It reported that ARX plans a larger funding round with a European focus.Intenture News, citing Handelsblatt, Jun 19, 2026
  • Sep 16, 2026General Dynamics Land Systems-UK and ARX began a collaboration to integrate Hector with the Ajax armoured vehicle and to explore UK production at GDLS-UK’s South Wales facilities.ARX Robotics (company release), Sep 16, 2026
  • Sep 29, 2026ARX and DEUTZ delivered the first Gereon systems built at DEUTZ’s Ulm plant to Ukraine, 12 weeks after announcing the joint production ramp-up.ARX Robotics (company release), Sep 29, 2026

Named counterparties

  • RheinmetallNamed by Handelsblatt, as Intenture News relayed it, among the parties interested in buying ARX in June 2026. The chief executive said there were no sale negotiations.Intenture News, citing Handelsblatt, Jun 19, 2026
  • LeonardoNamed in the same June 2026 Handelsblatt report among the interested parties.Intenture News, citing Handelsblatt, Jun 19, 2026
  • DEUTZAnnounced it would lead ARX’s strategic round and become a minority shareholder. It builds Gereon systems at its Ulm plant and supplies drive systems.DEUTZ AG (ad-hoc disclosure via EQS), Oct 16, 2025
  • RENKA strategic partner integrating Mithra OS with its mobility systems. The two said they are exploring joint ventures or financial investments.Defence Industry Europe, Jul 10, 2025

Counterparties are named for a cited reason: a partnership, an investment, or a stated appetite. Naming is not a forecast.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 15, 2026