Establishing in-house series production of electric drone motors in Finland — with a clear path to break-even at less than 40% utilization of one production shift.
Investment round and current ownership structure
Pre-money valuation is open — we believe the market sets the price. The numbers throughout this plan describe the underlying business, not a fixed term sheet.
Strategic allocation of 2M€
From flexible pilot line to industrial scale in Finland
Built domestically, from flexible pilot to industrial scale.
Long-term agreements with EU partners. Lower dependency on Asia.
Capacity added in defined steps as demand grows — no oversized capex.
Automated assembly and test stations to keep unit cost competitive at scale.
Producing within 60 days of investment — and self-sustaining well before the industrial line is online
Secured production facility in Ostrobothnia, Finland — signed lease with a first-year discount on production area. Full lease (~€3,360/month, ~€40k/year) applies from Year 2. Specific landlord, address, square-meter pricing and contract terms shared under NDA.
Annual motor output by phase, line and shift configuration — pilot capacity is retained once industrial is online
Solid bars = base plan (3 shifts × 220 working days). Lighter bars = 5-shift, 24-7 × 365 upside. Dashed reference lines mark the combined ceilings.
Low-capex, flexible, 30-day delivery. Producing from M2. 5-shift 24-7 operation lifts the pilot to 150,000 / yr (upside).
12-month build. Modular: add shifts and modules as demand grows. 5-shift 24-7 operation lifts the industrial line to 500,000 / yr (upside).
Pilot capacity is retained — it stacks on top of industrial output.
Pick a shift configuration per line and see the impact on volume, gross profit and operator cost
| Setup | Shifts | Motors / yr | Staff | Direct labor / yr | GP after direct labor |
|---|---|---|---|---|---|
| Pilot line | Off | 0 | 0 | ~€0 | ~€0 |
| Pilot line | 1 shift | 30,000 | 6 | ~€275,280 | ~€474,720 |
| Pilot line | 2 shifts | 60,000 | 10 | ~€454,956 | ~€1,045,044 |
| ▸Pilot line | 3 shifts | 90,000 | 14 | ~€658,068 | ~€1,591,932 |
| Pilot line | 5 shifts · 24-7 | 150,000 | 19 | ~€937,068 | ~€2,812,932 |
| Industrial line | Off | 0 | 0 | ~€0 | ~€0 |
| Industrial line | 1 shift | 100,000 | 4 | ~€200,880 | ~€2,299,120 |
| Industrial line | 2 shifts | 200,000 | 8 | ~€380,556 | ~€4,619,444 |
| ▸Industrial line | 3 shifts | 300,000 | 12 | ~€583,668 | ~€6,916,332 |
| Industrial line | 5 shifts · 24-7 | 500,000 | 17 | ~€862,668 | ~€11,637,332 |
Direct labor includes operators, shift leads, production engineers and the maintenance/QA crew tied to running the line — gross monthly pay plus Finnish 24% employer costs and CBA shift / night / weekend premiums. Company payroll (founders, sales, marketing, finance/admin) and fixed overhead (facility lease, equipment service & wear, utilities, logistics, insurance) sit outside this table and are absorbed by the gross profit shown in the right-hand column on the way to EBITDA. Equipment depreciation is reported below EBITDA, not inside it. Click any row — or use the buttons — to drive the combined totals above.
Three scenarios for revenue and EBITDA — controls below also drive the 24-month cash flow
| Year | Motors | Revenue | Gross profit | EBITDA | HC direct | HC company | Salary direct | Salary company | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Year 0 | 0 | €0 | €0 | €0 | 0 | 0 | €0 | €0 | €2,000,000 |
| Year 1 | 25,000 | €1,250,000 | €424,120 | €5,000 | 4 | 2 | €200,880 | €148,800 | €2,005,000 |
| Year 2 | 80,000 | €4,000,000 | €1,799,120 | €1,000,000 | 4 | 11 | €200,880 | €624,960 | €3,005,000 |
| Year 3 | 160,000 | €8,000,000 | €3,619,444 | €2,700,000 | 8 | 14 | €380,556 | €834,024 | €5,705,000 |
| Year 4 | 240,000 | €12,000,000 | €5,416,332 | €4,200,000 | 12 | 17 | €583,668 | €1,014,072 | €9,905,000 |
| Year 5 | 320,000 | €16,000,000 | €7,141,052 | €5,800,000 | 18 | 20 | €858,948 | €1,155,432 | €15,705,000 |
HC / Salary direct = produktionspersonal på linjen (operatörer, skiftledare, underhåll/QA, produktionsingenjör) — räknas som direkt produktionslön i Gross profit, inkl. finska CBA-skifttillägg och arbetsgivaravgifter. HC / Salary company = gemensam personal (grundare, sälj, marknad, plant manager, finance, HR, admin) — räknas som overhead och dras från EBITDA tillsammans med övriga företagskostnader och avskrivningar.
Cash trajectory under the Base scenario — uses the controls in the 5-Year Forecast above
End-of-Year-2 cash is €3,005,000 under the Base scenario — consistent with the 5-year forecast above. Working capital for the industrial ramp-up is fully included in this round.
Identified risks and mitigations
"2M€ takes Midguard from prototype to scalable production, with a clear path to break-even at less than 40% utilization of one production shift."