Volatus Aerospace, VoltaXplore sign LOI for Canadian-made battery supply

Volatus Aerospace (TAKOF) and VoltaXplore, a high-performance lithium-ion battery manufacturer and subsidiary of NanoXplore (NNXPF), announced the signing of a Letter of Intent for the future supply of Canadian-made lithium-ion battery cells to power Volatus’ next-generation drones. This strategic agreement strengthens Volatus’ product differentiation and supply chain security while positioning both companies for growth across civil, defense, and Arctic surveillance markets. By securing a domestic source of advanced, silicon-dominant battery cells, Volatus strengthens domestic sourcing and supply management, enhances technological self-reliance, and aligns with anticipated federal investments in Canadian manufacturing capacity. For VoltaXplore, the agreement opens a new aerospace market vertical, complementing its existing presence in electric mobility and energy storage, and supports NanoXplore’s long-term growth strategy. Upon the finalization of mutually agreeable formal supply agreement, VoltaXplore will allocate production capacity from its 1 MWh Montreal facility, operational since 2022, to supply Volatus with advanced battery cells engineered and manufactured in Canada. These high-performance cells will deliver increased endurance, faster charging, and improved cold-weather performance for Volatus’ UAV platforms. This partnership strengthens Canada’s domestic supply chain, from critical materials to finished aerospace products, while ensuring greater resilience and reducing reliance on external energy storage sources.