War, drones, and the energy reckoning: How the Iran war is reshaping tech investment
The Iran war has driven up fuel and freight costs, exposed vulnerabilities in critical supply chains, and forced investors to rethink which technologies matter most in a more volatile world.
Two themes stand out: low-cost autonomous defense systems and energy technologies that reduce exposure to fossil-fuel shocks.
Evolution of drones
The war in Ukraine has already shown what that first trend looks like in practice. After Russia invaded Ukraine in 2022, one of Ukraine’s main defenses against the larger and better-resourced Russian army were Turkish Bayraktar TB2 drones, which reportedly cost several million dollars.
Now, a few years later, Ukraine increasingly relies on domestically produced and locally assembled drones. For example, Vyriy, a Ukrainian drone manufacturer, says that it has localized production of frames, controllers, and radio control systems, while other components, like cameras, are provided by local companies.
Some of the company’s first-person-view drones reportedly cost as...
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