Home  >  Companies  >  Tencore
Tencore
Ukrainian manufacturer of modular ground robots for logistics, evacuation and engineering
View PDF
Details
Headquarters
Vyshneve, Ukraine
CEO
Maksym Vasylchenko
Website
Milestones
FOUNDING YEAR
2024

Valuation & Funding

Tencore received a $3.74M investment from MITS Capital in July 2025 to expand research, development and manufacturing of its TerMIT ground robots. The investment was announced at the Ukraine Recovery Conference in Rome. No valuation was disclosed with the financing.

Founded in February 2024, Tencore began with a five-person garage operation and grew to more than 100 employees by the end of that year. Co-founder and CEO Maksym Vasylchenko leads the company alongside co-founder Roman Tkachenko. Its first government contract followed in February 2025 as it moved from early production into supplying Ukraine’s armed forces.

Product

Tencore makes modular ground robots that military units use to move supplies, evacuate casualties and perform engineering tasks without placing a driver in the vehicle. Its core product, TerMIT, is a tracked electric platform that can be configured for different loads and equipment. A human operator supervises and controls the vehicle remotely, using the robot to take on work that would otherwise expose personnel to fire or aerial drones.

For a logistics mission, a unit loads supplies onto the platform and sends it to the required location. For evacuation, it uses an appropriate casualty-transport configuration instead. The value lies in providing a useful, maintainable vehicle for repeated field tasks; the presence of a remote control does not mean every deployed TerMIT already navigates autonomously.

By October 2026, Tencore’s Canadian manufacturing partner reported that more than 5,000 ground vehicles had been delivered to Ukrainian military units since 2024. Earlier company material described use by more than 50 brigades. These are reported deployment figures, distinct from the future production commitments announced abroad.

Foreign partnerships are intended to add software capabilities and production capacity. Dominion Dynamics plans to integrate AuraNet, its autonomy and command system, into TerMIT, while the companies also plan a variant adapted for Arctic conditions. Canadian production is targeted for 2027 rather than already operating.

In October 2026, Tencore also announced an ecosystem bringing together TerMIT and other ground-platform classes, including wheeled, amphibious and fire-and-rescue vehicles. This broadens the set of equipment available through its partner environment, without establishing that Tencore itself designs and manufactures every participating platform.

Business Model

Tencore sells physical ground vehicles configured for the buyer’s mission. Military procurement pays for the platform and required equipment, while the manufacturer pays for components, fabrication, assembly, testing and support. Modularity can let related configurations share engineering and parts, although changing a vehicle’s equipment still requires validation and maintenance. Logistics and mine-laying robots accounted for approximately 61% of Ukrainian ground-robot production output in 2025, illustrating the importance of practical support tasks alongside more complex armed platforms.

Its international model adds local production and technology transfer. Quantum Tencore Industries, the joint venture with Quantum Systems, was selected in June 2026 to supply 2,000 TerMIT vehicles over the following 12 months, funded by Germany’s defense ministry and destined for Ukrainian forces. The announcement establishes a production program, not proof that all vehicles have been delivered.

The foreign partner contributes industrial capacity, suppliers and a more stable operating environment, while Tencore contributes the vehicle design, manufacturing knowledge and experience from users in Ukraine. This can scale output without relying entirely on factories exposed to wartime disruption. It does not establish a particular royalty rate, ownership transfer or profit-sharing arrangement.

As of October 2026, Vasylchenko said the German venture was still completing permits and expected its first locally produced vehicles by year-end. Technology transfer itself requires approval, so building abroad does not eliminate Ukraine’s export-control requirements.

The Canadian arrangement is at an earlier stage: an October 2026 memorandum of understanding provides for local production, training and AuraNet integration, with initial manufacturing targeted for 2027. The commercial opportunity depends on turning that agreement into an operating supply chain and qualified products, rather than counting the memorandum as completed production.

Competition

Tencore competes with Ratel, Roboneers and other Ukrainian manufacturers producing robots for dangerous ground tasks, while Western autonomy companies are pursuing some of the same missions. Buyers must balance affordable, repairable hardware and available production capacity against navigation capabilities, communications and operator workload.

Ratel

Ratel supplies ground vehicles for logistics, evacuation and engineering, making it a direct competitor for Ukrainian procurement. Its proposed acquisition by Swarmer would connect manufacturing with a software company seeking to coordinate ground and aerial systems.

Roboneers and specialized Ukrainian suppliers

Roboneers overlaps in logistics and support robots, while companies such as DevDroid focus more heavily on armed platforms. Their different mission mixes show why a single ground-robot market contains several procurement categories rather than one interchangeable product.

Tencore’s modular approach can let it serve several jobs from a common base. Specialized competitors may still be better suited to a particular requirement, and reported deployment volume alone does not establish superiority across every mission.

Forterra and Overland AI

Forterra and Overland AI emphasize autonomy that allows vehicles to navigate without continuous remote steering. They also bring experience integrating systems for American military customers and working with established vehicle manufacturers.

Tencore’s strengths are production experience and feedback from Ukrainian users, supported by partners that can add manufacturing and software capabilities abroad. To compete for more demanding allied programs, it must combine those advantages with the required qualification, reliable autonomy and local support; battlefield use is valuable evidence rather than a substitute for each buyer’s acceptance process.

TAM Expansion

Tencore’s partnerships create opportunities to sell into budgets and operating environments beyond its original Ukrainian customer base. The key is to preserve useful design and manufacturing knowledge while adapting the product to additional countries, missions and qualification requirements. Across Ukraine, monthly ground-robot missions grew from about 7,500 in January 2026 to 25,000 in August, while more than 22,000 vehicles had been contracted by July. These industry-wide figures indicate growing demand for usable production capacity, rather than Tencore-specific orders.

European procurement through local production

The German-funded 2,000-vehicle program provides a concrete entry into European industrial capacity and financing, even though its initial vehicles are intended for Ukraine. Successful production could give other allied buyers a locally manufactured platform to evaluate rather than requiring them to import finished systems directly from a war zone.

Quantum Systems contributes industrial relationships and a local manufacturing route, while Tencore contributes a design used by Ukrainian units. Future orders for other countries remain conditional on permits, quality, support and procurement decisions; the existing program should not be presented as a Bundeswehr purchase for its own fleet.

Canadian and Arctic operations

AuraNet integration and local manufacturing could help adapt the platform for those customers. The opportunity depends on demonstrating cold-weather reliability and completing the industrial program, with 2027 still a production target rather than an achieved milestone.

Fire, rescue and hazardous civilian work

The inclusion of a fire-and-rescue platform in Tencore’s announced ecosystem creates a possible route into public-safety and industrial budgets. Fire services and other operators may need machines that carry equipment or operate sensors where sending a person is unsafe.

Tencore could help connect those buyers with suitable platforms and engineering support, but civilian certification, distribution and service requirements would differ from military procurement. This is a potential expansion through the ecosystem, not evidence of existing civilian orders or ownership of every partner’s technology.

Risks

Foreign production permits: The German program was still awaiting some approvals in October 2026. Delays in technology transfer or local qualification could push deliveries back despite announced production commitments.

Partnership execution and value capture: Foreign partners contribute important manufacturing and software capabilities, but the commercial terms determine what Tencore retains. The company must scale through those relationships without losing control of the expertise that differentiates its products.

Changing military requirements: TerMIT’s existing adoption does not guarantee future orders as users demand different payloads, communications or autonomy. Tencore must keep improving the platform while maintaining production and support for vehicles already deployed.

DISCLAIMERS

This report is for information purposes only and is not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. Nothing in this report constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise constitutes a personal trade recommendation to you.

This research report has been prepared solely by Sacra and should not be considered a product of any person or entity that makes such report available, if any.

Information and opinions presented in the sections of the report were obtained or derived from sources Sacra believes are reliable, but Sacra makes no representation as to their accuracy or completeness. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Information, opinions and estimates contained in this report reflect a determination at its original date of publication by Sacra and are subject to change without notice.

Sacra accepts no liability for loss arising from the use of the material presented in this report, except that this exclusion of liability does not apply to the extent that liability arises under specific statutes or regulations applicable to Sacra. Sacra may have issued, and may in the future issue, other reports that are inconsistent with, and reach different conclusions from, the information presented in this report. Those reports reflect different assumptions, views and analytical methods of the analysts who prepared them and Sacra is under no obligation to ensure that such other reports are brought to the attention of any recipient of this report.

All rights reserved. All material presented in this report, unless specifically indicated otherwise is under copyright to Sacra. Sacra reserves any and all intellectual property rights in the report. All trademarks, service marks and logos used in this report are trademarks or service marks or registered trademarks or service marks of Sacra. Any modification, copying, displaying, distributing, transmitting, publishing, licensing, creating derivative works from, or selling any report is strictly prohibited. None of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, copied or distributed to any other party, without the prior express written permission of Sacra. Any unauthorized duplication, redistribution or disclosure of this report will result in prosecution.

View PDF
Details
Headquarters
Vyshneve, Ukraine
CEO
Maksym Vasylchenko
Website
Milestones
FOUNDING YEAR
2024