Debt financing for
Hardware, Robotics & DeepTech
Hardware and deeptech companies have what most startups lack: tangible assets. Equipment, inventory, and a contracted order book give lenders real collateral and revenue visibility, supporting debt that funds manufacturing ramp-up without diluting through the hardest phase of the build.
Lenders test whether the economics survive scale: gross margin through manufacturing ramp-up, the firmness of the order book, and how much working capital each production cycle consumes.
Best-fit products
The structures that work in Hardware, Robotics & DeepTech
Cashflow financing
Growth Debt
Larger, cheaper debt for scale-ups with established revenues.
$10M-$100MAsset-backed financing
Asset-Backed Lending
Revolving lines against receivables, inventory, MRR, or equipment.
$5M-$200MCashflow financing
Venture Debt
Non-dilutive runway for VC-backed companies, alongside or after a round.
$2M-$30MWhat lenders like
Why the sector attracts debt capital
- Equipment and inventory provide hard collateral
- A contracted order book or backlog de-risks forward revenue
- Debt funds working capital through production cycles
- IP and technology moats support enterprise value
What investors will ask
The diligence questions to be ready for
- Unit economics at scale: does gross margin survive the manufacturing ramp?
- How firm is the order book: binding POs, or LOIs and pipeline?
- Working-capital intensity of the build cycle, and supply-chain concentration
- Technology obsolescence risk and capex refresh cycles
Products, criteria, and themes shown are indicative, not exhaustive, and subject to further diligence on the company and its assets. Every business is assessed on its own merits.
Track record
Deals we've advised in the sector
$80M
Growth Debt
Robotics
A$40M
Asset Backed Loan
AgriTech
€30M
Unitranche
CleanTech
€8M
Venture Debt
Mobility
Hardware, Robotics & DeepTech FAQ
What founders and CFOs in the sector ask us most.
Still have questions? Talk to usGrowth debt for scaling, equipment financing against machinery, asset-backed lines against inventory and receivables, and venture debt alongside equity rounds. Many hardware raises combine two of these.
Other sectors we cover
SaaS & B2B Software
Debt sized on ARR and gross profit, not EBITDA.
Learn moreFintech & Specialty Lenders
Warehouse and back-leverage facilities that scale with your loan book.
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Defensive demand and reimbursement-backed revenue lenders can underwrite.
Learn moreE-commerce & Consumer Brands
Fund inventory and growth with the stock itself as collateral.
Learn moreMarketplaces & Platforms
Asset-light models financed on take-rate revenue and payment flows.
Learn moreRaising in Hardware, Robotics & DeepTech?
Tell us about the business and we'll come back with an indicative view of structure, investors, and terms. No cost, no obligation.