The funds will be allocated through a drone coalition led by Britain and Latvia, with support from other nations.
The drone initiative is funded by more than $3.8 billion from the annual defense budget.
The coalition is expected to receive over $20 million soon, with contributions from Germany ($12.7 million), Canada ($3.8 million), and Luxembourg ($3.8 million).
The total fund for the coalition will exceed $85 million, including more than $19 million from Britain.
Formed in December 2023 during a visit by Latvian Defense Minister Andris Spruds to Kyiv, the coalition includes Sweden, Estonia, Germany, the Netherlands, Lithuania, Denmark, Canada, Australia, France, Italy, Poland, New Zealand, Czechia, and Luxembourg.
In May, Latvia pledged an additional €20 million to support Ukraine and its own military.