It was designed to meet the British Army requirements of the Future Rapid Effect System (FRES) program.

[10] A live firing test was conducted at Camp Rena in Norway, in 2019, with the presence of the Romanian procurement authority.

The Piranha V, fitted with the Israeli UT30 MK 2 passed the series of static and dynamic shooting tests in harsh environmental conditions, exceeding the customer's requirements, as noted by GDELS.

[17] The Danish Piranha V contract includes 6 different variants: infantry, command, pioneer, ambulance, repair and mortar.

[20] In 2023, the Danish Ministry of Defence announced that it selected the Skyranger 30 as part of its planned ground air defense system.

[24] The joint venture between GDELS and Uzina Mecanică București [ro] (UMB) also aims to provide the Piranha V to the export market in the area.

[25] The first batch of 36 vehicles, was produced at GDELS-Mowag's facilities in Kreuzlingen, Switzerland, 10 of which were assembled in Bucharest.

The first batch included 30 vehicles in Infantry Fighting Vehicle configuration equipped with 30 mm cannons, and 6 in mobile command point configuration, and was assigned to the 26th Infantry Battalion "Neagoe Basarab", also known as the Red Scorpions, in October 2020.

[25] On 10 February 2023, it was announced that Romania will purchase another 150 Piranha V for an estimated cost of 674 million US dollars.

[30][32] Under the Vehículo de Combate sobre Ruedas (VCR) program, the Spanish Ministry of Defence selected a local team in 2015 to develop the future 8×8 armored infantry vehicle which is to replace the old BMR, VEC, and M113 vehicles in the Spanish Army endowment.

The 7 vehicles were received during a ceremony attended by the Secretary of State for Defence, and the Army Chief of Staff.