Gadfin Overview
Gadfin develops fast, hydrogen-powered drones with a quiet signature for long-range urgent deliveries and preventive maintenance missions. The patented technologies redefine delivery capabilities in terms of flight radius, safety, reliability, and automation. Among Gadfin's drones is Spirit-One, a long-range delivery drone for 3–6 kg (6–13 lb.) payloads that enables effective delivery of medical and other time-critical supplies at low cost. Gadfin's platform, engineered from the ground up by Israel's top aerospace industry experts, enjoys a sustainable advantage based on solid IP in aerodynamics solutions for drag decrease, a patented folding-wing mechanism, an integrated hydrogen fuel cell system that enables unmatched flight range, and advanced safety systems. The patented folding wings generate multiple advantages, such as withstanding strong side winds while vertically taking off and landing and requiring a small landing pad footprint. While the wings are spread, the drone achieves unparalleled energy efficiency, extended flight time, and range. Operated by unmanned autonomous robotic centers and tracked through cellular and satellite communication, the company's drones comply with international standards, including an emergency parachute and advanced anti-collision technology, enabling BVLOS flight in urban areas. Gadfin received the first permit from Israel's Civil Aviation Authority for urban airspace deliveries at the start of 2020, allowing hospitals, laboratories, and diverse organizations and institutions to be linked by drones. The flight network enables the fast and ongoing transfer of refrigerated medical cargo, such as samples, bone marrow, blood tests, blood donations, organs for transplant, and more, all within minutes and at very low cost.
Cumulative Funding Raised Over Time ($)
—Mar 2020
$7.0MMay 2022
$7.0MOct 2020
Latest News
growth-positive
חברת ה-SPAC הישראלית של יזהר שי מצאה יעד חדש למיזוג
Israel Acquisitions Corp, a SPAC led by Izhar Shay and Ziv Ayalon, announced a merger with Gadfin, an Israeli technology company specializing in hydrogen-powered drones for cargo delivery. The merger values Gadfin at up to $200 million and is expected to close in the second half of 2025, pending approvals. Gadfin, founded in 2018, has been involved in a pilot project for transporting medical supplies, which could generate $5 million over three years. The SPAC previously planned to merge with another company, but the deal was canceled due to market conditions. This merger is seen as a significant milestone for Gadfin, positioning it for growth in the logistics industry.
Acquired-byPublic Trading
growth-positive
According to estimates, Gadfin's value upon entering Nasdaq will range between $100 million and $200 million.
Gadfin, an Israeli company specializing in delivery drones, is set to merge with Israel Acquisition Corp., a SPAC, to go public on Nasdaq. The companys valuation is estimated to be between $100 million and $200 million. Gadfin, founded in 2018, has developed hydrogen-powered drones capable of long-distance deliveries, initially focusing on medical logistics. The SPAC, led by Izhar Shay, raised $143 million and aims to finalize the merger soon. This move comes amid a challenging market for SPACs, which have seen declining popularity and performance. Gadfins technology and market potential in unmanned aerial logistics present a growth opportunity as the company prepares for public trading.
Acquired-byPublic Trading
growth-positive
טיסה לבית חולים במהירות של עד 100 קמ"ש: פיילוט הרחפנים שמגיע לישראל
The article discusses the use of drones for medical deliveries by companies such as Zipline, Gdfein, Amazon, and Wings. Zipline has been delivering medical supplies in Rwanda for about six years, with all blood transfusions in the country now being delivered by air. Gdfein, an Israeli company, is expected to launch a pilot in July to deliver medicines and medical equipment. The company has signed a deal with Sarel, which is responsible for the procurement of government hospitals, and if successful, the operation could expand to non-government hospitals and the blood bank. Amazon launched a pilot for drug delivery via drones in Texas, USA, last October.
ExpandCustomers
growth-positive
From Pigeon Post To Super-Long Range Delivery Drones
Gadfin, an Israeli drone company, has developed a hydrogen-powered drone capable of delivering medical supplies over long distances. The drone, inspired by mail pigeons, can withstand high winds and maintain super-cool temperatures for delicate medical supplies. Gadfins drones stand out due to their hydrogen fuel cell power source and patented folding wings, allowing for longer distances and energy efficiency. The company recently closed a deal with Sarel, Israels largest medical purchasing and logistics company, to create the first aerial drone grid for delivering medical equipment to hospitals. Gadfin also plans to expand internationally and aims to complete the next phase of its development – air taxis – by 2025.
CustomersPartnersExpand
growth-positive
Gadfin expands its international operations and announces $7 million round of funding, led by the Southern Israel Bridging Fund VC (SIBF)
Gadfin, an Israeli company developing eVTOL solutions for long-range B2B urgent all-weather unmanned aerial delivery and scanning services, has raised $7 million in a Series A funding round. The round was led by SIBF and included participation from GEHR Cooperation and other strategic investors. The funds will be used to obtain CAA certification approvals for its Spirit-One air platforms and to expand its international activities in the transportation of critical equipment via its patented unmanned systems. The companys drone service delivers low-to-medium payloads over long ranges, with a focus on the medical supply segment.
InvestmentExpand
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | $7M |
| Last funding | $7M |
| Stage | A |
| Rounds | 3 |
| Investors | 4 |
Team Members
5
Employees: 11-50
Web & Social Links
| Website | www.gadfin.com/ |
Locations
Yitzhak Modai St 2, Rehovot, Israel
Photos & Videos
1 item(s)
Gadfin Business
Business models
B2B
Product stage
Beta
Employees
11-50
Sector
Aerospace, Defense & HLSDefense & HLS SolutionsUnmanned SystemsAutomotive & Mobility TechnologiesUrban MobilityTarget Customer
Healthcare & Life SciencesMedical Devices IndustryMedical ProductsReal Estate & ConstructionConstructionIndustrial ManufacturingDiscrete IndustriesAerospaceTransportation & LogisticsTransportation InfrastructureCore Technology
Machinery & RoboticsDronesTags (13)
hydrogendeliverysmart-mobilityvtoldroneselectric-utilitiescargolaboratorieslast-milelogisticshospitalsemergency-responsemedical-equipmentGeographic Markets
IsraelUnited KingdomGadfin Financials
$7M
Total funding
Undisclosed
Capital raised
$7M
Last funding
A
Funding stage
3
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
—Mar 2020
$7.0MMay 2022
$7.0MOct 2020
Private Equity Funding
A Round
May 2022
$7M
SIBF VC (Lead)
,
GEHR Cooperation
Undisclosed Round
Oct 2020
Undisclosed
INFRALAB
Undisclosed Round
Mar 2020
Undisclosed
Alberta Green Ventures
Gadfin Lifecycle
Cumulative Funding Raised Over Time
—Mar 2020
$7.0MMay 2022
$7.0MOct 2020
All Events
A Round
May 2022
$7M
SIBF VC (Lead)
,
GEHR Cooperation
Undisclosed Round
Oct 2020
Undisclosed
INFRALAB
Undisclosed Round
Mar 2020
Undisclosed
Alberta Green Ventures
Gadfin News
10 articles
growth-positive
חברת ה-SPAC הישראלית של יזהר שי מצאה יעד חדש למיזוג
Israel Acquisitions Corp, a SPAC led by Izhar Shay and Ziv Ayalon, announced a merger with Gadfin, an Israeli technology company specializing in hydrogen-powered drones for cargo delivery. The merger values Gadfin at up to $200 million and is expected to close in the second half of 2025, pending approvals. Gadfin, founded in 2018, has been involved in a pilot project for transporting medical supplies, which could generate $5 million over three years. The SPAC previously planned to merge with another company, but the deal was canceled due to market conditions. This merger is seen as a significant milestone for Gadfin, positioning it for growth in the logistics industry.
Acquired-byPublic Trading
growth-positive
According to estimates, Gadfin's value upon entering Nasdaq will range between $100 million and $200 million.
Gadfin, an Israeli company specializing in delivery drones, is set to merge with Israel Acquisition Corp., a SPAC, to go public on Nasdaq. The companys valuation is estimated to be between $100 million and $200 million. Gadfin, founded in 2018, has developed hydrogen-powered drones capable of long-distance deliveries, initially focusing on medical logistics. The SPAC, led by Izhar Shay, raised $143 million and aims to finalize the merger soon. This move comes amid a challenging market for SPACs, which have seen declining popularity and performance. Gadfins technology and market potential in unmanned aerial logistics present a growth opportunity as the company prepares for public trading.
Acquired-byPublic Trading
growth-positive
טיסה לבית חולים במהירות של עד 100 קמ"ש: פיילוט הרחפנים שמגיע לישראל
The article discusses the use of drones for medical deliveries by companies such as Zipline, Gdfein, Amazon, and Wings. Zipline has been delivering medical supplies in Rwanda for about six years, with all blood transfusions in the country now being delivered by air. Gdfein, an Israeli company, is expected to launch a pilot in July to deliver medicines and medical equipment. The company has signed a deal with Sarel, which is responsible for the procurement of government hospitals, and if successful, the operation could expand to non-government hospitals and the blood bank. Amazon launched a pilot for drug delivery via drones in Texas, USA, last October.
ExpandCustomers
growth-positive
From Pigeon Post To Super-Long Range Delivery Drones
Gadfin, an Israeli drone company, has developed a hydrogen-powered drone capable of delivering medical supplies over long distances. The drone, inspired by mail pigeons, can withstand high winds and maintain super-cool temperatures for delicate medical supplies. Gadfins drones stand out due to their hydrogen fuel cell power source and patented folding wings, allowing for longer distances and energy efficiency. The company recently closed a deal with Sarel, Israels largest medical purchasing and logistics company, to create the first aerial drone grid for delivering medical equipment to hospitals. Gadfin also plans to expand internationally and aims to complete the next phase of its development – air taxis – by 2025.
CustomersPartnersExpand
growth-positive
Gadfin expands its international operations and announces $7 million round of funding, led by the Southern Israel Bridging Fund VC (SIBF)
Gadfin, an Israeli company developing eVTOL solutions for long-range B2B urgent all-weather unmanned aerial delivery and scanning services, has raised $7 million in a Series A funding round. The round was led by SIBF and included participation from GEHR Cooperation and other strategic investors. The funds will be used to obtain CAA certification approvals for its Spirit-One air platforms and to expand its international activities in the transportation of critical equipment via its patented unmanned systems. The companys drone service delivers low-to-medium payloads over long ranges, with a focus on the medical supply segment.
InvestmentExpand
growth-positive
Gadfin to launch 'Spirit One' vision in the UK
Gadfin will present its next generation of drone technology at the DroneX Trade Show & Conference. The company is offering a fully autonomous drone delivery network with long-range eVTOLs, a ground maintenance station, and an enhanced flight management system. The drones have a flight range of over 250 km and can be relaunched through automated ground maintenance stations. This technology is expected to revolutionize the logistics supply chain and connect peripheral areas to city centers. Gadfin is also developing a larger aircraft for longer distances. The company prioritizes safety with features such as a parachute system, redundancy in critical systems, and compliance with safety standards. The drones use a combination of LiPo batteries and hydrogen fuel cells for extended flight times. Gadfins Ground Maintenance Station is fully automatic and allows for unmanned operation of the drones.
PartnersExpand
growth-positive
https://www.jpost.com/jpost-tech/gadfin-israeli-firm-opens-new-horizons-in-the-field-of-air-cargo-drones-654569
Gadfin, a logistics company specializing in drone aircraft and autonomous drone delivery services, is preparing to deliver COVID-19 vaccines using their air cargo drones. They are fitting their drones with a vaccine delivery-compliant compartment that can maintain -80° centigrade cooling for up to three hours. Gadfin aims to create a new kind of railroad in the sky that can deliver supplies quickly and safely. The company was granted the license by the Civil Aviation Authority in Israel to deliver cargo by drones and is recognized as the first approved advanced-logistics drone delivery line. Gadfin has signed contracts with ENEL, FRITZ, and Hewlett-Packard for various drone delivery projects. They also won a tender from the Israel Ministry of Transportation to provide emergency drone delivery services. Gadfins CEO, Eyal Regev, envisions using drone delivery to bring benefits to isolated and remote areas.
CustomersPartners
growth-positive
חברת תשתיות החשמל הגדולה בעולם, בחרה ב GADFIN הישראלית לסריקת 800,000 ק"מ קווי מתח, בעזרת כטב"מ New-Tech OnLine
Israeli eVTOL drone company GADFIN has been chosen by ENEL, a global electricity infrastructure company, to conduct infrastructure inspections covering 800,000 km annually. The deal could be worth up to $12 million per year. GADFINs autonomous drone, Gadfin Spirit One, will enable ENEL to efficiently and safely inspect remote areas, saving significant costs. GADFIN is the first company in Israel to receive approval for urban drone deliveries, and it is also developing larger drones capable of carrying up to 100 kg of cargo. The company is involved in local and global partnerships.
PartnersCustomers
growth-positive
Coronavirus gives urgency to Israel's national drone delivery project
Naama, an initiative founded by the Ayalon Highway company in partnership with the Transportation Ministry, Israel Aviation Authority, and Innovation Authority, aims to open Israels skies to commercial drone deliveries. The initiative seeks to create operational and regulatory frameworks for drone companies to offer deliveries of small packages. The goal is to regulate low flight paths in Israel and eventually enable urban transport using light aircraft or air taxis. Naama has received significant interest from the drone sector and international companies, including Wing, a leading drone delivery company. The initiative has been expedited due to the coronavirus outbreak, with pilot projects for medical deliveries being prioritized. Several Israeli companies, including Zipline, have been chosen as winners of a recent tender to partner with health authorities for medical transports.
CustomersPartners
growth-positive
First flight for Gadfin Spirit One - sUAS News - The Business of Drones
Gadfin is a company that designs and develops long-range Urgent-delivery systems. Their system combines flight knowledge, unmanned and autonomy technology to redefine delivery capabilities. The article highlights the potential impact of their system on the Medical and Time-critical deliveries market, disrupting traditional logistics methods and saving lives. The key topics discussed include the benefits of their system in connecting medical facilities globally, delivering goods efficiently and reliably, and revolutionizing logistics. The article does not mention any specific partners, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event. The confidence level of this response is 8.
CustomersPartnersInvestment
Gadfin Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 14 |
| Team members | 5 |
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Gadfin Internal
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Admin Info
| Confidence | 90/100 |
| Missing | markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515875508 |
| Crunchbase | gadfin |
| Phone | +97286188202 |
| Creator | Yanina Wainscheinker |
| Creator email | yanina.wain@gmail.com |
| Last updater | Ayelet Levi Shinebox |
| Updater email | ayeletlevis@sncentral.org |
| Last update | 2024-06-03T00:00:00.000Z |
| Created | 2019-06-18T00:00:00.000Z |
| Claimed | Yes |