Gadfin has raised funding of $7 million to obtain CAA certification approvals for its Spirit-One air platforms, and to further expand its international activities in the transportation of critical equipment via its unique patented unmanned systems.
Based on proprietary eVTOL technology, Gadfin's drone service delivers low-to-medium payloads over unprecedented long ranges, meeting a growing need for urgent and express delivery of B2B products, with emphasis on the medical supply segment.
The company's flagship product, the hydrogen fuel cell powered Gadfin Spirit-One, is designed for long-range deliveries of up to 250km (155 miles), at a speed of 100km/h (62 miles/h), enabling mission-critical cargo delivery. Its insulated compartment enables lifesaving medical aid to be delivered safely and kept cool, at temperatures as low as -70 C (-94 F), thanks to Gadfin's custom packaging.
All Gadfin's systems feature patented folding wings that enable easy and stable vertical takeoff and landing (VTOL), requiring only a small work-area footprint. With their wings expanded and forward propulsion, the drones achieve high energy efficiency, extended flight time and extended range.
“We are pleased to announce that we have concluded our Series A round of funding,” says Eyal Regev, CEO and founder of Gadfin. “We secured $7 million in this round, enabling us to mature our air platforms, and support the growing number of POCs and contracts we have planned for the coming years. This investment shows the confidence of investors in our breakthrough technology for logistic deliveries and life-saving assistance.”
“Having examined Gadfin's eVTOL technology, we believe that this is a real game-changer, with strong market potential,” says Boaz Or-Shraga, General Partner at lead investor SIBF VC. “Gadfin brings unique features and strong performance to the growing field of aerial transportation. We decided to invest in the company because of its superb team, led by Eyal, and we believe that we can make a meaningful contribution as part of our investment model. We are privileged to have with us on board GEHR corporate, which will bring significant strategic benefit to Gadfin.”
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