Gadfin

Company Overview

Snapshot

Founded in July 2018 by Eyal Regev and Ran Kleiner, Gadfin operates with 11–50 employees. The company has raised $7 million across three funding rounds and in May 2022, secured a funding round led by Southern Israel Bridging Fund VC (SIBF).

Business overview

Gadfin develops hydrogen-powered drones for urgent, long-range deliveries and preventive maintenance, primarily serving the medical and critical supply sectors. Its core technology features patented aerodynamic solutions, a folding-wing mechanism, and an integrated hydrogen fuel cell system, enabling extended flight range and energy efficiency. The company's drones, including the Spirit-One, are designed for autonomous operation in urban areas, complying with international standards for Beyond Visual Line of Sight (BVLOS) flight, and are utilized for transporting refrigerated medical cargo such as samples, blood, and organs.

Strategic signal

In October 2024, estimates placed Gadfin's valuation between $100 million and $200 million upon its anticipated entry into Nasdaq. This indicates strong market confidence and a significant growth trajectory for the company, signaling potential for substantial investor returns and increased visibility in the drone delivery sector.

Company Intelligence Q&A

What was a significant funding event for Gadfin?

In May 2022, Gadfin announced a $7 million funding round led by Southern Israel Bridging Fund VC (SIBF).

When did Gadfin receive its first permit for urban airspace deliveries?

Gadfin received the first permit from Israel's Civil Aviation Authority for urban airspace deliveries at the start of 2020.

What was the estimated valuation for Gadfin's Nasdaq entry?

According to October 2024 estimates, Gadfin's valuation upon entering Nasdaq is projected to range between $100 million and $200 million.

When did Gadfin launch its Spirit One vision in the UK?

Gadfin announced the launch of its 'Spirit One' vision in the UK in September 2021.

When did Gadfin's Spirit One drone have its first flight?

The first flight for Gadfin's Spirit One drone occurred in January 2020.