Israeli eVTOL company Gadfin announced $7 million funding round
Led by the Southern Israel Bridging Fund VC (SIBF), this funding will strengthen the company's activity in the transportation of critical medical equipment
Eyal Boguslavsky
| 06/05/2022
Photos courtesty Gadfin
Gadfin, An Israeli developer of eVTOL solutions for long-range B2B urgent all-weather unmanned aerial delivery and scanning services – especially for the medical supply segment – announced the closing of its $7 million round A of funding, led by SIBF along with GEHR Cooperation and other strategic investors.
The funds raised will enable the company to obtain CAA certification approvals for its Spirit-One air platforms in the regions in which it operates, and to further expand its international activities in the transportation of critical equipment via its unique patented unmanned systems.
According the company, based on proprietary eVTOL technology, Gadfin's drone service delivers low-to-medium payloads over long ranges, meeting a growing need for urgent and express delivery of B2B products, with emphasis on the medical supply sector.
“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.”
Gadfin team
Led by the Southern Israel Bridging Fund VC (SIBF), this funding will strengthen the company's activity in the transportation of critical medical equipment
Photos courtesty Gadfin
Gadfin, An Israeli developer of eVTOL solutions for long-range B2B urgent all-weather unmanned aerial delivery and scanning services – especially for the medical supply segment – announced the closing of its $7 million round A of funding, led by SIBF along with GEHR Cooperation and other strategic investors.
The funds raised will enable the company to obtain CAA certification approvals for its Spirit-One air platforms in the regions in which it operates, and to further expand its international activities in the transportation of critical equipment via its unique patented unmanned systems.
According the company, based on proprietary eVTOL technology, Gadfin's drone service delivers low-to-medium payloads over long ranges, meeting a growing need for urgent and express delivery of B2B products, with emphasis on the medical supply sector.
“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.”
Gadfin team
