Gadfin

Gadfin is an Israel-based developer of hydrogen fuel cell-powered drones for aerial infrastructure surveys and delivery services for businesses, hospitals, and work centers. The company offers two drone models with varying payload capacities and speed limits: Spirit One (up to 155 miles, 62 mph, 11 lbs payload, and specially designed to deliver medical supplies in a temperature-controlled environment) and Spirit X (up to 174 miles, 330 lbs payload). The company also develops an automated ground station capable of providing takeoff and landing, automatic package loading and unloading, automatic battery replacements, robotic hydrogen tank refueling, weather reporting, etc. for drones.

In early 2020, Gadfin was granted the license by the Civil Aviation Authority of Israel to deliver cargo by drones, becoming the first company to obtain that license in the country. 

In October 2024, the company signed a non-binding letter of intent (LOI) with Israel Acquisitions Corp., a special purpose acquisition company (SPAC), to propose a business combination to take Gadfin public.

Key customers and partnerships

Gadfin has formed strategic partnerships in various sectors. In 2020, it collaborated with Enel in Brazil for electric grid inspections and related deliveries and won a tender in Israel for emergency medical drone delivery services. In November 2022, it partnered with SAREL in Israel to establish a drone delivery network for connecting hospitals.