Gadfin announced the closing of a Series A funding round of approximately $7 million, led by Southern Israel Bridging Fund (SIBF) with participation from GEHR Corporation and other strategic investors, to support certification and international expansion of its Spirit One platforms.

Gadfin signed a five‑year exclusive partnership agreement valued at about $5 million with Sarel, Israel’s largest medical group purchasing and logistics organization, to create a drone delivery network connecting major hospitals within roughly a 200 km radius for urgent medical supplies.

Gadfin became the first company to receive a Civil Aviation Authority of Israel permit for urban airspace deliveries, enabling it to link hospitals, laboratories, and other institutions by drone within Israeli urban areas.

Gadfin announced the launch of its Spirit One vision in the UK, introducing a 25 kg MTOW electric VTOL unmanned air vehicle with a range exceeding 250 km aimed at long-range delivery operations.

Under a five‑year delivery contract with Sarel, Gadfin committed to deploying 18 Spirit One hydrogen fuel cell drones within three years to perform around 60 medical deliveries per day, or approximately 21,000 deliveries per year, across Israel’s major hospitals.

Israel Acquisitions Corp., a NASDAQ‑listed SPAC, announced it had signed a non‑binding letter of intent for a proposed business combination with Gadfin Aero‑Logistics Systems, targeting a future public listing focused on hydrogen‑powered drone delivery for medical and critical cargo.

Gadfin Ltd. and Israel Acquisitions Corp. entered into a definitive business combination agreement valued at up to $200 million, which would result in the combined company trading on Nasdaq and provide capital for scaling hydrogen‑powered long‑range drone delivery services.

Gadfin officially began serial production of its Spirit One HD Group 3 hydrogen fuel cell–powered eVTOL unmanned aerial system, ahead of broader commercial deployment and flight testing for long-range delivery missions.