SaverOne Invests €5 Million to Enter Military Drone Market with Gryphen Aircraft

Israeli company SaverOne has signed a non-binding term sheet to invest an initial €5 million for a 33.3% stake in Italian drone developer Gryphen Aircraft Industries. The deal includes options to increase ownership to 53% within 24 months, contingent on meeting milestones and other conditions. Gryphen specializes in developing medium-altitude long-endurance (MALE) unmanned aerial vehicles (UAVs) based on civilian aircraft platforms, with over 30 years of aviation experience and a manufacturing facility spanning approximately 4,000 square meters.

The investment aims to accelerate Gryphen's system development, technology integration, testing, and commercialization as SaverOne expands into security and defense sectors. This move follows a recent strategic deal SaverOne announced with VisionWave Holdings. SaverOne CEO Uri Gelbo said the investment marks the company’s entry into the military drone market and complements its recent security expansion, creating significant growth opportunities for both firms.

Gryphen CEO and founder Itai Turner described the partnership as a major milestone in Gryphen’s growth strategy, reflecting a shared vision to provide innovative and cost-effective unmanned aviation solutions. He added that the collaboration with SaverOne is expected to speed product development, market penetration, and commercialization, generating long-term value for customers and shareholders.