Rami Levy-Backed Kando Drones Raises 19 Million Shekels Ahead of Tel Aviv Stock Exchange Listing
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · Jul 7, 2026
What happened
Kando Drones, partly owned by Rami Levy, raised 19 million shekels in an IPO valuing it at 102 million shekels ahead of its Tel Aviv Stock Exchange debut. The company, founded by former Israeli military officers, develops autonomous drones for security and civilian use but currently operates at a loss with regulatory challenges. It plans to expand its operations and deepen defense collaborations following recent developments.
- 01Kando Drones raised 19 million shekels in an IPO valuing the company at about 102 million shekels.
- 02Rami Levy owns 30.5% of Kando Drones and invested in 2022 with a shareholder loan.
- 03The company projects 7 million shekels revenue in 2025 but expects a loss of 11.9 million shekels.
- 04Kando has a 37 million shekel order backlog and negative cash flow, raising going concern doubts.
- 05Founded by ex-military officers, Kando develops autonomous drones for security and civilian sectors.
- 06Kando partnered with Elbit Systems to develop drone-mounted machine guns amid recent conflicts.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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