SaverOne to Invest €5 Million for 33.3% of Gryphen, 53% Option at €30 Million Valuation
SVRE•SaverOne will invest €5 million for a 33.3% stake in Italian UAV developer Gryphen, with an option to increase to 53% at a €30 million valuation. This funding will accelerate Gryphen’s MALE NATO Class-3 RPAS development and position SaverOne in a UAV market set to reach $40.6 billion by 2030.
1. Term Sheet Details
Under a non-binding term sheet, SaverOne will invest €5 million for a 33.3% stake in Gryphen Aircraft Industries, subject to due diligence and customary closing conditions. The company can invest an additional €3.33 million upon achieving specific milestones and may exercise an option within 24 months to raise its stake to 53% at a €30 million valuation.
2. Gryphen’s UAV Development
Gryphen leverages over 30 years of aviation heritage, a 4,000 sqm manufacturing facility in northern Italy and experience producing more than 1,000 aircraft. It is developing Medium/High Altitude Long-Endurance (MALE) and NATO Class-3 RPAS platforms by converting existing civilian airframes into military and optionally piloted unmanned systems.
3. Strategic Expansion for SaverOne
This transaction marks SaverOne’s entry into the defense UAV market and builds on its RF sensing technology expertise and prior security partnerships. The collaboration aims to accelerate system integration, testing and commercialization of advanced RPAS solutions for military and tactical applications.
4. Market Opportunity and Outlook
Industry projections estimate the global UAV market will grow to $40.6 billion by 2030, with the MALE segment capturing a significant share. Rising defense budgets across NATO and allied nations create demand for cost-effective, long-endurance unmanned platforms, underpinning Gryphen and SaverOne’s growth prospects.
