Add-on Acquisition • Aerospace

Heven Acquires Zepher Flight Labs

On April 25, 2025, Heven acquired aerospace company Zepher Flight Labs

Acquisition Context

This is Heven’s 1st transaction in the Aerospace sector.
This is Heven’s 1st transaction in the United States.
This is Heven’s 1st transaction in Washington.

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M&A Deal Summary
Date	April 25, 2025
Target	Zepher Flight Labs
Sector	Aerospace
Buyer(s)	Heven
Deal Type	Add-on Acquisition

Target Company

Zepher Flight Labs

Bingen, Washington, United States

Zepher Flight Labs specializes in vertical takeoff and landing (VTOL) drone systems, focusing on lightweight, long-range drones designed for rapid deployment and easy field repair. Zepher Flight Labs is based in Bingen, Washington.

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Buyer Overview 1

Buyer

Heven

Miami, Florida, United States

Category	Company
Founded	2019
Sector	Aerospace

DESCRIPTION

Heven is a hydrogen-powered drone, specializing in long-range, mission-ready UAVs for defense and commercial applications. Heven offer extended flight durations, quiet operation, and zero emissions, making them ideal for surveillance, logistics, and security operations. Heven was founded in 2019 and is based in Miami, Florida.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Aerospace	1 of 1
Type: Add-on Acquisition	1 of 1
State: Washington	1 of 1
Country: United States	1 of 1
Year: 2025	1 of 1

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