Adisyn finds an industrial shortcut for graphene stealth drone parts
Adisyn has taken a potentially important step in taking its graphene-based stealth materials program out of the laboratory and towards the factory floor, signing a memorandum of understanding with Israeli plastics heavyweight Raval A.C.S. Ltd.
The agreement sits with Adisyn subsidiary 2D Radar Absorbers, which is developing graphene-enhanced injection-moulded components designed to absorb radar signals in drones and unmanned aerial vehicles. For investors, the key point is not merely that Adisyn has found another research partner. It is that the company has teamed up with an industrial manufacturer that already makes precision thermoplastic and structural composite parts for global automotive customers.
That matters because advanced materials stories often get stuck in the dreaded “lab-to-fab” valley. A prototype might work on a benchtop, but scaling it into a repeatable, certifiable and cost-effective product can become a long and expensive detour. Adisyn’s argument is that working with Raval’s serial production equipment from the outset could cut that transition from years to months.
Why Raval matters
Raval is no cottage-industry moulding shop. The company reported calendar 2025 revenue of about €201 million, EBITDA of around €33 million and an order backlog of roughly €1.243 billion. It employs about 1,220 people across 11 facilities in North America, Western and Eastern Europe, China and Israel.
Its customer list includes major automotive names such as Volkswagen, BMW, Mercedes, GM and Porsche, with the quality systems to match. Those credentials include IATF 16949, ISO 14001, ISO 45001, VDA 6.3 and TISAX accreditations.
For Adisyn, the attraction is obvious. Automotive-grade manufacturing is not the same as defence qualification, but it does suggest a discipline around tooling, repeatability, process control and supply-chain compliance. Those qualities are essential if graphene-enhanced radar-absorbing parts are to move beyond science project status.
The commercial structure
Under the MOU, Raval will lead the plastics and moulding development, manufacture sample parts and test mechanical properties. Adisyn’s 2D Radar will lead the graphene and two-dimensional materials work, as well as radar absorption testing with Tel Aviv University.
Each party will fund its own development work, while prototypes ordered by prospective customers will be jointly funded. 2D Radar may also seek non-dilutive funding from MAFAT or the Israeli Innovation Authority, which could help cover a portion of Raval’s development costs if approved.
The deal sets out a 12-month period to demonstrate material technical progress, such as successful radar absorption testing against agreed benchmarks, completion of the workplan or a customer prototype request. The parties then have an 18-month window to determine whether the collaboration is commercially viable.
If the milestones stack up, Adisyn and Raval intend to negotiate a 50:50 joint venture to manufacture and supply graphene-based products for drones and UAVs. The proposed JV may receive manufacturing exclusivity in Israel only, with 2D Radar licensing its radar absorption technology to the vehicle in return for a royalty on gross revenues.
That final point is worth noting. The exclusivity is not global, which preserves optionality for Adisyn outside Israel. It also means the royalty model could give 2D Radar a revenue stream tied to sales rather than solely relying on manufacturing margins.
Management’s pitch
Adisyn managing director Arye Kohavi called the agreement “a major step forward” for the company’s stealth materials program, pointing to Raval’s engineering depth, quality systems and manufacturing footprint.
“For the Israeli Ministry of Defense and global drone manufacturers, our ability to move from development to production in months - rather than years - is a critical differentiator,” Kohavi said.
He added that the arrangement, combined with Adisyn’s exclusive worldwide rights to graphene-based radar absorption technology from Tel Aviv University, gave the company an integrated stealth materials platform “from underlying science through to industrial-scale production”.
Investor read-through
The opportunity is enticing, but this is still an MOU, not a purchase order. There is no disclosed customer contract, no revenue guidance and no confirmed JV yet. Technical validation remains the first hurdle, followed by commercial validation, definitive agreements and customer adoption.
Still, the strategic logic is sound. Defence drone demand is being reshaped by modern battlefield realities, where radar signature, survivability and speed of deployment are no longer niche concerns. If Adisyn can prove that graphene-enhanced injection-moulded components deliver useful radar absorption while being manufacturable at scale, the company may have something more substantial than a clever materials platform.
For now, investors should see the Raval agreement as a de-risking step rather than a commercial endgame. It does not prove the technology will sell, but it does address one of the most common fail points for advanced materials hopefuls: finding a credible path from promising science to repeatable industrial production.