Massive robot-powered drones may solve everything wrong with package delivery
January 5, 2018
San Francisco-based startup Elroy Air announced Dec. 22 that it’s secured $4.6 million in seed funding to build large, autonomous drones, capable of carrying loads of 150 pounds up to 300 miles in one trip. Quartz.
Autonomous cargo drone startup Elroy Air lands $40M Series A
August 4, 2021
Elroy Air has raised a $40 million Series A, including financing from Lockheed Martin’s venture capital arm, to ramp up the build, testing and validation of its inaugural autonomous cargo drone.
The funding round saw participation from Marlinspike Capital and Prosperity7, as well as existing investors Catapult Ventures, DiamondStream Partners, Side X Side Management, Shield Capital Partners and Precursor Ventures. This latest round brings Elroy’s total raised to $48 million to date.TechCrunch
This Startup is Bringing Same-Day Shipping to Everyone in the World
June 9, 2021
Elroy Air is developing the world’s first autonomous drone capable of delivering up to 500 pounds of cargo over a 300-mile range.Freethink
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