News

Elroy Air Autonomous Cargo VTOL Orders Top $2 Billion With New Deal

January 11, 2023

Just short of a year after first demonstrating its autonomous hybrid-electric cargo vertical takeoff and landing (VTOL) aircraft called the Chaparral, San Francisco Bay-area startup Elroy Air’s order book just grew by more than $100 million, the company announced Wednesday. Forbes

Company Named For Jetsons Son Unveils Autonomous Cargo EVTOL Drone Of The Near Future

January 26, 2022

Elroy Air’s Chaparral is an autonomous, hybrid electric vertical take off and landing drone designed to pick up a pod loaded with 300-500 pounds of cargo, fly it to a destination as far as 300 miles then drop it off, ready to pick up another load. Forbes

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

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.