Elroy Air Raises $40MM Series A financing including Lockheed Martin Ventures to accelerate the development of its Chaparral Autonomous VTOL Cargo Aircraft
Strategic and financial investors back the California-based aerospace company leading the industry in large autonomous VTOL delivery drones for middle-mile express commercial shipping and Defense logistics.
San Francisco, California, August 3, 2021 — Elroy Air, the Aerospace and Logistics company developing the world’s first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo systems, has raised a $40MM Series A financing from Marlinspike Capital, Lockheed Martin Ventures, and Prosperity7 Ventures alongside continued backing from existing investors including Catapult…
Trailblazing Partnership Aims to Demonstrate Safe Airspace Integration For Unmanned Logistics Aircraft
San Francisco, California, January 14, 2021 — Elroy Air, the Aerospace + Logistics company developing the world’s first end-to-end automated vertical take-off and landing (VTOL) aerial cargo systems, is teaming with NASA to accelerate and improve the safe integration of advanced autonomous cargo aircraft into the United States airspace.
The partnership is part of NASA’s Advanced Air Mobility (AAM) National Campaign to develop key guidance for UAM (Urban Air Mobility) operations, while addressing key challenges such as certification and standards development, in an effort to accelerate U.S. leadership…
San Francisco, California, December 18, 2020 — Elroy Air, an aerospace and logistics company developing Vertical Take-Off and Landing (VTOL) aerial cargo systems, announced that it has won a Phase 3 Small Business Innovation Research (SBIR) contract with Agility Prime, a non-traditional program in the US Air Force seeking to accelerate the commercial market for advanced air mobility vehicles. The goals of this new contract are to fund technical demonstrations and performance validations including flights of its next-generation Chaparral aircraft to transition the Chaparral program to acquisitions by the Air Force.
“We are enthusiastic to expand our existing partnership with…
Every year in September the Industrial Designers Society of America (IDSA) announces their selections for IDEA: the International Design Excellence Awards. A small group of new products and systems are recognized as the most innovative designs, with the most world-changing potential of the year. This year the Elroy Air Chaparral — our autonomous cargo aircraft— won Gold in the Transportation category.
This is a big deal.
San Francisco, California, August 28, 2019 — Elroy Air, an autonomy and logistics company developing vertical take-off and landing (VTOL) aerial cargo systems, announced the successful completion of its first full-scale system flight test, the 1215 lb prototype reaching a height of 10 feet and hovering for 64 seconds before descending and landing safely. The test was completed at 9:14AM PST on August 14th, 2019 at McMillan Airfield at Camp Roberts, CA in partnership with the Naval Postgraduate School. The aircraft was remotely piloted by the company’s lead test pilot.
“Today is an important step toward the future of…
When we discuss new technology we often gravitate towards the “What?” “ is that new thing, and does it do?” The features of a new product typically take center stage, and the “ Why?” is secondary. We have decided to introduce ourselves and our goals by focusing on the “Why?” which ultimately guides the “What? “ that we are building.
There are 3 primary reasons why we are developing an autonomous vertical takeoff and landing (VTOL) air cargo system: