Elroy Air Unveils Its Chaparral, a Hybrid-electric VTOL Cargo Aircraft

Elroy Air, the company developing the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, unveiled its pre-production Chaparral aircraft today. The Chaparral can autonomously pick up 300-500 lbs of cargo and deliver it by air up to 300 miles, a capability that pushes beyond the limited payload capabilities of delivery drones and the airport infrastructure required of piloted air cargo options available today.

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PUCA member Elroy Air Raises $40MM Series A financing

financing

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 Ventures, DiamondStream Partners, Side X Side Management, Shield Capital Partners and Precursor Ventures. The fresh financing brings Elroy Air’s total investment raised to date to $48MM.

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