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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