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.Continue reading “PUCA member Elroy Air Raises $40MM Series A financing”
Sabrewing Aircraft plans to perform the first flight of its Rhaegal unmanned heavy-lift, long-range half-scale prototype aircraft by the end of March, says Ed De Reyes, Sabrewing chairman and CEO, according to a recent publication by Janes.Continue reading “Sabrewing Plans Long Range Cargo VTOL First Flight”
In May 2020 Sabrewing officially announced their new cargo aircraft the Rhaegal-A.
Pieter Hermans of Jakajima interviewed him about the new aircraft, the Unmanned Cargo Aicraft Market, certification, VTOL technology and more.
Watch the interview on JakajimaTV
Sabrewing is member of Platform Unmanned Cargo Aircraft.