Loading organizations...

§ Private Profile · San Francisco, CA, USA
Autonomous VTOL cargo aircraft developer creating systems for advanced logistics, focused on same-day shipping and defense resupply.
Based in Northern California, Elroy Air develops autonomous vertical take-off-and-landing (VTOL) cargo aircraft systems designed for commercial express shipping and military aerial resupply. The aerospace manufacturer focuses on enabling same-day global logistics and zero-risk defense transport by integrating advanced software, robotics, sensing equipment, and powertrain technologies. Elroy Air has established strategic partnerships and secured operational contracts with several prominent organizations, including NASA, the United States Air Force, and the Japan Ground Self-Defense Force. The Japanese military branch recently validated the company's flagship Chaparral UAV system during flight tests conducted at its dedicated flight testing facility in California. Additionally, the firm signed a five-year strategic agreement with Kratos Defense for the large-scale manufacturing of the Chaparral, with the first unit scheduled for delivery next year. Elroy Air was founded in 2016 by Dave Merrill and Clint Clifton.
Elroy Air has raised $45.0M across 2 funding rounds.
Elroy Air has raised $45.0M in total across 2 funding rounds.
Elroy Air is a technology company specializing in autonomous cargo aircraft designed to revolutionize middle-mile logistics. Their flagship product, the Chaparral, is a hybrid-electric, vertical takeoff and landing (VTOL) unmanned aerial vehicle (UAV) capable of carrying up to 500 pounds of cargo over distances up to 300 miles autonomously. The company serves logistics providers, defense sectors, and communities requiring efficient, rapid delivery solutions, especially in hard-to-reach or rural areas. Elroy Air aims to enable same-day shipping globally by providing a cost-effective, scalable alternative to traditional cargo transport methods, addressing challenges in speed, accessibility, and cost in logistics[1][2][4][5].
Founded in November 2016 by Dave Merrill and Clint Cope, Elroy Air emerged from the founders' vision to leverage large uncrewed aircraft systems (UAS) for aerial logistics applications. Their backgrounds in aerospace and technology fueled the development of autonomous cargo aircraft to serve complex delivery routes that trucks or traditional aircraft struggle to service. Early traction included successful funding rounds (raising $9.2 million by 2019) and validation of their Chaparral VTOL system by entities like the Japan Ground Self-Defense Force. Strategic partnerships and manufacturing agreements, such as with Kratos Defense and Security Solutions, have been pivotal in scaling production and advancing their technology[1][4][5].
Elroy Air is riding the convergence of trends in autonomous systems, electric propulsion, and advanced logistics optimization. The timing is critical as demand for faster, more flexible delivery solutions grows alongside e-commerce expansion and defense modernization. Market forces such as the need for sustainable transport, rural connectivity, and disaster resilience favor Elroy Air’s hybrid-electric autonomous cargo aircraft. By enabling middle-mile logistics automation, Elroy Air influences the broader ecosystem by reducing reliance on traditional ground transport, lowering emissions, and expanding access to remote areas, thus reshaping supply chains and delivery paradigms globally[1][2][4][5].
Looking ahead, Elroy Air is poised to begin customer integration testing of the Chaparral within the next two years, signaling a transition from development to operational deployment. Trends such as increasing automation in logistics, electrification of transport, and demand for rapid delivery will shape their trajectory. Their influence is likely to grow as they expand manufacturing capabilities and partnerships, potentially becoming a key player in both commercial and defense logistics sectors. Continued innovation in autonomy and power management will be essential to scaling their impact and achieving their mission of enabling same-day shipping worldwide[1][4][5].
Elroy Air has raised $45.0M in total across 2 funding rounds.
Elroy Air's investors include Alumni Ventures, American Express Ventures, Angular Ventures, Ascension Ventures, Kleiner Perkins, Lockheed Martin Ventures, Marlinspike, Prosperity7 Ventures, Jeff Seibert, Kamiar Kordari, Wayne Chang, Catapult Ventures.
Elroy Air has raised $45.0M across 2 funding rounds. Most recently, it raised $40.0M Series A in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2021 | $40M Series A | — | Alumni Ventures, American Express Ventures, Angular Ventures, Ascension Ventures, Kleiner Perkins, Lockheed Martin Ventures, Marlinspike, Prosperity7 Ventures, Jeff Seibert, Kamiar Kordari, Wayne Chang, Catapult Ventures, Diamondstream Partners, Precursor Ventures, Shield Capital, Side X Side Management | Announced |
| Feb 1, 2019 | $5M Seed | — | First Star Ventures, Stellar Capital, Jeff Seibert, Wayne Chang, 122 WEST VENTURES, Amplify Partners, Catapult Ventures, Haystack, Homebrew, Lemnos Labs, Levitate Capital, Precursor Ventures, Shasta Ventures | Announced |