Elroy Air
Latest round
- Series A
Last raised
- Jan 2024
Total raised
- $90M
Investors
- 17
About Elroy Air
Based in the US, Elroy Air, Inc.Elroy Air, Inc. focuses on the development of logistics technology, specifically through its pioneering Chaparral aircraft cargo pod system. The company was founded in 2016 and is headquartered in San Francisco, US. The founders, Clint Cope and David Merrill, have backgrounds in technology and engineering. In September 2026, Elroy Air, Inc. Elroy Air specializes in advanced middle-mile logistics solutions, with its core offering being the Chaparral aircraft cargo pod system. This innovative product features a vertical takeoff and landing (VTOL) capability, supported by a hybrid-electric powertrain and autonomous flight functionalities. The Chaparral is designed to address critical logistics needs by enabling seamless delivery in areas with limited infrastructure, thereby expanding express logistics capabilities beyond traditional roads and airports. The system is particularly beneficial for military resupply missions in contested environments, as well as humanitarian shipping efforts in underserved communities.Elroy Air generates revenue primarily through partnerships and direct engagements with clients in the logistics, military, and humanitarian sectors. The transaction structure involves customized agreements that can include service contracts for the deployment and operation of the Chaparral system. Revenue is derived from a combination of one-time sales of the aircraft cargo pods, ongoing maintenance services, and potentially subscription-based models for software and operational support. Specific pricing plans or transaction amounts for the flagship Chaparral system and associated services are not disclosed. This capital will be utilized for the development of new products and expansion into new markets. Elroy Air aims to enhance its Chaparral aircraft capabilities while exploring potential product iterations. The company is targeting an expansion into additional regions where logistical challenges exist, specifically focusing on underserved areas.
Who invested in Elroy Air
17 investors across 4 rounds
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Questions about Elroy Air
Who invested in Elroy Air?
Elroy Air has 17 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Elroy Air raised?
Elroy Air has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Elroy Air last raise money?
Elroy Air's most recent round on record is a Series A, in Jan 2024.
What does Elroy Air do?
Based in the US, Elroy Air, Inc.
Where is Elroy Air headquartered?
Elroy Air is headquartered in US.
Which VCs invest in companies like Elroy Air?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back aerospace companies at Elroy Air's stage. Their profiles are linked below.
VCs backing aerospace startups at Series A
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