Tech Company Financing Transactions
Elroy Air Funding Round
Catapult Ventures, DiamondStream Partners and Lockheed Martin participated in a $40 million Series A funding round for Elroy Air. This VC investment round closed on 8/6/2021.
Transaction Overview
Company Name
Announced On
8/6/2021
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series A
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1500 Michigan St.
San Francisco, CA 94124
USA
San Francisco, CA 94124
USA
Phone
Undisclosed
Website
Email Address
Overview
Elroy Air is enabling autonomous air transport anywhere. The Elroy aircraft is an autonomous heavy-lift VTOL (vertical takeoff-and-landing) aircraft, initially for cargo transport and delivery with 150lbs payload, and 200+ miles of range. The company already has interest from the military for resupply, and from commercial logistics customers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Merrill
VP - Engineering
Clint Cope
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