Elroy Air’s autonomous, vertical takeoff and landing (VTOL) cargo aircraft, the Chaparral, has caught the attention of investors, including Lockheed Martin.
That company’s venture capital arm and others were involved in Elroy Air’s Series A raise announced on Wednesday. The company reported it had closed on $40 million in financing from Marlinspike Capital, Prosperity7 Ventures and Lockheed Martin Ventures, with participation from Catapult Ventures, DiamondStream Partners, Side X Side...
https://www.freightwaves.com/news/elroy-air-raises-40m-for-specialized-military-logistics-drone