Elroy Air

Elroy Air

Autonomous aerial cargo delivery systems

About Elroy Air

Simplify's Rating
Why Elroy Air is rated
A
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A+ on Differentiation

Industries

Automotive & Transportation

Aerospace

Defense

Company Size

11-50

Company Stage

Early VC

Total Funding

$105M

Headquarters

South San Francisco, California

Founded

2016

Overview

Elroy Air specializes in unmanned aerial cargo delivery systems, focusing on efficient and autonomous solutions for logistics and transportation. Their main product is an aerial cargo delivery system that can transport payloads of 250 to 500 pounds over distances of up to 300 miles without needing traditional airport infrastructure or electric charging stations, thanks to its hybrid-electric powertrain. Elroy Air stands out from competitors by targeting a diverse range of clients, including military organizations, humanitarian aid agencies, and commercial logistics companies, and by offering both sales and leasing options for their drones. The company's goal is to enhance global logistics capabilities, improve delivery speeds, and provide access to remote areas, ultimately aiming to improve the quality of life worldwide.

📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • FedEx plans to test Elroy Air's Chaparral drone for autonomous cargo delivery.
  • Elroy Air's collaboration with Leidos targets military applications, boosting market potential.
  • Successful first flight of Chaparral C1 marks a milestone in autonomous cargo delivery.

What critics are saying

  • Competition from companies like Zipline and Wingcopter in autonomous delivery.
  • Potential regulatory hurdles from FAA could impact operational timelines.
  • Geopolitical tensions may disrupt supply chains for critical drone components.

What makes Elroy Air unique

  • Elroy Air's Chaparral drone offers hybrid-electric VTOL for efficient cargo delivery.
  • The company targets military, humanitarian, and commercial logistics markets with autonomous solutions.
  • Elroy Air's system operates without traditional airport infrastructure, enhancing flexibility and reach.

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Funding

Total Funding

$105M

Above

Industry Average

Funded Over

3 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Parental Leave

Unlimited Paid Time Off

Mental Health Support

Company Equity

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

5%

2 year growth

10%
Business Wire
Jan 17th, 2025
Elroy Air Brings on Dr. Andrew Clare as CEO and Secures Additional Funding to Scale Business

Elroy Air, the market leader in middle-mile aerial autonomous logistics, today announced Dr. Andrew Clare as the new Chief Executive Officer to lead t

Stat Times
Jan 15th, 2025
Elroy Air appoints Andrew Clare as CEO, secures additional funding

Elroy Air has appointed Andrew Clare as the new Chief Executive Officer to lead the company in its next phase of scaling its hybrid-electric, vertical takeoff and landing (hVTOL) aircraft Chaparral.

Aviacionline
Jan 1st, 2025
FedEx plans to test autonomous electric drone cargo delivery with Elroy Air company

Elroy Air is a U.S.-based startup that is developing the Chaparral cargo drone, which has eight rotors that lift the aircraft vertically and four others that propel it forward, all powered by batteries.

Securities.io
Jun 6th, 2024
Top 10 Drones And Drone Warfare Stocks

Dangerous TimesSince we wrote our article “ Top 10 Aerospace and Defense Stocks “, international geopolitics have kept taking a turn for the worse.The Red Sea trade lanes are still mostly closed, the death toll of the conflict in Gaza is increasing, and tensions between Russia and NATO are still rising. Add to that the border conflict between Azerbaijan and Armenia, a possible Israel-Iran war, and mass protests over “foreign influence” in Georgia.“This may be the most dangerous time the world has seen in decades.” – Jamie Dimon, JPMorgan CEOMeanwhile, the trade war with China is escalating, with more sanctions on the Chinese semiconductor industry and quantum computing and 100% tariffs on Chinese cars. The question of a possible invasion of Taiwan at some point in the future remains.Overall, markets have so far ignored these mounting risks, preferring to focus on the AI boom. Some of the leading defense ETFs have barely gone up since 2019, pre-Ukraine war.Unmanned WarfareThe armed conflicts in Israel-Palestine, the Caucasus Mountains, the Red Sea, and Ukraine have demonstrated a very quickly changing method of warfare. Drones, both flying and on tracks, are increasingly taking over the role previously given to traditional weapons like artillery, tanks, missiles, warplanes, etc.The victory might go toward who innovates and disrupts traditional warfare the fastest, with cheap drones and ammunition outperforming on a cost basis more advanced legacy systems.For example, the recent attack by Iranian drones on Israel is estimated to have cost Iran around $50M-$100M. And consumed $1B to $1.5B worth of air defense systems .Therefore, innovative drone makers, or defense companies able to counter drones in a cost-efficient manner might become the new defense giants of tomorrow.And with the rivalry between great powers getting hotter, at the same time that traditional military systems might fail, defense spending will likely rise globally, correcting a trend of decline since the 1990s.We saw during the two years of the war in Ukraine both sides started by using civilian drones, like commercial small quadcopters, to progressively switch to custom design and military platforms.It is almost certain that military leaders all over the world are carefully studying this development

Sea Power Magazine
May 14th, 2024
Leidos and Elroy Air to Demonstrate Autonomous Aerial Resupply Drone for U.S. Marine Corps

"Leidos is pleased to team with Elroy Air to bring this critical capability to the warfighter," said Tim Freeman, Leidos senior vice president and Airborne Systems business area manager.

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