LCI’s order of up to 40 Elroy cargo drones lifts total book value to over $2 billion

Bruce Crumley -
CargoautomationElroy Air
LCI Elroy cargo drone

Cargo drone developer Elroy Air says it has secured the purchase at least 20 of its Chaparral autonomous planes from aircraft and helicopter leasing company LCI, raising the total value of its order book to over $2 billion, according to the company.

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Cargo drone maker Elroy Air wins helicopter industry giant Bristow as client

Ishveena Singh -
Drone DeliveryElroy Air

San Francisco-based Elroy Air says it expects to deliver 100 autonomous cargo drones to Bristow, a leading provider of helicopter transportation to oil and gas customers, search and rescue (SAR), and aircraft support solutions to government and civil organizations.

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FedEx to test middle-mile autonomous cargo drone delivery next year

Ishveena Singh -
Drone DeliveryElroy AirFedex

FedEx says it is joining forces with California-based eVTOL cargo drone manufacturer Elroy Air to explore autonomous solutions within its middle-mile delivery operations. As part of this agreement, FedEx subsidiary FedEx Express will begin testing Elroy Air’s recently announced Chaparral cargo drone in 2023.

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Elroy Air raises $4.6 million for cargo delivery drone

Haye Kesteloo -
Drone DeliveryElroy Air

Elroy Air, a San Francisco, California-based cargo drone start-up company announced that is has raised $4.6 million in funding. The cargo drones, Elroy Air is planning to produce, will be capable of transporting up to 150 pounds of cargo for up to 300 miles. Most of the funding came from Levitate Capital, Homebrew, Shasta Ventures, and Lemnos, according to Quartz.

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