Latest Elroy Air news, funding rounds and robotics & AI coverage. 3 articles tracked by The Robotics Media.
Elroy Air, founded in 2016 and headquartered in San Francisco, California, develops autonomous vertical take-off and landing (VTOL) cargo aircraft that use a hybrid-electric powertrain to move heavy freight without runways. Its flagship Chaparral drone lifts more than 500 lb of cargo over routes up to 450 miles using interchangeable pods, targeting defense logistics, disaster response and commercial express delivery. The company announced plans in June 2026 to go public via a SPAC merger with Columbus Circle Capital Corp II at roughly a $1 billion enterprise value.