Elroy Air Overview
- Year Founded
-
2016
- Status
-
Private
- Employees
-
53
- Latest Deal Type
-
PIPE
- (Announced)
- Latest Deal Amount
-
$175M
- Investors
-
46
Elroy Air General Information
Description
Elroy Air Inc develops autonomous cargo aircraft designed to deliver critical supplies to locations that may be difficult, unsafe, or uneconomic to serve using existing logistics networks. The Company specializes in hybrid-electric architecture which offers long-range operations and fast turnaround without charging infrastructure. It is developing these systems for defense and commercial logistics applications, including middle-mile cargo transportation.
Contact Information
Website
www.elroyair.comCorporate Office
- 550 Eagle Court
- Suite 440
- Byron, CA 94514
- United States
Corporate Office
- 550 Eagle Court
- Suite 440
- Byron, CA 94514
- United States
Elroy Air Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 15. PIPE | 26-Jun-2026 | $175M | Announced | Generating Revenue | ||
| 14. Reverse Merger | 26-Jun-2026 | Announced | Generating Revenue | |||
| 13. Later Stage VC | Completed | Generating Revenue | ||||
| 12. Later Stage VC | 15-Nov-2024 | Completed | Generating Revenue | |||
| 11. Later Stage VC (Series AAA) | 05-Feb-2024 | Completed | Generating Revenue | |||
| 10. Secondary Transaction - Private | 01-Jan-2023 | Completed | Generating Revenue | |||
| 9. Later Stage VC (Series AA) | 05-Oct-2022 | Completed | Generating Revenue | |||
| 8. Secondary Transaction - Private | 10-May-2022 | Completed | Generating Revenue | |||
| 7. Grant | 01-Jan-2022 | $1.7M | $17.2M | Completed | Generating Revenue | |
| 6. Debt - PPP | 29-Jun-2020 | $402K | $17.2M | Completed | Generating Revenue |
Elroy Air Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series AAA-1 | ||||||||
| Series AAA | ||||||||
| Series AA-3 | ||||||||
| Series AA-2 | ||||||||
| Series AA-1 | ||||||||
| Series AA | ||||||||
| Series A2 | ||||||||
| Series A1 | ||||||||
| Seed-3 | 1,115,359 | $0.000100 | $1.88 | $1.88 | 1x | $1.88 | 2.37% | |
| Seed-2 | 473,624 | $0.000100 | $1.69 | $1.69 | 1x | $1.69 | 1.01% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Elroy Air Comparisons
Industry
Financing
Details
Elroy Air Competitors (15)
One of Elroy Air’s 15 competitors is Matternet, a Formerly VC-backed company based in Mountain View, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Matternet | Formerly VC-backed | Mountain View, CA | ||||
| AeroVironment | Corporation | Arlington, VA | ||||
| MightyFly | Venture Capital-Backed | San Leandro, CA | ||||
| Wing | Venture Capital-Backed | Palo Alto, CA | ||||
| Advanced Aircraft Company | Venture Capital-Backed | Hampton, VA |
Elroy Air Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Elroy Air Patents
Elroy Air Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20250296691-A1 | Power management system for uav hybrid powerplant | Pending | 19-Mar-2024 | ||
| US-20250282490-A1 | Autonomous latching system | Pending | 12-Feb-2024 | ||
| US-11724816-B2 | Hybrid evtol power system | Active | 29-Jul-2021 | ||
| US-20230034316-A1 | Hybrid evtol power system | Active | 29-Jul-2021 | ||
| US-D966148-S1 | Transportable unmanned cargo delivery aircraft | Active | 08-Feb-2021 |
Elroy Air Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Elroy Air Investors (46)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Gaingels | Venture Capital | Minority | ||
| Makai VC | Venture Capital | Minority | ||
| New Vista Capital | PE/Buyout | Minority | ||
| Tyrian Ventures | Venture Capital | Minority | ||
| Assured Asset Management | Asset Manager | Minority |
Elroy Air Acquisitions (1)
Elroy Air’s most recent deal was a Merger/Acquisition with Inflection Point Acquisition VII. The deal was made on 26-Jun-2026.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Inflection Point Acquisition VII | 26-Jun-2026 | Merger/Acquisition | Special Purpose Acquisition Company (SPAC) |
Elroy Air FAQs
-
When was Elroy Air founded?
Elroy Air was founded in 2016.
-
Where is Elroy Air headquartered?
Elroy Air is headquartered in Byron, CA.
-
What is the size of Elroy Air?
Elroy Air has 53 total employees.
-
What industry is Elroy Air in?
Elroy Air’s primary industry is Aerospace and Defense.
-
Is Elroy Air a private or public company?
Elroy Air is a Private company.
-
What is Elroy Air’s current revenue?
The current revenue for Elroy Air is .
-
How much funding has Elroy Air raised over time?
Elroy Air has raised $106M.
-
Who are Elroy Air’s investors?
Gaingels, Makai VC, New Vista Capital, Tyrian Ventures, and Assured Asset Management are 5 of 46 investors who have invested in Elroy Air.
-
Who are Elroy Air’s competitors?
Matternet, AeroVironment, MightyFly, Wing, and Advanced Aircraft Company are some of the 15 competitors of Elroy Air.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read more -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process
