About Elroy Air
Elroy Air is a Transportation, Automotive & Logistics company based in San Francisco (United States) founded in 2016 by Clint Cope and David Merrill. Autonomous aircraft systems are developed for cargo delivery operations. It operates in the Transportation, Automotive & Logistics and Aerospace, Defense & Maritime sectors. Elroy Air has raised $116.15 million across 6 funding rounds from investors including Lemnos, Catapult Ventures and DiamondStream Partners. The company has 24 employees. Its chief executive, as recorded, is David Merrill. Its focus areas include Consumer, Logistics Tech, Parcel and Autonomous Robots. Its competitors include Joby Aviation, Zipline and Wisk; 3 of its 3 listed competitors have raised funding.
Company details
Elroy Air was founded in 2016 in San Francisco, United States, within the aerospace and logistics sector. Autonomous aircraft systems for cargo delivery are engineered, including a prototype with rotor-based vertical takeoff and landing, fixed-wing cruise capabilities, and a hybrid powertrain. Operations emphasize route optimization, fuel efficiency improvements, and logistics enhancements in urban environments, with features supporting accurate and safe deliveries.
- Headquarters San Francisco, United States
- Employees 24
- Founders Clint Cope, David Merrill
- SectorsTransportation, Automotive & LogisticsAerospace, Defense & Maritime
- Email••••••••
- Website elroyair.com
- Social LinkedIn X Facebook
- Legal Name Elroy Air
- Total Equity Funding$116.15M (USD)
in 6 rounds
- Latest Funding Round$6.64M (USD), Series B
Oct 2024
- InvestorsLemnos
& 16 more
- Employee Count24
Funding Insights of Elroy Air
Elroy Air has successfully raised a total of $116.15M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $6.64 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $116.15M
- Total Rounds 6
- Last Round Series B — $6.64M
- First Round $4.6M
(Dec 2017)
- Investors Count 17
All 6 funding rounds of Elroy Air with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $6.64M | Series B | – | – | – |
| Jan 2024 | $48.93M | Series B | – | – | – |
| Aug 2021 | $40M | Series A | – | – | |
| Apr 2020 | $6.78M | Seed | – | – | – |
| Feb 2019 | $9.2M | Seed | – | Precursor Ventures, Lemnos | |
| Dec 2017 | $4.6M | Seed | – | Levitate Capital |
17 investors in total: 17 institutional.
Investors in Elroy Air
Elroy Air has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Lemnos, Catapult Ventures and DiamondStream Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are made in technology-driven startups by Catapult Ventures. | catapult.vc | Silicon Valley, United States | ||
DiamondStream Partners is focused on investing in mobility transformation companies. | diamondstream.com | Seattle, United States | ||
Investment services are provided in technology-focused venture capital and public securities. | 2022 | sxsmgmt.com | ||
Venture capital investments in pre-seed and seed stages, focusing on founders. | precursorvc.com | |||
Shield Capital is focused on investing in early-stage technology companies. | shieldcap.com | |||
Venture capital fund focused on enterprise tech, fintech, deep tech, AI, B2B, B2C, and medtech companies | prosperity7vc.com | Dhahran, Saudi Arabia | ||
Venture capital is invested in climate tech startups and entrepreneurs. | climatecapital.co | San Francisco, United States | ||
Pre-seed to early-stage US companies are invested in by Lemnos. | 2011 | lemnos.vc | San Francisco, United States | |
Multiple-stage venture capital investments are managed by Haystack. | haystack.vc | Menlo Park, United States | ||
Tech focused early stage venture capital firm investing in the US | 122west.vc | San Francisco, United States |
Investor details for Elroy Air
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People of Elroy Air
18 people are tracked at Elroy Air (8 in leadership, 10 in team); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
Clint Cope | Co-Founder | Leadership |
David Merrill | Co-Founder & CEO | Leadership |
Alvin Oswandy | Head Of Strategic Finance | Leadership |
Igor Salva | Director Of Aircraft Integration And Test | Leadership |
Armie Duterte | Director of Financial Planning and Analysis | Leadership |
Buddy Michini | CTO | Leadership |
Rachelle Guzal | Director Digital Systems | Leadership |
Jon Reeves | Director of Software Engineering | Leadership |
Fernando Rubio | Lead - High Voltage Battery Design Engineer | Team |
Matt Burke | Senior Mechanical Engineer | Team |
Pablo Menendez-Aponte | Flight Controls Engineer | Team |
Parijaat Malik | Mechanical Engineer - Vehicle Subsystems | Team |
Rick Flaget | Lead Flight Software Engineer | Team |
Sheila (Evans) DeVerter | Lead Systems Engineer - Program | Team |
Shivani Torres | Investor | Team |
Kevin Hayes | Composites Technician | Team |
Martin Shetty | Embedded Software Engineer | Team |
Amy Hua L. | Staff Technical Program Manager | Team |
Complete people profiles for Elroy Air
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Elroy Air
3 dated milestones of Elroy Air across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Elroy Air is founded.
- Funding First funding round of $4.6M.
- Funding Latest funding round, Series B, of $6.6M.
Competitors of Elroy Air
Elroy Air has 3 listed competitors in our database, 3 of them funded. They include Joby Aviation, Zipline and Wisk.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jobyaviation.com | 2009 | Santa Cruz, United States | $690M | 1,777 | Joby Aviation is focused on electric aerial ridesharing solutions. | |
| flyzipline.com | 2011 | San Francisco, United States | $1.63B | 496 | Drones are operated for on-demand delivery of medical supplies. | |
| wisk.aero | 2019 | Mountain View, United States | $450M | 288 | Autonomous electric eVTOL vehicles are developed for passenger air transport. |
Detailed competitors of Elroy Air
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Elroy Air
The website of Elroy Air (elroyair.com) receives about 5.9K visits a month.
- Monthly visits5.9K
▲ 17.9% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Elroy Air (Electric & Green Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 | ||
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 |
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Frequently Asked Questions about Elroy Air
Elroy Air was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Elroy Air is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
David Merrill is the CEO of Elroy Air, as recorded in our data. They have also founded this company.
Elroy Air is a funded company, having raised a total of $116.15M across 6 funding rounds to date. The company's 1st funding round was a Seed of $4.6M, raised on Dec 2017.
Elroy Air has 24 employees.
Elroy Air was founded in 2016 in San Francisco, United States, within the aerospace and logistics sector. Autonomous aircraft systems for cargo delivery are engineered, including a prototype with rotor-based vertical takeoff and landing, fixed-wing cruise capabilities, and a hybrid powertrain. Operations emphasize route optimization, fuel efficiency improvements, and logistics enhancements in urban environments, with features supporting accurate and safe deliveries.
Elroy Air's top competitors include Zipline, Wisk and Joby Aviation.
Elroy Air has 17 investors. Key investors include Lemnos, Catapult Ventures, DiamondStream Partners, Side X Side, and Precursor Ventures.
Elroy Air operates through Elroy Air.