San Francisco-based Elroy Air has raised $9.2m in seed funding to develop delivery drones designed to carry heavy cargo loads. The investment came from a combination of new and existing partners, including Catapult Ventures, Precursor Ventures, Lemnos and Haystack. “Drone deliveries are the next big thing for us,” said CEO David LeFevre. The device is capable of transporting cargoes of up to 500 lbs at a flying range of 482 km.
San Francisco-based Elroy Air has raised $9.2m in seed funding to develop delivery drones designed to carry heavy cargo loads. The investment came from a combination of new and existing partners, including Catapult Ventures, Precursor Ventures, Lemnos and Haystack. The company aims to begin real-world testing of its Elroy Air Chaparral drone this year. The device is capable of transporting cargoes of up to 500 lbs at a flying range of 482 km.