Elroy Air secures fresh funding to scale Chaparral drone production

T2Covered by 1 source · first reported by DroneDJ / DroneLife / sUAS News / DroneXL at 28 Sept, 19:32 UTC

Elroy Air is getting a much bigger financial runway as it prepares to turn its autonomous cargo drone into a production aircraft. The California-based company has expanded its previously announced private investment in public equity (PIPE) commitments to $175 million, with existing backers…