Elroy Air
PrivateLast Round
PIPE
Jun 26, 2026
Est. Valuation
$975M
Total Funding Raised
$104.4M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Elroy Air operates in Mobility, Transportation & Logistics and is based in Byron, California. Its latest recorded funding round was a VC Round in October 2024.
Elroy Air is an aerospace company that develops autonomous vertical-takeoff-and-landing (VTOL) aircraft for middle-mile logistics in commercial shipping, defense, and humanitarian aid.
Sector
Mobility, Transportation & Logistics
Verticals
Aviation & Drones, Drones & UAVs, Defense Tech, Autonomous Vehicles, Supply Chain
Business Model
B2B
Customer Profile
Hardware Sales, Government Contracts, Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Elroy Air Comparables
Compare Elroy Air with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Natilus | 84% | |
| Kaman Corporation | 83% | |
| Sabrewing Aircraft Company | 82% |
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Elroy Air Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| PIPE | Jun 26, 2026 | ||||
| VC Round | Oct 1, 2024 | ||||
| Series B | Feb 6, 2024 | ||||
| Grant | Jan 26, 2022 | ||||
| Series A | Aug 3, 2021 | ||||
Seed | Feb 13, 2019 |
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Key People
Founding team and executive leadership
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Elroy Air Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| 122 West Ventures | Seed |
| Viento Ventures | Series A |
| Marlinspike Partners | PIPE, Series A, VC Round |
| Levitate Capital | VC Round, Series A, Seed |
| Milano Investment Partners | VC Round |
| TenOneTen Ventures | Series A |
| Lemnos | Seed |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Aug 21, 2026
Monthly visitors grew 55% MoM, reaching 9.9K.
- Jul 25, 2026
Monthly visitors grew 67% MoM, reaching 6.4K.
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Recent news
Latest coverage and updates
- receives_financingNov 5, 2026
Elroy Air secures approximately $175 million in financing commitments for the business combination, including $75 million in funded pre-PIPE financing and $100M in PIPE financing expected to fund at closing in Dec '26; Lockheed Martin Ventures and Inflection Point participate in the pre-PIPE financing.
- receives_financingNov 5, 2026
Elroy Air receives $75M in funded pre-PIPE financing by Nov 5th '26 as part of approximately $175M in total commitments for its business combination, with existing investors including Lockheed Martin Ventures and Inflection Point participating and a $100M PIPE expected to fund at closing.
- receives_financingOct 5, 2026
Elroy Air secures $175M in total financing commitments tied to the business combination, comprising $75M in funded pre-PIPE financing and a $100M PIPE expected to fund at closing, with Lockheed Martin Ventures and Inflection Point participating and the funds supporting accelerated Chaparral production.
- has_valuationAug 28, 2026
In Jun '26, Elroy Air announces a definitive business combination agreement in California that values it at roughly $800M pre-money, or close to $1B when the deal closes, which is expected in Q4 '26.
- is_developingAug 25, 2026
Elroy Air is developing Chaparral primarily for commercial deliveries, while the dual-use aircraft supports military cargo transport and humanitarian aid in locations without typical runways; Elroy Air plans to produce it in the United States with Kratos Defense & Security Solutions.
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Elroy Air Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Elroy Air's valuation, stock price, and market status.
Is Elroy Air a public or private company?
Elroy Air is a private company.
What is the current stock price of Elroy Air?
Elroy Air is a private company, so its shares have no public market price. Caplight tracks Elroy Air's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Elroy Air worth (valuation)?
Elroy Air's valuation is estimated at $975.0M based on funding round data.
Can I buy Elroy Air stock?
Elroy Air shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Elroy Air's last funding round?
Elroy Air's most recent funding round was PIPE on June 26, 2026.
Who are the main investors in Elroy Air?
Key investors in Elroy Air include Marlinspike Partners, Levitate Capital, Lockheed Martin Ventures, Haystack, Inflection Point Acquisition Corp..
Will Elroy Air IPO soon?
No public IPO plans have been announced for Elroy Air.
How can I track Elroy Air secondary market activity?
Caplight tracks bids, offers, and trades in Elroy Air's shares on secondary markets.