Elroy Air Upsizes PIPE to $175 Million, Lockheed Martin Ventures Joins
Elroy Air raised its PIPE investments to $175 million with Lockheed Martin Ventures participating, deepening capital for its autonomous VTOL cargo aircraft program.
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Elroy Air raised its PIPE investments to $175 million with Lockheed Martin Ventures participating, deepening capital for its autonomous VTOL cargo aircraft program.
Elroy Air will list on Nasdaq through a SPAC merger valuing the autonomous cargo drone startup at about $1 billion, Reuters repor…