Elroy Air Chaparral

Elroy Air achieves industry-first flight of turbogenerator-hybrid hVTOL aircraft

Retrieved on: 
Thursday, November 16, 2023

The Chaparral took flight on November 12 from Byron Airport, where the Elroy Air Team runs flight test operations.

Key Points: 
  • The Chaparral took flight on November 12 from Byron Airport, where the Elroy Air Team runs flight test operations.
  • It’s very encouraging.”
    To develop and bring the world’s first hVTOL air vehicle into flight test, the Elroy Air team overcame substantial technology challenges in electrical power management and structural vibration.
  • The company’s intellectual property and deep accumulated technical experience positions Elroy Air at the forefront of hVTOL aircraft development.
  • “The team at Elroy Air has achieved an exciting milestone with the first flight of their Chaparral aircraft,” said Dr. Mark Esper, 27th US Secretary of Defense and Elroy Air Board Member.

Elroy Air demonstrates autonomous cargo delivery systems for Air Mobility Command and AFWERX

Retrieved on: 
Thursday, October 12, 2023

Elroy Air, the company developing an end-to-end autonomous vertical take-off and landing (VTOL) cargo system, recently demonstrated its autonomous cargo delivery system at Travis Air Force Base.

Key Points: 
  • Elroy Air, the company developing an end-to-end autonomous vertical take-off and landing (VTOL) cargo system, recently demonstrated its autonomous cargo delivery system at Travis Air Force Base.
  • The demonstration was part of Mobility Guardian 2023, a large Air Mobility Command (AMC) full-spectrum readiness exercise.
  • Elroy Air stands poised to contribute to this mission and supported the 2023 exercise by showcasing its groundbreaking autonomous cargo delivery technology, broadening the realm of the possible for military logistics.
  • “We’re honored to be a part of Mobility Guardian 2023 and to have the opportunity to demonstrate our autonomous cargo delivery systems at Travis Air Force Base," said Dave Merrill, Co-founder and CEO of Elroy Air.

Elroy Air Announces Defense Advisory Board

Retrieved on: 
Thursday, August 24, 2023

Elroy Air currently has three active contracts with the U.S. Air Force and a Cooperative Research & Development Agreement with U.S. Special Operations Command.

Key Points: 
  • Elroy Air currently has three active contracts with the U.S. Air Force and a Cooperative Research & Development Agreement with U.S. Special Operations Command.
  • Their involvement will support Elroy Air’s navigation of the U.S. government and defense acquisitions, enabling Elroy Air to forge additional business partnerships and secure substantial opportunities.
  • “I have been tracking Elroy Air for some time, and am enthusiastic to join the Defense Advisory Board.
  • I'm thrilled to join Dave and Clint as part of the Defense Advisory Board to help Elroy Air scale and bring Chaparral to the world.”
    General Richard D. Clarke served as the 12th Commander of U.S. Special Operations Command (USSOCOM) headquartered at MacDill Air Force Base, FL.

Elroy Air Expands Executive Leadership

Retrieved on: 
Tuesday, July 18, 2023

Elroy Air, the company developing the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, has announced that it has expanded its executive leadership to include Alex Blake as Chief of Staff and Zach Lovering as Vice President of Engineering.

Key Points: 
  • Elroy Air, the company developing the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, has announced that it has expanded its executive leadership to include Alex Blake as Chief of Staff and Zach Lovering as Vice President of Engineering.
  • View the full release here: https://www.businesswire.com/news/home/20230718790786/en/
    Elroy Air Chief of Staff Alex Blake (Photo: Business Wire)
    Alex Blake, uncrewed aerospace executive from Wing (formerly Google X), Amazon Prime Air, and Kittyhawk joins Elroy Air as Chief of Staff
    “Alex’s many years of experience in moving new aerospace concepts from idea to proof-of-concept to operational reality brings an incredible set of strengths to our organization.
  • “Even before joining Elroy Air, I was impressed by their approach to tackling logistics challenges,” said Lovering.
  • I am excited to merge my decade-long experience in eVTOL system design with that of the highly capable Elroy Air team to accelerate development and productization.”
    In his role, Lovering is focused on growing the Engineering function at Elroy Air with a focus on its Powertrain, Autonomy, Integration, and Flight Testing teams.

Libra Group Announces Praveen Vetrivel as Chief Financial Officer

Retrieved on: 
Wednesday, March 1, 2023

NEW YORK, March 1, 2023 /PRNewswire/ -- Libra Group, a privately-owned international business group whose subsidiaries own and operate assets in nearly 60 countries, announced the appointment of Praveen Vetrivel as its new Chief Financial Officer (CFO), effective April 25, 2023. He will be based in the Group's New York City headquarters.

Key Points: 
  • NEW YORK, March 1, 2023 /PRNewswire/ -- Libra Group, a privately-owned international business group whose subsidiaries own and operate assets in nearly 60 countries, announced the appointment of Praveen Vetrivel as its new Chief Financial Officer (CFO), effective April 25, 2023.
  • Vetrivel is a veteran of Libra Group, having started at LCI, the Group's aviation subsidiary, as a Commercial Analyst in 2008.
  • Over the years, Vetrivel rose through the ranks, first becoming Vice President of Structured Finance in 2013 and eventually becoming LCI's Chief Financial Officer in 2020.
  • "Praveen's promotion to Libra Group represents the ethos across our Group to identify and create opportunities for deserving talent.

Libra Group Announces Praveen Vetrivel as Chief Financial Officer

Retrieved on: 
Wednesday, March 1, 2023

NEW YORK, March 1, 2023 /PRNewswire/ -- Libra Group, a privately-owned international business group whose subsidiaries own and operate assets in nearly 60 countries, announced the appointment of Praveen Vetrivel as its new Chief Financial Officer (CFO), effective April 25, 2023. He will be based in the Group's New York City headquarters.

Key Points: 
  • NEW YORK, March 1, 2023 /PRNewswire/ -- Libra Group, a privately-owned international business group whose subsidiaries own and operate assets in nearly 60 countries, announced the appointment of Praveen Vetrivel as its new Chief Financial Officer (CFO), effective April 25, 2023.
  • Vetrivel is a veteran of Libra Group, having started at LCI, the Group's aviation subsidiary, as a Commercial Analyst in 2008.
  • Over the years, Vetrivel rose through the ranks, first becoming Vice President of Structured Finance in 2013 and eventually becoming LCI's Chief Financial Officer in 2020.
  • "Praveen's promotion to Libra Group represents the ethos across our Group to identify and create opportunities for deserving talent.

LCI SIGNS AGREEMENT WITH ELROY AIR FOR A COMMITTED ORDER OF UP TO 40 CHAPARRAL VTOL AIRCRAFT

Retrieved on: 
Wednesday, January 11, 2023

Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units.

Key Points: 
  • Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units.
  • The VTOL aircraft are currently under development at Elroy Air's facility in South San Francisco, California.
  • "Through our agreement with LCI, the Chaparral will be available for financing - enabling much broader access to the aircraft.
  • The new VTOL aircraft will complement LCI's existing fleet of modern helicopters and fixed wing aircraft.

LCI SIGNS AGREEMENT WITH ELROY AIR FOR A COMMITTED ORDER OF UP TO 40 CHAPARRAL VTOL AIRCRAFT

Retrieved on: 
Wednesday, January 11, 2023

Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units.

Key Points: 
  • Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units.
  • The VTOL aircraft are currently under development at Elroy Air's facility in South San Francisco, California.
  • "Through our agreement with LCI, the Chaparral will be available for financing - enabling much broader access to the aircraft.
  • The new VTOL aircraft will complement LCI's existing fleet of modern helicopters and fixed wing aircraft.

FedEx Plans to Test Autonomous Drone Cargo Delivery with Elroy Air

Retrieved on: 
Wednesday, March 30, 2022

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the worlds largest express transportation company, is teaming up with California Bay Area-based Elroy Air, the company building the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system.

Key Points: 
  • FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the worlds largest express transportation company, is teaming up with California Bay Area-based Elroy Air, the company building the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system.
  • As a first of its kind agreement in the U.S., FedEx Express will develop plans to test Elroy Airs Chaparral autonomous air cargo system within the companys middle-mile logistics operations, moving shipments between sortation locations.
  • FedEx and Elroy Air have been working together since January 2020 and will continue their collaboration to pursue certifications and begin flight testing in 2023.
  • Elroy Air is developing industry-first autonomous aircraft systems and software to expand the reach of express shipping to every person on the planet.

Elroy Air Unveils Its Chaparral, a First-of-its-kind, Autonomous, Hybrid-electric VTOL Cargo Aircraft

Retrieved on: 
Wednesday, January 26, 2022

Elroy Air, the company developing the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, unveiled its pre-production Chaparral aircraft today.

Key Points: 
  • Elroy Air, the company developing the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, unveiled its pre-production Chaparral aircraft today.
  • The company has secured agreements for more than 500 aircraft from commercial, defense and humanitarian customers amounting to more than $1 billion in aircraft demand.
  • Elroy Air has developed lightweight, aerodynamic modular cargo pods that can be pre-loaded by ground personnel and picked up by the aircraft before takeoff.
  • Elroy Air is developing industry-first autonomous aircraft systems and software to expand the reach of express shipping to every person on the planet.