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ELROY AIR INC

San Francisco, CA · Founded 2016 · Aerospace · Private

Autonomous heavy-cargo drones for delivery operations

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Updated · elroyair.com

Sector
Aerospace
Headquarters
San Francisco, CA
Founded
2016
Latest Form D
$6.6M, Nov 2024
Total capital
$97.8M
Federal grants
$3.7M
3 awards · 2019–2025
Rank in peer group#59 of 89
Private capital raised
$94.1M
4 Form D · last Nov 2024
23 months since last filing
Federal contracts
None on recordNo federal contract awards found.
Granted patents
16
10 pending · first 2019
Rank in peer group#7 of 89

Capital timeline

2019202020212022202320242025FEDERAL ↑EQUITY ↓Cumulative $97.8M$1.6M$235K$1.9M1st Form D$6.8M2nd Form D$31.7M3rd Form D$48.9M4th Form D$6.6M
2019202120232025FEDERAL ↑EQUITY ↓Cumulative $97.8M$1.6M$235K$1.9M1st Form D$6.8M3rd Form D$48.9M

Latest events

  • Federal grantDefense · Phase II · Small Business Innovation Research (SBIR) Phase II, Topic A234-P017, Xtechsbir Autonomy Finalist Open Topic Competition$1.9M
  • Private capital raisedForm D · SEC · 4th filing$6.6M
  • Federal grantDefense · Phase I · Small Business Innovation Research (SBIR) Phase I. Topic A234-017, Xtechsbir Autonomy.$235K
  • Private capital raisedForm D · SEC · 3rd filing$48.9M
  • Private capital raisedForm D · SEC · 2nd filing$31.7M
  • Private capital raisedForm D · SEC · 1st filing$6.8M
  • Federal grantDefense · Phase II · Direct to Phase II Open Topic: Open Call for Innovative Defense-Related Dual-Purpose Technologies/Solutions with a Clear Air Force Stakeholder Need$1.6M

Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.

Federal first

8months

from ELROY AIR INC’s first federal award to its first private round.

First federal award · Aug 2019
Defense · $1.6M
First Form D · Apr 2020
$6.8M · 1st Form D
Awards before first raise
1 award

An association in public records, not a cause or a prediction.

Standing among 89 peers

Line = median

Aerospace · System

  • Federal grantsBelow median
  • Granted patents#7 · top 8%

Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.

Founders and team

Researcher links verified by same-company patents and grants
  • David MerrillResearcherExecutive Officer, DirectorLinked by 5 patents · $1.6M in grants as PI
  • Clinton CopeExecutive Officer, DirectorNamed in SEC Form D filings
  • Darren LiccardoDirectorNamed in SEC Form D filings
  • Grant NewmanExecutive OfficerNamed in SEC Form D filings
  • Mark EsperDirectorNamed in SEC Form D filings
  • Mislav TolusicDirectorNamed in SEC Form D filings
Show all 7 people
  • Raj T. ShahDirectorNamed in SEC Form D filings

What it has protected

USPTO · 16 granted of 26
  • PendingPower Management System For UAV Hybrid PowerplantUSPTOApplication 19082713
  • PendingAutonomous Latching SystemUSPTOApplication 19049331
  • GrantedModular Aerodynamic Cargo EncasementUSPTOUS 12,091,229
Show all 26 patent records

Related companies, and why

  • Upshot Ventures, LLCSimilar federal contract value in Aerospace · null in contracts
  • HadrianSimilar federal contract value in Aerospace · null in contracts
  • Satellite VuSimilar federal contract value in Aerospace · null in contracts
  • HYPRES INCSimilar federal contract value in Aerospace · null in contracts
  • EMERGING FUTURES LLCSimilar federal contract value in Aerospace · null in contracts
  • eSat Global IncSimilar federal contract value in Aerospace · null in contracts

Regulatory activity · Aerospace

Sector-level, not company-level

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.

Sources

Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.

How to read this page

Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.

Data freshness

SEC Form D filings through . SBIR and STTR awards through .