Elroy Air has appointed Andrew Clare as its new CEO to lead the development of the Chaparral, a hybrid-electric hVTOL aircraft designed to transport 300 pounds over 300 miles. The company has secured additional funding from investors including Marlinspike Partners and Lockheed Martin Ventures, signaling strong market demand. Clare emphasized the growing opportunities in autonomous aircraft, highlighting advancements in technology and supply chains, as well as increasing regulatory support. Former CEO David Merrill will transition to Executive Chairman.

Source: https://www.stattimes.com/air-cargo/elroy-air-appoints-andrew-clare-as-ceo-secures-additional-funding-1354231