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Cargo and logistics

Reliable Robotics reports latest investment round pushes company’s valuation above USD1 billion

Reliable Robotics today announced it has raised USD115 million in new capital, upsizing its previously-announced USD160 million Series D round due to increased investor demand. “The investment, which includes a USD25 million term loan from […]

Cargo and logistics

Elroy Air increases PIPE investments to USD175 million with participation from Lockheed Martin Ventures

Elroy Air has announced that it has expanded its previously-disclosed private investment in public equity (PIPE) commitments, increasing the total to USD175 million. Existing investors including Lockheed Martin Ventures and Inflection Point participated and USD75 […]

Cargo and logistics

Skyways to deploy autonomous cargo drones with DSV to the North Sea energy industry

Skyways, a developer of long-range autonomous uncrewed aircraft systems, today announced a commercial logistics partnership with DSV to provide aircraft in support of offshore energy operations. “The partnership establishes Skyways’ UAS as a key flight […]

Cargo and logistics

Textron and Merlin develop autonomous Cessna SkyCourier UX concept for military transport missions

Textron Aviation and Merlin have introduced a concept Cessna SkyCourier UX™ aircraft that combines Textron Aviation’s Cessna SkyCourier platform with Merlin’s aircraft-agnostic software solution for autonomous aviation. The concept explores a new cost-efficient and scalable […]