Barq Group, a smart mobility and logistics solutions provider in the MENA region, and Elroy Air, a US-based developer of autonomous aerial systems for middle-mile logistics, have announced the signing of an agreement.
This collaboration between the parties establishes the framework for a joint venture (JV) that will invest $200 million to build a state-of-the-art manufacturing facility in Abu Dhabi to produce the Chaparral, an autonomous hybrid-electric vertical take-off and landing (VTOL) cargo UAS.
This production facility will supply Chaparral systems to commercial and humanitarian customers in the Middle East and North Africa (MENA) region upon receipt of all necessary approvals. [Read more…] about Barq Group and Elroy Air to establish $200 million joint venture in Abu Dhabi to manufacture autonomous aircraft
