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Irvine-based developer of a magnetically levitated personal rapid transit system using two-person electric vehicles.
SkyTran Inc. develops a personal rapid transit system in which two-person electric vehicles travel on magnetic levitation along a network of interconnected support poles, with on-demand arrival instead of scheduled stops. The company has test tracks in California and Texas and plans to break ground on its first commercial project. Founded in 2011 and based in California, US, it received an undisclosed amount from returning investor Reliance Industries in April 2020, and Reliance Industries Limited acquired a stake for USD 26.76 million in March 2021. It is listed at the Series A stage.
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