What is skyTran?
Headquartered at the NASA Ames Research Center near Mountain View, California, skyTran is pioneering a patented, high-speed, low-cost, elevated Personal Rapid Transportation (PRT) system. The network utilizes computer-controlled, 2-person vehicles powered by proprietary SkyTran Magnetic Levitation (STML) technology, offering a fast, safe, green, and economical mode of transport. Leveraging its unique relationship with NASA, skyTran integrates advanced space technologies and expertise into its core competencies to advance urban mobility solutions.
How much funding has skyTran raised?
skyTran has raised a total of $30M across 1 funding round:
Series B
$30M
Series B (2016): $30M with participation from Innovation Endeavors
Key Investors in skyTran
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm that invests in visionary founders, transformational technologies and emergent ecosystems. The firm's central investment thesis, the Super Evolution, combines data, leading-edge computation, and advanced engineering to transform industries, from agriculture and logistics to life sciences, transportation and more.
What's next for skyTran?
The recent major strategic investment signals a critical phase for skyTran, likely focused on scaling its operations and further developing its unique magnetic levitation transit technology. With a foundation built on NASA's advanced capabilities, the company is positioned to address the growing demand for efficient and sustainable urban transportation. Future growth will likely involve expanding pilot programs, securing regulatory approvals, and forging partnerships to deploy its PRT network in key metropolitan areas, aiming to revolutionize personal transit.
See full skyTran company page
