# SkyTran

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skytran

- Industry: Transportation Services
- Headquarters: Irvine, US
- Website: www.skytran.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Aug 21, 2015)
- Investors on record: 1

## About

Founded in 2011 and based in California, US, SkyTran Inc. is a developer of a personal rapid transit (PRT) system. In April 2020, SkyTran Inc. raised an undisclosed amount of venture funding from returning investor Reliance Industries, and in March 2021, Reliance Industries Limited acquired a stake in SkyTran Inc. for USD 26.76 million. 

SkyTran has a patented personal rapid transit system in which a jet-like electric vehicle with enough space to accommodate two people are used to travel in a network of interconnected support poles made with concrete foundations by implementing magnetic levitation technology for zero-emission transport. The company plans to create a traffic-less public transport system with its technology and vehicles that will have a cruising speed of 100mph and will be arriving on demand instead of scheduled stops. SkyTran has established two test track facilities in California and Texas to test and demo its technology. 

The company plans to break ground on its first commercial project in the near future

## Funding rounds

- Series A, Aug 21, 2015, $2.5M — Innovation Endeavors

## Investors

- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Series A