Skytran Overview

  • Year Founded
  • 2009

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 13

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $53M

  • Investors
  • 8

Skytran General Information

Description

Developer of magnetic levitation and propulsion technologies designed to offer high-speed rapid-transit systems for people and cargo. The company's technologies permit vehicles to run on magnetic levitation and use personal transit architecture, enabling commuters to access jet-like vehicles that emit zero greenhouse gases and increase transportation efficiency.

Contact Information

Website
www.skytran.us
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Venture Capital-Backed
Corporate Office
  • 15602 Container Lane
  • Huntington Beach, CA 92649
  • United States
Primary Industry
Other Transportation
Other Industries
Rail
Parent Company
Reliance Strategic Business Ventures
Vertical(s)
CleanTech, Mobility Tech
Corporate Office
  • 15602 Container Lane
  • Huntington Beach, CA 92649
  • United States

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Skytran Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC (Series C) 27-Oct-2022 $53M Completed Generating Revenue
3. Later Stage VC (Series B) 28-Feb-2021 Completed Generating Revenue
2. Later Stage VC (Series AA) 01-Feb-2019 $13.3M $15.8M Completed Generating Revenue
1. Later Stage VC (Series A) 25-Sep-2015 $2.5M $2.5M Completed Generating Revenue
To view Skytran’s complete valuation and funding history, request access »

Skytran Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate ($) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C
Series B
Series AAA
Series AA 12,847,013 $0.001000 $0.08 $1.05 $1.05 1x $1.05 7.35%
Series A 932,558 $0.001000 $0.21 $2.68 $2.68 1x $2.68 0.53%
To view Skytran’s complete cap table history, request access »

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Skytran Patents

Skytran Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20230278433-A1 Path correction of a vehicle relative to projected magnetic flight path Inactive 06-Jul-2017
US-11654774-B2 Path correction of a vehicle relative to projected magnetic flight path Active 06-Jul-2017
EP-3649005-A4 Path correction of a vehicle relative to projected magnetic flight path Pending 06-Jul-2017
EP-3649005-A1 Path correction of a vehicle relative to projected magnetic flight path Pending 06-Jul-2017
US-20200130513-A1 Path correction of a vehicle relative to projected magnetic flight path Active 06-Jul-2017 B60L13/06
To view Skytran’s complete patent history, request access »

Skytran Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Skytran FAQs

  • When was Skytran founded?

    Skytran was founded in 2009.

  • Where is Skytran headquartered?

    Skytran is headquartered in Huntington Beach, CA.

  • What is the size of Skytran?

    Skytran has 13 total employees.

  • What industry is Skytran in?

    Skytran’s primary industry is Other Transportation.

  • Is Skytran a private or public company?

    Skytran is a Private company.

  • What is the current valuation of Skytran?

    The current valuation of Skytran is .

  • What is Skytran’s current revenue?

    The current revenue for Skytran is .

  • How much funding has Skytran raised over time?

    Skytran has raised $126M.

  • When was Skytran acquired?

    Skytran was acquired on 27-Oct-2022.

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