According to a recent SEC filing, personal rapid transit (PRT) system skyTran raised $6.5 million in financing from an undisclosed investor.
skyTran is a patented, high-speed, elevated PRT system that, according to the company, transports passengers in a fast, safe, green, and economical manner. Its network of computer-controlled, two-person “jet-like” vehicles employ state-of-the-art passive Magnetic Levitation technology.
Transportation Startup Closes $6.5 Million
![Transportation Startup skytran Closes $6.5 Million](https://i0.wp.com/newscenter.io/wp-content/uploads/2017/12/Screen-Shot-2017-12-11-at-5.22.17-PM.png?fit=1007%2C662&ssl=1)
Credit: skytran.com