skyTran - About the company
skyTran is an acquired company based in Irvine (United States), founded in 2009 by Robert Baertsch. It operates as a Developer of elevated personal rapid transit systems using pod technology. skyTran has raised $78.9M in funding from Reliance Industries and Innovation Endeavors, with last known valuation of $*****. The company has 11 active competitors, including 1 funded and 1 that has exited. Its top competitors include companies like Transit, Vuba and Unitsky String Technologies.
Company Details
Developer of elevated personal rapid transit systems using pod technology. The company focuses on creating transportation networks that aim to reduce congestion. It designs and engineers systems intended for urban environments. The technology uses automated vehicles on a dedicated guideway.
- Website
- skytran.com
Key Metrics
Founded Year
2009
Location
Irvine, United States
Stage
Acquired
Total Funding
$78.9M in 9 rounds
Latest Funding Round
Last Known Valuation
$***** as on Feb 28, 2021
Investors
Ranked
1st among 11 active competitors
Employee Count
6 as on Jul 31, 2026
Exit Details
Acquired by Reliance Industries (Feb 28, 2021)
Legal entities associated with skyTran
skyTran is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SKYTRAN INC. CIN: 274594292 , United States, Active | Jan 09, 2011 | - | 2 (As on Dec 31, 2024) | - |
skyTran's acquisition details
skyTran got acquired by Reliance Industries on Feb 28, 2021 at an acquisition amount of $*****.
Click here to take a look at skyTran's acquisition in detail
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skyTran's funding and investors
skyTran has raised a total funding of $78.9M over 9 rounds. Its first funding round was on Sep 25, 2015. Its latest funding round was a Series B round on Mar 23, 2020 for $*****. 1 investor participated in its latest round. skyTran has 7 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of skyTran:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 23, 2020 | 3494734 | Series B | 9586580 | 7641227 | 8175127 | 8672926 |
Nov 29, 2019 | 4937115 | Series B | 9469381 | 2691472 | 2325623 | 2636234 |
Mar 17, 2019 | 1926936 | Series B | 8996528 | 6822778 | 2431701 | 4055140 |
View details of skyTran's funding rounds and investors
skyTran's founders and board of directors
Founder? Claim ProfileThe founders of skyTran is Robert Baertsch.
Here are the details of skyTran's key team members:
- Robert Baertsch: Co-Founder of skyTran. Contact Info: 1 email address
View details of skyTran's Founder profiles and Board Members
skyTran's employee count trend
skyTran has 6 employees as of Jul 26. Here is skyTran's employee count trend over the years:
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skyTran's Competitors and alternates
Top competitors of skyTran include Transit, Vuba and Unitsky String Technologies. Here is the list of Top 10 competitors of skyTran, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | skyTran 2009, Irvine (United States), Acquired | Developer of elevated personal rapid transit systems using pod technology | $78.9M | 45/100 | |
2nd | Transit 2015, Boston (United States), Unfunded | Developer of an automated skypod transit network | - | - | 32/100 |
3rd | Vuba 2018, Colorado Springs (United States), Unfunded | Smart city mobility company that provides automated transportation solutions | - | - | 29/100 |
4th | Unitsky String Technologies 2014, Minsk (Belarus), Unfunded | Offers cargo haulage transportation on string rail overpass | - | - | 28/100 |
5th | Developer of electric multi-utility hybrid vehicles | - | 27/100 | ||
6th | Swift Rails 2014, Lancaster (United States), Seed | Developer of autonomous rail car services | $555K | 26/100 | |
7th | BeemCar 2014, Morpeth (United Kingdom), Unfunded | Autonomous suspended electric transport pods | - | - | 26/100 |
8th | Tech-enabled skypod transportation solutions | - | 24/100 | ||
9th | Frais 2020, Czech Republic, Unfunded | Developer of multiphase electric motors and tilting three-wheeled electric motorcycles | - | - | 23/100 |
10th | Futran 2017, Edison (United States), Unfunded | Developer of automated, elevated public transportation systems | - | - | 23/100 |
Looking for more details on skyTran's competitors? Click here to see the top ones
skyTran's Investments and acquisitions
skyTran has made no investments or acquisitions yet.
Reports related to skyTran
Here is the latest report on skyTran's sector:
News related to skyTran
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Reliance Industries subsidiary bumps up stake in US-based SkyTranMoneycontrol•Oct 29, 2022•Reliance Industries, skyTran
•
India's Reliance acquires majority stake in SkyTranLight Reading•Mar 08, 2021•Reliance Industries, skyTran
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Reliance increases stake in US-based SkyTran to 26.3 pcAsian News International•Apr 29, 2020•Reliance Industries, skyTran
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Reliance Arm RSBVL Increases its Stake in US-based SkyTran to 17.37%IndianWeb2•Nov 07, 2019•Reliance Industries, skyTran
•
RTA and skyTran to develop driverless transportation system in DubaiMEConstructionNews.com•Jun 10, 2019•skyTran
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India Dealbook: Aurionpro Solutions, One Co.Work, Reliance Industrial in M&ADeal Street Asia•Oct 18, 2018•Aurionpro, SC Soft, One Co.Work, skyTran and 1 other
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RIL arm acquires 12.7% stake in US-based modern transport firm SkyTranBusiness Standard•Oct 17, 2018•Reliance Industries, skyTran
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