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MagLev Aero develops an electric propulsion platform for the advanced air mobility market, focusing on the MagLev HyperDrive™, a rim-driven, annular rotor propulsion system for eVTOL aircraft. The system uses a circular magnetic levitation mechanism and a passive magnetic bearing to suspend and drive many blades without a central shaft. This distributed propulsion design aims to reduce blade loading and noise while increasing safety, since propulsion is spread across multiple components and can continue operating if some units fail. The company sells its propulsion system to aircraft OEMs rather than building its own aircraft, targeting both unmanned cargo drones and passenger eVTOLs, and pursuing partnerships such as with XTI Aerospace and GE Additive. MagLev Aero plans a subscale technology demonstrator for 2025–2026 and aims to help make urban and regional air mobility quieter, more efficient, and easier to integrate from a system level.
Industries
Robotics & Automation
Hardware
Industrial & Manufacturing
Aerospace
Company Size
11-50
Company Stage
N/A
Total Funding
$13.1M
Headquarters
Boston, Massachusetts
Founded
2018
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Total Funding
$13.1M
Above
Industry Average
Funded Over
2 Rounds
XTI Aerospace collaborates with MagLev Aero on transformational electric propulsion system.
Maglev Aero, developer of an eVTOL (electric vertical take-off and landing) aircraft management platform designed to optimize mobility and connectivity, raised $2.50 million in Seed-2 funding.
Randall's company Maglev Aero has raised about $10 million to develop the motor, which uses electromagnets rather than mechanical bearings.
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Industries
Robotics & Automation
Hardware
Industrial & Manufacturing
Aerospace
Company Size
11-50
Company Stage
N/A
Total Funding
$13.1M
Headquarters
Boston, Massachusetts
Founded
2018
Find jobs on Simplify and start your career today