Overview

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.

Significant Headcount Growth