United Kingdom · Logistics & supply chain startup

Magway

Magway is a zero-emission developer of goods transport systems based in Wembley, London.

Funding reportedLast round: Convertible note

Logistics & supply chainWembley, United Kingdom

About Magway

Magway is a zero-emission developer of goods transport systems based in Wembley, London.

The company utilizes magnetic propulsion technology and linear motors to create an innovative, all-electric solution for moving goods through underground or overground pipelines. Their sustainable goods transport system features patented electric linear motors that propel small carriages along a network of 1-meter diameter pipes, functioning as a "physical internet" for efficient delivery. Magway's technology is designed for sectors that rely on heavy goods logistics, including construction, mining, and e-commerce. The system is energy-efficient, requiring less than 80% of the energy compared to traditional methods, and operates without batteries or fuel, producing zero emissions. By linking consolidation centers with local distribution hubs, Magway facilitates last-mile delivery while reducing urban vehicle congestion. The company is committed to supporting global net-zero targets by 2050 through its resource-efficient solutions.

What company datasets say Magway raised

Funding, as reported

Reported in all5.4Min the source's currency
Rounds7
Last roundConvertible note
Last round size920k
Last round dateNov 2023
Investors listed3

Funding filed with regulators

Magway filed 4 raises, $1.5M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Apr 2024$899KUK share allotment
  2. Sept 2023$137KUK share allotment
  3. May 2023$261KUK share allotment
  4. Apr 2023$204KUK share allotment

The company, in detail

What they build

Known for

underground goods movementreal-time trackingconsumersenvironmentally friendlyautomated cartsdistributionmanufacturingcarbon footprint reductioneconomic growthmiddle mileconstruction & real estatezero-emission transportgrocery deliverybulk material handlinginformation technology & serviceslow operating costs

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Sector
Logistics & supply chain
Industry code
NAICS 33324, 48851, SIC 3531
Region
England
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Logistics & supply chain in United Kingdom

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