# Magway: Logistics & supply chain, Wembley, United Kingdom

> Magway: Magway is a zero-emission developer of goods transport systems based in Wembley, London. Based in Wembley, United Kingdom. Founded 2017.

Source: https://millionrounds.com/startup/magway (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Logistics & supply chain startup](https://millionrounds.com/companies)

# Magway

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

Funding reported Last round: Convertible note

Logistics & supply chain Wembley, United Kingdom

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Company summary

- **Founded:** 2017 9 years old
- **Team:** 18 11 to 50 people
- **Funding reported:** 5.4M as listed, currency not stated
- **Last round:** Convertible note Nov 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Magway has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **5.4M** in the source's currency

Rounds **7**

Last round **Convertible note**

Last round size **920k**

Last round date **Nov 2023**

Investors listed **3**

## 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.

- Apr 2024 **$899K** UK share allotment
- Sept 2023 **$137K** UK share allotment
- May 2023 **$261K** UK share allotment
- Apr 2023 **$204K** UK share allotment

## The company, in detail

What they build

Known for

underground goods movement real-time tracking consumers environmentally friendly automated carts distribution manufacturing carbon footprint reduction economic growth middle mile construction & real estate zero-emission transport grocery delivery bulk material handling information technology & services low operating costs

Built with from their website

Google App Engine WordPress.org HREF Lang YouTube Bing Webmaster Tools CloudFlare Viewport Meta TrustArc webpack CloudFlare CDN

+8 more

Priority Hints React Cloudflare Insights Sirvoy Wix eCommerce GeneratePress MySQL PrimeNG

- **Sector:** Logistics & supply chain
- **Industry code:** NAICS 33324, 48851, SIC 3531
- **Region:** England
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/magway)

## Logistics & supply chain in United Kingdom

Startups like it

- [**Zencargo** London · founded 2017 *Raised*](https://millionrounds.com/company/zencargo)
- [**Weengs** founded 2015 *Raised*](https://millionrounds.com/company/weengs)
- [**AnyVan** London · founded 2009](https://millionrounds.com/startup/anyvan)
- [**ARC Ride** London · founded 2020](https://millionrounds.com/startup/arc-ride-2)
- [**Logistics AI** London · founded 2020](https://millionrounds.com/startup/logistics-ai)
- [**HIVED** London · founded 2021](https://millionrounds.com/startup/hived)
- [**Urb-it (acquired by Finmile)** London · founded 2014](https://millionrounds.com/startup/urb-it-acquired-by-finmile)
- [**ITD Global** Heywood · founded 2004](https://millionrounds.com/startup/itd-global)

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