Friday, 24 March, 2023
Reliance acquires an additional stake in NASA's skyTran
<p>Reliance Industries has acquired an additional equity stake in a NASA incubated futuristic mobility company skyTran for $26.76 mn through its Reliance Strategic Business Ventures subsidiary. RIL's stake in skyTran has increased from 12.7% to 54.46%. SkyTran has developed a patented, high-speed elevated Personal Rapid Transit (PRT) system that adjusts function jet-like pods which functions on Maglev technology.</p>
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