News > RIL Acquires Majority Equity Stake in skyTran, Ambani Says Committed to Futuristic Tech

RIL Acquires Majority Equity Stake in skyTran, Ambani Says Committed to Futuristic Tech

skyTran is a technology company incorporated under the laws of Delaware, United States of America (USA) in 2011. skyTran has developed breakthrough passive magnetic levitation & propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally.

Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “Our acquiring majority equity stake in skyTran reflects our commitment to invest in building futuristic technologies that would transform the world.