Magnovate Technologies Inc
CEO: Dan Corns
Sector: Cleantech
Sub-sector: Transportation
Year founded: 2012

Magnovate was founded in 2012 with the vision of realizing the promise of future transportation systems. Its engineers and scientists have developed plans for maglev satellite launch systems, invented maglev heart valves, and now the first multimodal “packet switched” automated maglev system capable of seamlessly connecting urban last mile urban networks with high speed intercity lines.

Tests of vehicle operation have demonstrated design efficacy and support the feasibility of revolutionary transit systems with low system costs and the high performance of maglev. The capabilities of this technology will allow the construction of high-speed maglev packet-switching networks. The resulting transportation systems promise a level of service never before achieved, at a cost far below that of conventional passenger and freight transit systems.