Magway Limited
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Magway Limited - overview
Established
2017
Location
Wembley, -, UK
Primary Industry
Logistics & Distribution
About
Based in London, UK, and founded in 2017 by co-founders Phill Davies and Rupert Cruise, Magway Limited develops an underground pipe delivery technology system through a network that offers a reliable and scalable solution for the transportation of goods across various industries. In October 2023, Magway Limited raised equity crowdfunding of EUR 207,180 from Crowdcube. The company's patented, zero-emission technology utilises a system comprising 1-metre-diametre pipes, proprietary linear motor technology, carriages, and modular track sections. The system is designed to move heavy loads, from parcel delivery to bulk material handling, with reliability and scalability that minimise waste and reduce carbon footprints.
The company's underground pipeline system is designed to transport goods in a highly efficient and eco-friendly manner. With a top speed of up to 50 mph and a carriage capacity of up to 250 kg, Magway's system is a game-changer for the logistics industry. The carriages can accommodate items with dimensions of up to 800x600x600 mm, making them a versatile solution for various cargo types, including e-commerce parcels.
Primary Industry
Logistics & Distribution
Sub Industries
Automobiles, Other Vehicles & Parts, Pollution Control, Logistics & Distribution
Website
www.magway.com/
Verticals
Clean Technology, Electric & Hybrid Vehicles
Total Amount Raised
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