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&#39;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> <p>&nbsp;</p>