Firm to deliver packages around London using Hyperloop-style tunnels
February 3, 2020 | Metro
Wembley-based Magway has raised more than £1.5million through crowd-funding – more than double the £750,000 it was looking for – as well as netting a government grant of £650,000.
Hyperloop-style underground tunnels backed by major retailers will deliver packages across London in £1.5 million test trial after hitting crowdfunding target
February 3, 2020 | Mail Online
Magway, based in Wembley, London, was founded in 2017 by Rupert Cruise, an engineer on Elon Musk's Hyperloop project, and Phill Davies, business expert.
They took to crowdfunding website crowdcube in November in the hope of raising £750,000, but they more than doubled that goal, hitting £1.58 million.
Shopping delivered by magnet in pipeline
February 3, 2020 | The Times
Shopping will be propelled by magnetism through a network of pipes under plans to cut the number of trucks on the road.
A British company is planning to build hundreds of miles of pipes to transport goods without worsening traffic and vehicle emissions.
Magway, the engineering start-up, says it has raised more than £1.55 million from investors to fund a trial. A 1.2-mile test track will be built this year.
Six stand out retail tech funding rounds in 2020
January 30, 2020 | Retail Technology Innovation Hub
British e-commerce delivery startup Magway has exceeded an initial £750,000 crowdfunding target.
The company has crossed through the £1 million mark on Crowdcube and has to date attracted over 1,700 investors willing to back its underground online retail delivery network.
Hyperloop package delivery system raises £1 million
January 28, 2020 | SmartCitiesWorld
British start-up Magway has raised £1 million in crowdfunding for its underground e-commerce delivery network.
Magway hopes to reduce road congestion and air pollution by moving logistics transportation through new and existing pipe infrastructure via pods powered by magnetic motors. The system combines proprietary linear synchronous motor technology with existing open-source hyperloop solutions.
Magway raises £1m to pilot underground online deliveries
January 28, 2020 | Internet Retailing
A UK start-up that plans to deliver online customer orders through a network of underground pipes has raised more than £1m to take its plans to the pilot stage.
Magway says that more than 1,700 investors – almost half (45%) aged between 18 and 30 – have put in the cash to beat its initial crowdfunding target of £750,000, first set in November. At the time of writing, the crowdfunder total raised stood at £1.2m. The cash is earmarked for a commercial pilot, IP registration and for expanding its core team.
Magway's Underground System is Like Hyperloop for Packages
January 28, 2020 | Core77
Driverless trucks are on the way.
Drone delivery is on the way.
And now it looks like underground delivery might become a thing.
Magway is a UK-based company that aims to utilize an existing technology--the ability to lay pipelines--and fill those pipelines with package-carrying sleds riding on mag-lev tracks.
Crowdcube Co-Founder Luke Lang Sees Bigger Crowdfunding Tickets for Later Stage Firms, Funding Startups is Still Core
January 24, 2020 | Crowdfund Insider
Sector-wise, absolutely, we are all alive now to the impact of humans on the environment, so we are seeing Cleantech taking off, with incredible raises by Cowboy, Recycling Technologies and Magway, to name a few. Cleantech is our fastest to fund sector.
Magway surpasses Crowdcube funding target for their sustainable transportation technology
January 24, 2020 | UK Investor Magazine
Magway, a deep-technology company providing sustainable transportation solutions, has reached overfunding in its crowdfunding campaign on Crowdcube.
Sustainable Transport Solution Magway’s Equity Crowdfunding Campaign Quickly Surpasses £750,000 Funding Target on Crowdcube
December 30, 2019 | Crowdfund Insider
Magway, a UK-based startup offers a sustainable transport solution that moves goods through small pipes, has secured its initial £750,000 through its equity crowdfunding round on Crowdcube. Founded in 2017, Magway stated it has formulated a e-commerce delivery system that reduces congestion and pollution by eliminating delivery vans highways and urban areas.
Convenience Outweighs Conscious Consumerism at Christmas
December 18, 2019 | Manufacturing and Engineering Magazine
Magway, a British start-up engineering firm based in Wembley, London may be at the forefront of the next transport revolution as alternative, lower-carbon technologies for managing the enormous growth in online shopping deliveries take shape.
While the convenience of Christmas shopping has been revolutionised by the Internet, the delivery technology used to fulfil this burgeoning growth in ecommerce has remained relatively unchanged for over 100 years, relying on the internal combustion engine in vans and lorries to deliver goods to our doors.
Magway: Is this underground tunnel network the future of delivery services?
December 17, 2019 | Evening Standard
With Christmas fast-approaching, delivery services are at their busiest. Thousands of journeys are made all over the country, and that, of course, means CO2 emissions.
But a new type of technology is promising to revolutionise this environmentally damaging process. It plans to considerably reduce air pollution, as well as bring down accident numbers and alleviate congestion, whilst also delivering thousands of goods to homes and businesses across the UK.
How does it plan to do this? Through a network of subterranean pipes.
Magway appoints former IoD CEO Anna Daroy as MD
December 5, 2019 | Prolific London
Magway, the British engineering start-up, has appointed Anna Daroy, former board member and CEO of the Institute of Directors (IoD) as managing director.
Underground delivery systems 'being taken seriously to help beat congestion'
December 3, 2019 | Planning
A report that governments and companies are "taking underground delivery systems more seriously" to help deliver goods to consumers in "congested, sprawling megacities" features in today's newspaper round-up.
A Hyperloop Engineer Wants to Take Parcel Delivery Underground
December 2, 2019
Back in November 2016, Amazon filed for a patent for what it called “Dedicated network delivery systems” that could include subterranean or aboveground elements, which included images of packages being transported underground. However, nothing has been announced since.
While that endeavor may be stalled, another company aims to put the concept into action. A new round of funding opened on Nov. 18 for Wembley, United Kingdom-based Magway — a startup that is developing an e-commerce delivery system based upon an underground network that it says could initially transport 600 million packages to London per year.
Magnetic freight delivery concept could slash road congestion
November 20, 2019 | The Engineer
A hyperloop-inspired goods delivery concept that uses linear motors to propel crates along a nation-wide network of pipes could help remove polluting freight traffic from roads and revolutionise the delivery of goods.
Magway Subterranean Delivery Technology to Cut Air Pollution
November 18, 2019 | Manufacturing and Engineering Magazine
Magway, the British start-up that has developed a ground-breaking, sustainable delivery utility designed to transport online customer orders through a network of pipes, today opens a new phase of funding. Magway aims to raise over £750,000 via the UK’s leading crowdfunding site, Crowdcube.
Fast, Free Shipping Is Getting Harder Every Year. This Startup Thinks Tunnels Are the Solution
November 15, 2019 | Inc.
Holiday sales are breaking new records annually, leading to shipping becoming an increasing burden.
A start-up is planning an underground network of tunnels in the UK to deliver more than 600 million packages a year
November 14, 2019 | CNBC
The days of staying at home waiting for a delivery could be numbered with plans afoot for a subterranean network of tunnels in the U.K. that could transport as many as 600 million parcels a year to London alone.
The British start-up that plans to deliver 600m parcels a year using underground tunnels
November 14, 2019 | The Telegraph
A British start-up is drawing up plans to create an underground network of tunnels that could deliver up to 600 million packages per year in the UK.
Magway selected as one of the top 100 Global Startups
November 11-13, 2019 | Enterprise Singapore
Selected as one of the top 100 Global Startups, Magway joined some amazing companies, investors and organisations to positively influence and shape the world we live in. Delivering the future now!
Airports Visionary Award
September 26, 2019 | New Civil Engineer
Magway wins the Airports Visionary Award at the New Civil Engineer TechFest Awards. The TechFest Awards recognises the industry’s most disruptive and imaginative companies and their innovations.
Start-up of the Year Award
September 26, 2019 | New Civil Engineer
Magway was shortlisted as a finalist for the Start-up of the Year Award at the New Civil Engineer TechFest Awards. The TechFest Awards recognises the industry’s most disruptive and imaginative companies and their innovations.
Roads Visionary Award
September 26, 2019 | New Civil Engineer
Magway was shortlisted as a finalist for the Roads Visionary Award at the New Civil Engineer TechFest Awards. The TechFest Awards recognises the industry’s most disruptive and imaginative companies and their innovations.
Can you imagine your purchase coming home in a pipe like the water?
June 14, 2019 | ABC Reportajes
The purchase, by the pipeline. Can you imagine your purchase coming home in a pipe like the water? "A 0.9m tunnel is enough," says Rupert Cruise of MagWay. [Translated from Spanish]
April 9, 2019 | brainstorm
Imagine a fast, comfortable daily commute from Pretoria to Joburg, or from the suburbs into the Cape Town CBD. Does Elon Musk’s transportation system have the potential to become a reality in South Africa?
Magway to join Slaughter and May's newly extended technology entrepreneurs programme
January 15, 2019 | Slaughter and May
Slaughter and May, the leading international law firm, today announces it has selected a third cohort of six further businesses to join its technology entrepreneurs programme, Fast Forward.
Pipes will propel web purchases to homes
November 23, 2018 | The Times
Goods bought online will be transported into cities through pipes similar to those used by utility companies in as little as three years under plans to remove polluting HGVs from the road.
Calls for UK hyperloop centre of excellence
November 12, 2018 | New Civil Engineer
Transport Research Laboratory (TRL) technical and business development manager Gavin Bailey has called for a hyperloop centre of excellence to be established in the UK.
TRL has already partnered with a UK hyperloop developer Magway to develop a freight-based system. The partnership is working to develop a freight-based hyperloop for the UK with trials in the next 18-months.
Startup wins UK competition to build hyperloop-type solution
October 19, 2018 | Engineering News
UK company Magway has won cofunding support of more than £650 000 from Innovate UK, through its emerging and enabling technologies competition, to build a 150 m hyperloop-type demonstration link for high-speed package delivery east of London.
Hyperloop Opportunity for UK Supply Chain
October 9, 2018 | Transport Systems Catapult
Freight pipelines like Magway are applications that use similar types of technology to that needed for a hyperloop and could be more deliverable in the short term.
Magway transports goods on carriages along a magnetic track inside a pipe
September 29, 2018 | Daily Mail
Magway will give retailers a quick and cheap way to move goods between distribution and consolidation centres.
The real next-gen supermarket experience is coming
August 28, 2018 | Tech HQ
Magway is building a mass-subterranean linear motor based distribution system that can help grocers deliver goods to their customers within hours of placing an order.