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Maglev Aero

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Magnetic levitation propulsion systems for eVTOL aircraft.

Boston, United StatesFounded 2018Aviation
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Maglev Aero

MagLev Aero is an aerospace company developing an electric propulsion platform for the advanced air mobility (AAM) market. Founded in 2018 by the father-and-son team of Rod and Ian Randall, the company came out of stealth mode in May 2023. Rod Randall, the company's chairman, is a technology entrepreneur and private equity executive with board experience at companies including Fisker Inc. CEO Ian Randall is an aeronautical and electrical engineer with experience leading engineering teams in robotics, drones, and electric vehicles. The company has raised a total of $14.1M over two funding rounds and is backed by investors such as Breakthrough Energy Ventures, Grit Capital, and Moai Capital.

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MagLev Aero’s core product is the MagLev HyperDrive™, a proprietary propulsion system designed for electric vertical takeoff and landing (eVTOL) aircraft. The technology adapts the magnetic levitation principles used in high-speed trains for aviation. Instead of a central shaft, the HyperDrive™ is a rim-driven system where the blades are suspended, guided, and driven by a circular magnetic levitation mechanism. This architecture allows for a higher blade count and the use of the most effective outer portion of the blade, which can spin at lower speeds. The primary benefits of this design are a significant reduction in noise, high efficiency, and enhanced safety.

The system's key features include a many-bladed annular rotor and a passive magnetic bearing, which improves safety and creates a highly redundant, distributed electric propulsion system. By distributing the propulsive force, the system can reportedly continue to operate even if some components fail. This approach aims to solve critical challenges for urban air mobility, particularly noise pollution, which is a major barrier to public acceptance of eVTOLs in populated areas. The company claims its system can reduce blade loading by up to 90% and noise by 25 decibels.

MagLev Aero's business model is to supply its propulsion system to aircraft original equipment manufacturers (OEMs) rather than building its own aircraft. The company is targeting a range of applications, from unmanned cargo drones to passenger-carrying air taxis for urban and regional transit. It has entered into a technology collaboration with XTI Aerospace to evaluate the integration of the HyperDrive™ into future hybrid-electric aircraft and has a non-binding pre-order for up to 100 propulsion units. MagLev Aero is also partnering with GE Additive to develop additive manufacturing processes for its platform. The company expects to have a subscale technology demonstrator flying around 2025 or 2026.

Source: Dealroom company data

At a glance

Founded
2018
Headquarters
Boston, United States
Sector
Aviation

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Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Moai Capital
  • Grit Capital Partners
  • Material Impact
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

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🇺🇸 United States100%
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