Personal rapid transit

Glydways Announces $56 Million Series B Round With New Science Ventures, ACS Group, Khosla Ventures and Gates Frontier

Retrieved on:

Friday, October 6, 2023

SOUTH SAN FRANCISCO, Calif., Oct. 6, 2023 /PRNewswire/ -- Glydways, a leader in developing on-demand Personal Rapid Transit (PRT), today announced it's $56 million Series B round, including the conversion of notes valued at more than $28 million and led by New Science Ventures with participation from The ACS Group and Gates Frontier. Khosla Ventures, Glydways first investor, is also participating in this latest round. The company has raised more than $70 million to date.

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Khosla Ventures, Glydways first investor, is also participating in this latest round.
"We are thrilled and grateful to welcome this brilliant group of investors to the Glydways team," said Gokul Hemmady, CEO of Glydways.
New Science Ventures , LLC (NSV) is a leading venture capital firm focused on building companies that leverage breakthrough science to create extraordinary value.
NSV invests in companies using science-based innovations to address market needs in the life sciences and information technology sectors.

Autonomous Vehicle Personal Rapid Transit (PRT) Has Emerged as a Green Urban Transport Mode and Investment Opportunity

Retrieved on:

Thursday, April 15, 2021

Transport, Personal rapid transit, Service industries, Automated guideway transit, Private transport, Ultra

b"PARK CITY, Utah, April 15, 2021 /PRNewswire/ --Personal Rapid Transport (PRT) is small autonomous podcars on dedicated guiderails or grades.There are currently four PRT systems in operation, but the industry is set for rapid 2020's growth.

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b"PARK CITY, Utah, April 15, 2021 /PRNewswire/ --Personal Rapid Transport (PRT) is small autonomous podcars on dedicated guiderails or grades.There are currently four PRT systems in operation, but the industry is set for rapid 2020's growth.
And PRT's emergence is happening largely under the media radar.\nDiscussions with 9 PRT firm CEOs identified an $82 billion pipeline of advanced PRT projects worldwide.
Examples are Chengdu Airport (China, Ultra MTS), Amsterdam Park & Ride (Netherlands, 2getthere), and Las Vegas Loop (USA, Boring Company).
These 13 constitute ~240km of PRT track, with 5 additional projects under bid in India (~206km).\nA lengthy Investment Research report (freely available from Praetor Capital) details the opportunity in solar-powered, autonomous vehicle PRT.

Staffing Software Provider, Automated Business Designs, Wins Support Department of the Year Award

Retrieved on:

Tuesday, December 10, 2019

Business software, Economy of Cardiff, Personal rapid transit, Ultra, Staffing software, Transport

CHICAGO, Dec. 10, 2019 /PRNewswire-PRWeb/ --Automated Business Designs (ABD), developers of Ultra-Staff staffing software, won Bronze in the 9th Annual Best in Biz Awards for Support Department of the Year.

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CHICAGO, Dec. 10, 2019 /PRNewswire-PRWeb/ --Automated Business Designs (ABD), developers of Ultra-Staff staffing software, won Bronze in the 9th Annual Best in Biz Awards for Support Department of the Year.
The Support Department of the Year award recognizes Support Departments who have implemented new initiatives in the 2018-2019 year.
To learn more about Automated Business Designs and Ultra-Staff staffing software, visit http://www.abd.net .
Automated Business Designs, Inc. has been in business for 37 years, producing the staffing and recruiting software solution, Ultra-Staff.

Benefits of Lightweight Vehicles on Low-density Routes Speed up Demand for Low Rail Vehicles, Finds Fact.MR

Retrieved on:

Wednesday, January 23, 2019

Transport, Rail transport, Transportation engineering, Light rail, Vehicle, Train, Emerging technologies, Sustainable transport, Personal rapid transit, Draft:The Future of Urban Transportation

In contrary to heavy rail systems, low rail vehicles offer low-cost, more reliable, and environmentally friendly mode of transportation in urban areas.

Key Points:

In contrary to heavy rail systems, low rail vehicles offer low-cost, more reliable, and environmentally friendly mode of transportation in urban areas.
Recent developments in the transportation sector has caused an upsurge in the production of rail vehicles, which is expected to complement growth of the light rail vehicles market .
Autonomous light rail vehicles are likely to shape the future of the light rail vehicle market, as most manufacturers in the market are adopting advanced technologies to develop automatic light rail vehicles.
However, the benefits of light rail vehicles are limited to low-density routes and the use of light rail vehicles for longer routes costs higher.

Benefits of Lightweight Vehicles on Low-density Routes Speed up Demand for Low Rail Vehicles, Finds Fact.MR

Retrieved on:

Wednesday, January 23, 2019

Transport, Rail transport, Transportation engineering, Light rail, Vehicle, Train, Emerging technologies, Sustainable transport, Personal rapid transit, Draft:The Future of Urban Transportation

In contrary to heavy rail systems, low rail vehicles offer low-cost, more reliable, and environmentally friendly mode of transportation in urban areas.

Key Points:

In contrary to heavy rail systems, low rail vehicles offer low-cost, more reliable, and environmentally friendly mode of transportation in urban areas.
Recent developments in the transportation sector has caused an upsurge in the production of rail vehicles, which is expected to complement growth of the light rail vehicles market .
Autonomous light rail vehicles are likely to shape the future of the light rail vehicle market, as most manufacturers in the market are adopting advanced technologies to develop automatic light rail vehicles.
However, the benefits of light rail vehicles are limited to low-density routes and the use of light rail vehicles for longer routes costs higher.