Magway is a British sustainable delivery company engineering a transport solution that moves goods through underground pipes to mitigate traffic and air pollution from freight and e-commerce. The core product is a network of underground pipes designed to carry short delivery routes, initially targeting London airports such as Heathrow and Stansted. The team is led by veterans in transport and infrastructure planning and includes young engineers; Magway has secured international patents for its approach. The company plans to expand to other airports, online retailers, and logistics firms and expects construction of a wider UK network spanning hundreds of kilometres to start in 2023. Financially, Magway closed a Crowdcube campaign at £1.5 million, twice its target, with 2,200 investors from 66 countries. That crowdfunding will be supplemented with grant funding from Innovate UK as the company advances its planned deployments.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2020