Reliance Industries takes majority stake in pod cars developer skyTran
Reliance Industries said that its fully-owned subsidiary Reliance Strategic Business Ventures (RSBVL), has acquired an additional stake in skyTran, a US-based pod cars developer, for $26.76 million. The deal enables the Indian conglomerate to boost its stake in the personal rapid transit system developer to 54.46%. skyTran has developed a passive magnetic levitation and propulsion […]