Editing Magway
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== Summary == | ==Summary== | ||
Magway is a zero-emissions goods delivery system on a mission to help the world meet net-zero targets by 2050. Recognised as a future unicorn and generating revenue from signed commercial contracts, Magway is looking to accelerate its growth and scale its technology and team. | Magway is a zero-emissions goods delivery system on a mission to help the world meet net-zero targets by 2050. Recognised as a future unicorn and generating revenue from signed commercial contracts, Magway is looking to accelerate its growth and scale its technology and team. | ||
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==Idea== | ==Idea== | ||
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Air pollution is the top environmental risk to human health in the UK. Road transport accounted for 27% of domestic UK CO2 emissions in 2019, making it the largest single contributor. As parcel volumes surge to an estimated 8.5bn in the UK by 2026, HGVs and vans are the fastest growing sub-segment representing 35% of these emissions. | Air pollution is the top environmental risk to human health in the UK. Road transport accounted for 27% of domestic UK CO2 emissions in 2019, making it the largest single contributor. As parcel volumes surge to an estimated 8.5bn in the UK by 2026, HGVs and vans are the fastest growing sub-segment representing 35% of these emissions. | ||
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Since our last raise, your investment helped us to: | Since our last raise, your investment helped us to: | ||
Commercial | |||
- Commence commercial deployment for a Fortune Global 500 company | - Commence commercial deployment for a Fortune Global 500 company | ||
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- Generate £1m+ revenue (YE Dec 21 rev of £1,079,852 with loss of £1,563,516) | - Generate £1m+ revenue (YE Dec 21 rev of £1,079,852 with loss of £1,563,516) | ||
Technology | |||
- Complete horizontal, vertical & switching prototype sections of the system | - Complete horizontal, vertical & switching prototype sections of the system | ||
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- Expand the test facility | - Expand the test facility | ||
People | |||
- 3x the team, expanding skills across automation, software, industrial design & logistics | - 3x the team, expanding skills across automation, software, industrial design & logistics | ||
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- Appoint John Hughes as Executive Chairman | - Appoint John Hughes as Executive Chairman | ||
Validation | |||
- The Magway team featured on panels at COP26 | - The Magway team featured on panels at COP26 | ||
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==Team== | ==Team== | ||
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At our core, we are a team of innovators. We aim to recruit the brightest and best, attracting talent from cutting-edge businesses and sectors including Formula 1, Amazon, Jaguar Land Rover, and the aviation industry. While our technology makes the headlines, it’s our team that is our biggest asset. | At our core, we are a team of innovators. We aim to recruit the brightest and best, attracting talent from cutting-edge businesses and sectors including Formula 1, Amazon, Jaguar Land Rover, and the aviation industry. While our technology makes the headlines, it’s our team that is our biggest asset. | ||
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'''John Hughes – Executive Chairman (Part-Time)''' | '''John Hughes – Executive Chairman (Part-Time)''' | ||
Drives structural, commercial, and financial growth for Magway with 30+ years’ experience helping transform and scale logistics businesses and most recently Executive Chairman of Yodel | Drives structural, commercial, and financial growth for Magway with 30+ years’ experience helping transform and scale logistics businesses and most recently Executive Chairman of Yodel | ||
Rupert Cruise – Co-Founder and Technical Director | |||
A world-leading expert in linear motors, passionate about autonomy and team growth | A world-leading expert in linear motors, passionate about autonomy and team growth | ||
Phill Davies – Co-Founder and Commercial Director | |||
Extensive knowledge in building and executing commercial strategies focusing on business development and reverse logistics | Extensive knowledge in building and executing commercial strategies focusing on business development and reverse logistics | ||
Cecile Searle – Chief Operating Officer | |||
Connects and enables the engineering and commercial teams. Focused on establishing a value-based knowledge-intensive community | Connects and enables the engineering and commercial teams. Focused on establishing a value-based knowledge-intensive community | ||
Huw Thomas – Development Director (Part-Time) | |||
Leads on assessing how and where Magway systems will be built and previously a partner at Foster + Partners bringing expertise from projects including Wembley Stadium and HS1 | Leads on assessing how and where Magway systems will be built and previously a partner at Foster + Partners bringing expertise from projects including Wembley Stadium and HS1 | ||
Mark Lazarides – Head of Systems | |||
Ensures quality, flexibility and performance throughout our hardware and software tech stack. Cross-sector experience including infrastructure and F1. | Ensures quality, flexibility and performance throughout our hardware and software tech stack. Cross-sector experience including infrastructure and F1. | ||