AMERICAN MAGLEV TECHNOLOGY OF FLORIDA, INC.

AMT, Inc.

FERNANDINA BEACH, United States · Founded 2016 · $5.1M raised

Employees
1–10
Founded
2016
Business Model
B2G
Total Funding
$5.1M
Last Round
$2.0M GrantDec 2021
Rounds
4

About

American Maglev Technology (AMT) is a small engineering company headquartered in Amelia Island (Fernandina Beach), Florida, focused on developing and commercializing advanced magnetic levitation (maglev) transportation and energy technologies. Founded in 1994, AMT's technology portfolio spans transit propulsion systems, solid-state braking, hydropower generation, and superconducting magnetic energy storage (SMES), targeting disruption of conventional industry standards in mass transit and energy. The company has developed zero-emission maglev transit systems demonstrated at a test track in Powder Springs, Georgia, and has pursued urban maglev corridor projects in markets including Orlando and Puerto Rico.

Summary

AMERICAN MAGLEV TECHNOLOGY OF FLORIDA, INC. is a Climate Tech company based in FERNANDINA BEACH, United States, founded in 2016. It has raised $5.1M in total across 4 rounds, most recently a $2.0M Grant round in Dec 2021.

Funding History

GrantSBIR Phase II (USN)Dec 2021
$2.0M

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Funding: Grant. Amounts, valuations, and investors where available.

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