400-500 meter elevated loop test track on IAI's campus in central Israel. If the pilot project is successful, IAI will build a commercial skyTran network in the city of Tel Aviv, Herzliya and Netanya. In April 2015, the Herzliya city council approved a budget for the skyTran project. In June 2016, skyTran signed a memorandum of understanding in the United Arab Emirates for the study and implementation of a personal rapid transit system in Yas Island. In 2018, it was announced that Indian conglomerate Reliance Industries had acquired a 12.7% stake in SkyTran through its subsidiary Reliance Strategic Business Ventures Limited. As part of the deal, Reliance would supply communication equipment and a prototype would be built in India. In April 2019, SkyTran signed a memorandum of understanding with Eilat to build an elevated rail system serving Ramon Airport. In June 2019 a memorandum of understanding was signed between skyTran and the Roads and Transport Authority (RTA) of Dubai in the United Arab Emirates to develop a Sky Pod suspended transit system. In February 2021, Reliance Industries increased its shareholding in skyTran to 54.46% with an additional investment of $26.76 million making Reliance Industries Limited the majority stakeholder in SkyTran. See also Maglev train proposals Transport Sustainable transport Levicar String transport References External links skyTran official site Archive of old skyTran.net site Are Magnetically Levitating 'Sky Pods' the Future of Travel? NASA skyTran press release Maglev Proposed monorails Reliance Industries subsidiaries Reliance Industries Personal rapid transit