DeepMag Technology was co-founded by Peng Chuyao, who was recognised in Forbes' 2017 "30 under 30 China" list, and China's top electromagnetic driving technology experts. The company hopes to make the world better with magnetic levitation (maglev) technology. It is currently working on the next generation of high-speed transportation and logistics system - MagShuttle, which can carry people, goods and vehicles at the same time and improve the speed of transportation by 5-10 times. DeepMag Technology is also a global pioneer of solutions provider on magnetic levitation applications. Mr. Peng and Deepmag had been reported by Nature magazine, People's Daily and many other representative media. DeepMag's holding subsidiary, Yunyee Technology has provided advertising, exhibition, gifts and education services for Fortune 500 companies such as Panasonic, Geely and Thyssenkrupp. It has achieved the levitation of the world's first large-scale maglev vehicle model (levitation range:12cm;length:3.7m;weight:100kg), 50-500kg electromagnetic and superconducting magnetic levitation system and other levitation solutions.