In this paper, a characteristics analysis and calculation of the suspending force of a novel bearingless switched reluctance motor (BLSRM) with hybrid stator poles is proposed. The operating principle and permeance are calculated to find an appropriate control scheme for a proposed motor. Furthermore, a mathematical model for suspending force is derived. Finite element analysis is also employed to compare with the expressions for suspending force. Finally, the validity of the structure and the mathematical model is verified by simulation results.