TransPod develops a hyperloop system for commercial transportation with proprietary designs addressing passenger comfort, operational performance, route design, tube pressure, and pod internal systems. Founded in 2015 and led by founder and CEO Sebastien Gendron, the company is focused on producing a commercially viable product by 2020. It plans to use new funding to open Canadian and Italian operations in the first half of 2017 and to grow its team of engineers and experts from around the world. The company will invest in research and development to advance its designs. TransPod also intends to seek federal and provincial support in Canada to prospect and build a test track in Ontario.

Total raised

$15M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2016