Swisspod secures Strategic Investment to advance the Hyperloop Transportation

Krishtina D'Silva Posted on: 2024-04-22 17:30:00 Viewer: 2,596 Comments: 0 Country: Switzerland City:

Swisspod secures Strategic Investment to advance the Hyperloop Transportation

Monthey, Switzerland (Urban Transport News): In a significant move towards revolutionizing transportation, Swiss American startup Swisspod has joined forces with ICM.com, a UK-based financial service provider, in a strategic partnership aimed at accelerating the development and deployment of hyperloop technology worldwide. This collaboration comes hot on the heels of a recent Memorandum of Understanding signed between the Swiss and Indian governments and startup TuTr Hyperloop, signaling a concerted effort to propel transportation innovation, particularly in India.

Founded in 2019 by Denis Tudor (CEO) and Cyril Dénéréaz (CTO), Swisspod has been at the forefront of pioneering sustainable and high-speed transportation solutions. The startup made headlines last year with the initiation of testing for its hyperloop system in Lausanne, Europe's first operational hyperloop infrastructure, marking significant progress towards achieving the world's first 1-hour hyperloop mission. Bolstered by partnerships, including MxV Rail, a leading US research and testing center, Swisspod is now gearing up for full-scale testing of its hyperloop infrastructure at Pueblo Plex, Colorado, US, focusing on freight transportation. The recent placement of the first tubes underscores the substantial progress, with final construction anticipated to cover an extensive area of approximately 162,000 square meters.

Continuing its momentum, Swisspod has secured a strategic alliance with ICM.com, leveraging the latter's financial prowess and expertise to bolster research and development efforts. The undisclosed investment from ICM.com not only provides financial backing but also strategic guidance, equipping Swisspod with valuable insights for long-term planning and navigating market dynamics.

Swisspod’s Contribution to Advancing India’s Transportation

Backed by the Swiss Government and supported by grants from Innosuisse, Swisspod is poised to spearhead sustainable transportation solutions into the future. The recent MoU with both the Swiss and Indian Governments, alongside TuTr Hyperloop, underscores a shared commitment to revolutionize transportation in India.

TuTr, an innovative startup incubated at IIT Madras, is set to collaborate with Swisspod to explore potential hyperloop transportation routes in India. With a focus on designing and developing ultra-high-speed ground transportation systems, TuTr aims to harness Swisspod's technology for capsule and rail designs, paving the way for transformative transportation solutions.

The strategic partnership aligns with India's ambitious vision for hyperloop technology, with discussions underway with Indian Railways for the implementation of multiple hyperloop corridors by 2047. TuTr is actively engaging with Indian Railways and the Tamil Nadu State Government to garner support for pilot trials and identify suitable corridors for hyperloop implementation.

The collaboration between Swisspod and ICM.com marks a significant milestone in advancing hyperloop technology globally, with a particular focus on transforming transportation in India. With strategic alliances and government endorsements, Swisspod is poised to lead the charge towards sustainable and high-speed transportation solutions, shaping the future of mobility.





Also Read




Leave Your Comment!









Recent Comments!

No comments found...!