Swisspod Technologies raised €7M in a seed funding round led by Richard Branson to commercialize Hyperloop technology.

Apr 18, 2024•over 1 year ago

Amount Raised

€7 Million

Round Type

seed

MontheyTransportation

Investors

Seed BlinkRichard Branson

Description

Swisspod Technologies, backed by Richard Branson, have announced a new fundraising round of €7M, aiming to commercialize Hyperloop technology for cargo and freight transport. The company has expanded its research and development efforts in Colorado, USA, and is working on developing and deploying this cutting-edge technology in India.

Company Information

Company

Swisspod Technologies

Location

Monthey, Valais, Switzerland

About

Our mission is to ensure high-speed transportation is sustainable and efficient using fully-electric Hyperloop pods, a breakthrough technology that allows for the scalable and fast travel between distant cities. We are currently safely building the most affordable and energy-efficient pods, and bringing together a strong team of multidisciplinary experts passionate about disrupting high-speed travel. Swisspod is an EPFL spinoff founded in 2019 by Hyperloop veterans and multiple award winners of the SpaceX Hyperloop Competition. The company is headquartered in Monthey, Switzerland, with U.S. offices in Miami Beach, Florida. This is the century of electric transportation.

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