TORONTO – March 15, 2017 – Located in Canada, Italy, and France, TransPod’s operations will expand to facilitate advanced research and development with partners and experts, while leveraging the high-technology, engineering, railway, and aerospace talent pool in those regions.
“As TransPod enters the industrial phase of full system development, the expansion of our presence in these countries is a logical step in our growth strategy,” said Sebastien Gendron, co-founder and CEO, TransPod. “We’re thrilled to be growing our team and global partner network so quickly, as we work to introduce hyperloop transportation around the world. Our current position increases our ability to service diverse markets to connect people, cities, and businesses.”
TransPod’s operations are located in the following regions:
“The future of hyperloop will be its ability to virtually shrink distances and create a much more interconnected economy and true global community,” said Gendron. “It will facilitate the exchange of ideas, commerce, and resources. Ultimately, we’re talking about much more than just transportation here – we’re talking about improving quality of life and economic prosperity – and TransPod is at the forefront of this new chapter.”
In November 2016, TransPod announced the closing of a seed round for $15 million USD, and is continuing to invest in research, product development, and global growth.
Angelo Investments is focused on long-term investments in high-tech sectors, and works with talented entrepreneurs and management teams to develop breakthrough technologies. It provides member companies with access to specialized expertise and offers hands-on collaboration throughout the design and execution phases of strategy and product development. With an unwavering focus on innovation and invention, Angelo Investments is committed to helping build industry leaders. Founded in 2008 by the Italian entrepreneur, Vito Pertosa, the Angelo Investments Group includes companies such as MERMEC developing measuring trains and signaling technologies for the railway industry, SITAEL developing satellites, propulsion systems and space electronics, BLACKSHAPE producing high-performance carbon-fiber aircrafts for leisure and training. More info on www.angeloinv.com/
TransPod’s goal is to disrupt and redefine commercial transportation between major cities in developed and emerging markets. The company was founded in 2015 to build the world’s leading Hyperloop system to connect people, cities, and businesses with high-speed transportation that is affordable and environmentally sustainable. TransPod is headquartered in Toronto, Canada.
More info on http://www.transpod.ca/
Hyperloop is a new high-speed ground transport system, which has been unveiled in 2013 by Tesla and SpaceX’s CEO, Elon Musk. Hyperloop will redefine commercial transportation and commuter experiences. Driverless pods carrying passengers or cargo will travel through low-pressure tubes between major cities at speeds that are 50% faster than airplanes and 300% faster than trains, thereby minimizing travel time and improving efficiency