Swiss-American startup Swisspod Technologies, backed by Richard Branson, have announced a new fundraising round which they hope to close at €7M, having raised €200K already.
Swisspod are aiming to commercialise Hyperloop technology for cargo and freight transport. Hyperloop is an intra-continental passenger and cargo transportation system consisting of an autonomous, fully-electric capsule traveling at near-sonic speeds (1200 km/h) in a low-pressure environment, with almost no air resistance.
Swisspod has achieved significant milestones over the years, including the construction of Europe’s first hyperloop testing infrastructure in…
