Swisspod Technologies raised €7M in a seed funding round led by Richard Branson to commercialize Hyperloop technology.
PRIVATEApr 18, 2024
Amount Raised
€7 Million
Round Type
Seed
Transportation
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.
Who else raised in Transportation around the same time
Companies in the same sectors as Swisspod Technologies that raised within 45 days of this round, from Fundz verified event records.
TechEagle raised an undisclosed amount (Funding Round) on May 30, 2024.
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Company Information
Company
Swisspod Technologies
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.
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