The investment will be used for innovation, research and global expansion, allowing the company to further develop Hyperloop.
„The Hyperloop solution we are building at Swisspod is more than sustainable and rapid. Our project is economically viable duet o the way we have significantly curtailed costs related to the development of system infrastructure,” said Denis Tudor, CEO and co-founder of Swisspod.
Swisspod was created in 2019 by two SpaceX Hyperloop Pod Competition winners – Denis Tudor (CEO, a 28-year-old Romanian) and Cyril Dénéréaz (CTO). Following a conversation with Elon Musk, co-founder and CEO of SpaceX, the two young engineers decided they wanted to build the most efficient, affordable, and sustainable high-speed transportation solution.
(English version by Catalina Apostoiu)