Swisspod secures strategic investment to advance the hyperloop

Founded in 2019 by Denis Tudor (CEO) and Cyril Dénéréaz (CTO), Swisspod has built the first operational hyperloop infrastructure in Europe, with the goal of providing sustainable and high-speed transportation solutions. Last year, the startup initiated the testing phase for its hyperloop system at the infrastructure in Lausanne, making significant progress towards the world's first 1-hour hyperloop mission. Supported by its partners, MxV Rail, a leading US research and testing center with vast expertise in rail-guided vehicles, the startup is now building a full-scale hyperloop infrastructure at Pueblo Plex, in Pueblo, Colorado, U.S., where product tests for freight transportation will be conducted. Just recently, the first tubes were placed, with the final construction estimated to cover an area of approximately 162,000 square meters.

Swisspod continues to win new partners to accelerate the development and deployment of hyperloop technology globally. ICM.com a global multi-regulated financial service provider based in the UK, has entered a strategic alliance with Swisspod, bringing its extensive experience in financial services and investment capabilities – it has invested an undisclosed amount in the startup to support the research and development of both the infrastructure and the capsule components. Beyond financial backing, Swisspod gains valuable strategic guidance from ICM.com, empowering the company with foresight into long-term planning and market dynamics.

Swisspod’s contribution to advancing India’s transportation
With endorsement from the Swiss Government, including two grants from Innosuisse, Swisspod is primed to sustain its upward trajectory, propelling the advancement of sustainable, high-speed transportation solutions into the future. The recently signed Memorandum of Understanding (MoU) with both the Swiss and Indian Governments, alongside TuTr Hyperloop, aims at advancing sustainable, high-speed transportation solutions in India.

TuTr is a deeptech company incubated startup at IIT Madras that designs, develops amongst others, ultra-high-speed ground transportation systems. With its team of 15 people, the company will collaborate with Swisspod to explore and assess potential commercial hyperloop transportation routes in India and develop a strategic blueprint for financing and constructing the system. Swisspod will license its technology for the capsule and rail designs.

The MoU with the Indian government is part of a large strategic decision to advance the transportation system in the country. According to a TuTr Hyperloop representative, Indian Railways have expressed their intent to have more than five hyperloop corridors operational by 2047. In this context, TuTr is in discussion with Indian Railways for consideration of proposals related to hyperloop technology and allied domains. TuTr is also in discussions with the Tamil Nadu State Government for their support with facilities and potential corridors' identification for pilot trials.

(Press release/RAN)