NewsPod: TransPod Raising Money & Continues Hyperloop Development

TransPod is winning the 'marathon' of hyperloop development.

In 2016 Transpod raised $15 million in seed funding. In 2017 they expanded the engineering team as well as opened offices in Canada, Italy and France. On April 3rd 2018 the Canadian startup announced they wanted to rise $50 million to build their test track in Limoges, France.

According to a Bloomberg, the test track will be designed to allow pods to run as fast as 600 kilometers an hour which is around 372 MPH and TransPod is also scouting around for sites including near Orleans in France and Calgary, Alberta to build a full-size model by 2021.