TransPod, the two-year old startup building a hyperloop system to redefine commercial transportation, has partnered with IKOS to design and develop new technology for energy-efficient power supply generation. The company hopes to commercialize the hyperloop system by 2020.
"Hyperloop transportation will change the way we live, commute, and conduct business, and our goal is to introduce this change around the world. With the addition of IKOS' extensive experience, we're uniquely positioned to accelerate the development of industry-leading hyperloop technologies that will significantly improve our quality of life and economic prosperity,” said Sebastien Gendron, founder and CEO at TransPod.
Toronto-based TransPod scored US$15 million in seed funding from Angelo Investments, an Italian venture capital firm focused on transportation technologies.
TransPod presented a full concept of its hyperloop pod at InnoTrans, the world's leading trade show for rail transport technology, in September 2016. The company has been focused on developing and proving proprietary designs that alleviate both immediate and long-term issues inherent in technology proposed to date. Elements ranging from passenger comfort and operational performance to route design, tube pressure, and the pod's internal systems, are consistently performing well above competitive designs. Specific benchmark results will be released at a later date.
The hyperloop concept was developed by Elon Musk.