Angelo Investments will collaborate with the high-speed transportation developer to develop a commercially viable technology by 2020.
Canada-based high-speed transportation system developer Transpod has amassed $15m in seed funding from Angelo Investments, a holding group for advanced technology providers in the railway, space and aviation sectors.
Founded in 2015, Transpod is building a hyperloop, a rapid transportation system made up of driverless carriages that can accelerate to the speed of sound as they travel through vacuum tubes.
Using hyperloop technology, passengers and cargo moving between cities can travel at speeds that are 50% faster than airplanes and…
