Home Startups Swisspod Technologies obtains a grant of 3.5 million euros for the development of energy autonomous Hyperloop vehicles

Swisspod Technologies obtains a grant of 3.5 million euros for the development of energy autonomous Hyperloop vehicles

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You only have a minute? Here are 3 takeaways from the article

• Hyperloop startup Swisspod Technologies received a new grant worth 3.5 million euros from the Swiss government and the European Commission

• The “Muspell” project aims to develop energy-autonomous and long-range hyperloop vehicles

• Swisspod Technologies is already working on creating mobility solutions that would rival high-speed trains and planes

Hyperloop transport is a new mode of transport similar to trains, in which a low pressure environment is created and which in turn allows a network of capsules or trains to travel at high speed.

The innovative technology behind this new type of transport aims to revolutionize transport by offering high-speed travel at competitive costs, comparable to traditional rail systems.

According to the company’s CEO, Denis Tudor, the new budget will allow the company to develop its long-range and energy-autonomous hyperloop vehicles.

“Of course, keeping the cost of infrastructure extremely competitive with the rail system. The project is called Muspell. Muspell, the Norse god of fire…because in a vacuum everything gets hot,” Tudor wrote in a statement on LinkedIn.

Based in Switzerland and the United States, Swisspod is a spin-off from EPFL (École Polytechnique Fédérale de Lausanne) founded in 2019 by industry veterans and winners of the SpaceX Hyperloop competition. In 2021, Swisspod also launched the first hyperloop tests in Europe.

The startup, co-founded by Romanian entrepreneur Tudor as CEO and Cyril Dénéréaz as CTO, has already developed the technological innovations necessary to build a mobility solution competitive with high-speed trains and even airplanes.

“At Swisspod, we have built an innovative propulsion system capable of accelerating vehicles up to 200 kilometers per hour. And that’s our unique selling point. The induction motor is a contactless propulsion system that operates on the basis of electromagnetic fields. You generate the magnetic field that propels you inside this vacuum tube. And it is powered by a battery four or five times larger than a Tesla cybertruck. So this is a different type of battery system that can offer high discharge, high power and low energy requirements,” Tudor said The Recursive in a recent interview.

In addition to Switzerland, the company also wants to be present in markets such as the United States, where it is already working on a testing facility in Colorado, and would like to also expand to India and China in the years to come. come.

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