Toronto firm to undertake Hyperloops project to connect Calgary with Edmonton
Revealing the idea the CEO of TransPod, Sebastian Gendron, said that they aimed at developing both transportation pod as well as tube technology above ground level to expand its scope of marketing and installation all over the world.
The investors already agreed to put $20 million in addition to partnerships with rail, aerospace companies, reported Metro Calgary.
The hyperloop is basically a mode of transportation where passenger pods will move through low pressure pipeline at a speed of jetliner over medium range distances too far for cars but too short for air travel.
Originally the project was contemplated for Toronto Montreal corridor but Gendron also found merit in Calgary Edmonton route.
Though the company has been prospecting both locations at Ontario and Alberta, the latter is definitely showing more interest, said Gendron.
His immediate objective is to set up an R & D unit and test track for the pod.
(Reporting by Chandan Som)