TransPod
TransPod Inc. is a Canadian company designing ultra-high-speed transportation technology and vehicles. TransPod vehicles are being designed to travel at over 1,000 km/h (620 mph) between cities, using fully electric propulsion to carry passengers and cargo. The proposed system would create a faster and carbon-free alternative to jets and automobiles. The TransPod vehicles, which TransPod calls "FluxJets", are designed to travel through a tube guideway which is similar to a hyperloop or vactrain system, with variations based on magnetic levitation rather than air bearings to promote vehicle stability, and placing the core magnetic levitation technology on the vehicle rather than the infrastructure in an effort to minimize infrastructure costs. In November 2016, TransPod raised a US$15 million seed round from Angelo Investments, an Italian high-tech holding group specializing in advanced technologies for the railway, space, and aviation industries. It has since expanded from Toronto, Canada, to open offices in Limoges, France and Dubai, United Arab Emirates. In September 2017, TransPod's Chief Technology Officer Ryan Janzen revealed part of the technology in a paper published in the journal Procedia Engineering. The paper was presented at the EASD EURODYN 2017 conference, and introduces basic design elements of the TransPod system. In March