Friday, February 3, 2023
  • About
  • Advertise
  • Careers
  • Contact
Business News from India
  • Home
  • Business
  • Technology
  • Fashion
  • Health
  • Travel
  • Startup Stories
  • Login
No Result
View All Result
Business News from India
Home Startup Stories

Canada-based Transpod is showing off an EV that’s a hybrid of airplanes and trains

admin by admin
July 26, 2022
in Startup Stories
0
Canada-based Transpod is showing off an EV that’s a hybrid of airplanes and trains
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


Canada-based Transpod will present an electric vehicle that is a hybrid of rail and aircraft. The technology used in the vehicles, called FluxJet, is a contactless power transmission. It also uses a new field of physics called Veil Flux. This makes the vehicle faster than a jet and three times faster than a train.

Transpod offers the fastest vehicle

Image Credits – Czech Posts

Designed to operate exclusively on the Transpod line, a super-fast ground transportation system, the new electric vehicle can travel at speeds of more than 1,000 km/h in a protected manner.

Related posts

The influential investor and climate reporter enter the coffee shop • TechCrunch

The influential investor and climate reporter enter the coffee shop • TechCrunch

February 3, 2023
SunFi aims to be the fastest way for Nigerians to acquire, finance and manage solar.  • TechCrunch

SunFi aims to be the fastest way for Nigerians to acquire, finance and manage solar. • TechCrunch

February 3, 2023

The Transpod line is a network system with stations in key locations and major cities. It will have high frequency departures to facilitate fast, safe and affordable journeys. This project is expected to create up to 140,000 jobs during the construction phase. Once operational, the Transpod line is expected to cost passengers 44% less than a plane ticket to travel the corridor. It is also expected to reduce CO₂ emissions by 636,000tpa.

Sebastien Gendron, founder and CEO of Transpod, said, “All the hard work over the past few years has led to this critical moment where the talk becomes reality. The technology is proven, and we have the confidence of investors, governments, and partners to continue pushing forward to better differentiate transportation services.

Financial support

In March this year, Transpod secured $550m in funding from Broughton Capital Group and China-Eastern Materials Importer and Exporter for the ‘Hyperloop’ system between Edmonton and Calgary, Canada. The Transpod line allows trips between Edmonton and Calgary in 45 minutes. Currently, such trips take more than three hours by car.

Bruton Capital Group and China East Resources Import & Export have agreed to provide the financing and arrange a Master Engineering, Procurement and Construction (EPC) arrangement to support the construction of the project. The project is expected to create up to 140,000 jobs, according to a feasibility study.

The study also predicts that the project will add $19.2 billion to the region’s gross domestic product (GDP) during the construction phase. The TransPod line is expected to help commuters get from Calgary to Edmonton in 45 minutes, a trip that currently takes more than three hours by car. In addition, anticipated ridership between Calgary and Edmonton would reduce carbon emissions by 636,000tpa, the feasibility study shows.

Transpod Founder and CEO Sebastien Gendron said, “As the first and only company to secure such financing for a multi-billion dollar pipeline infrastructure project, Transpod is proud of its commitment to growth in Alberta through true innovation and partnership. The construction and operation of the TransPod line will help Albertans move more easily, create new jobs and facilitate investment into the region.





Source link

Previous Post

Downtown Knoxville business listings for bars, dining and more

Next Post

In quick fashion, Fowler hit on a familiar name as police chief. Employment is not without controversy.

Next Post
In quick fashion, Fowler hit on a familiar name as police chief.  Employment is not without controversy.

In quick fashion, Fowler hit on a familiar name as police chief. Employment is not without controversy.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

CBIC Tech Tour brings students of Charlottesville-Albemarle Co.  on the excursion

CBIC Tech Tour brings students of Charlottesville-Albemarle Co. on the excursion

3 months ago
Seth is a rising fashion model at 68 years old.

Seth is a rising fashion model at 68 years old.

4 months ago
The Clinician and Clalit Health Services partner to drive value-based care and digital care pathway implementation in Israel

The Clinician and Clalit Health Services partner to drive value-based care and digital care pathway implementation in Israel

6 months ago
Now bankrupt, Zosano sells its drug delivery technology that once lured Novo Nordisk, Eli Lilly – Endpoints News

Now bankrupt, Zosano sells its drug delivery technology that once lured Novo Nordisk, Eli Lilly – Endpoints News

4 months ago

FOLLOW US

  • 87.2k Followers

BROWSE BY CATEGORIES

  • Business
  • Entertainment
  • Fashion
  • Health
  • Startup Stories
  • Technology
  • Travel
  • Uncategorized

BROWSE BY TOPICS

2018 League Anshumman Joshi App development company in Gurgaon Ashok Kumar Aticx Balinese Culture Bali United Budget Travel Business Champions League Chie Design Chopper Bike Diwali Doctor Terawan Goutham Jain Harish Balaji Radhakrishnan's Highest cinemas Istana Negara Madhuri Manama Studio Market Stories Meghna Joshi Mobile app development company in Gurgaon Mobile app development services Gurgaon Mohammad Furqan Ahmed Nalan Shine National Exam New Delhi Pranali Panchal Repunext: Sadam Dalvi Sanju Pudyandil Shravan Chaudhary Shubham Shinde skill development techniques Stockmarket Swan SWAN (Skilled Workforce Advancing Nation) The Model Mentor Truck guru Visit Bali Yamasha venture limited > Ms. Yamini Sharma Auto investment Profit SEBI Yash Gupta ZoopUp “Future is Electric”

POPULAR NEWS

  • The coolest coat of Berlin Fashion Week?  Sneaker pool

    The coolest coat of Berlin Fashion Week? Sneaker pool

    0 shares
    Share 0 Tweet 0
  • 2022 Trip Advisor Sales Already Hit All-Time Highs

    0 shares
    Share 0 Tweet 0
  • The individual business owner pleads guilty to tax evasion USAO-WDMO

    0 shares
    Share 0 Tweet 0
  • Do North Coworking announces the inaugural cohort for the Forest Products Accelerator

    0 shares
    Share 0 Tweet 0
  • Acera spends $90M to automate customer service inquiries with AI – TechCrunch

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers
  • Contact
WhatsApp +91 980-980-9922

© 2022 .BusinessPress - India's Preminum Business News Portal .BusinessPress.

No Result
View All Result
  • Home
  • Travel
  • Business
  • Health
  • Technology
  • Fashion
  • Startup Stories

© 2022 .BusinessPress - India's Preminum Business News Portal .BusinessPress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In