MERMEC’s holding company, Angelo Investments, announces it has invested in TransPod Inc., the company that is building the world’s leading hyperloop system to disrupt and redefine commercial transportation. The funding will be used towards TransPod’s global expansion and continued research and development.
Angelo Investments will also provide TransPod with complementary unique competencies and technical capabilities. As part of the partnership, Angelo Investments’ member companies MERMEC, SITAEL, and BLACKSHAPE - world leaders in their served markets - will become key industrial partners of TransPod. With combined international staff of more than 1,000 highly skilled employees, 650 of whom are engineers, they will collaborate with TransPod in the testing and developing new products and technologies for hyperloop.
“Innovation and invention are the cornerstones of our past and our future”, said Vito Pertosa, founder, Angelo Investments. “Our never-ending goal is to change the industry’s perception of what the possibilities are, turning ideas into reality. We look forward to working closely with TransPod as we explore new technologies to make hyperloop a reality.”
“There is an incredible need right now for fast, efficient, and reliable transportation”, said Sebastien Gendron, founder and CEO, TransPod. “It will fundamentally change the way we live, by connecting people, cities, and businesses. It will also facilitate the exchange of ideas, commerce, and resources. The future of hyperloop will be its ability to virtually shrink distances and create an interconnected economy. We are thrilled to be working with Angelo Investments to make Hyperloop a reality.”
MERMEC is a member of the Angelo Investments Group which operates in different hi-tech sectors through companies such as Blackshape (Aviation) and Sitael (Aerospace), Dreamslair (Cloud Computing).
Founded as a joint-stock company in 1988, MERMEC completed a series of acquisitions in Italy, France and the United States during the first half of 2008. These led to the creation of an international corporation with offices and premises in 14 countries (USA, Spain, France, UK, Switzerland, Norway, Italy, Macedonia, Morocco, Turkey, India, South Korea, China, Australia).
With a unique product portfolio of measurement systems and vehicles, decision support tools and automatic train protection technology, MERMEC helps world railways and rapid transits run safe, efficient and reliable networks; while always assuring that their passengers or goods enjoy superior service and a pleasant journey wherever they go.
Hyperloop is a new high-speed ground transport system, which has been unveiled in 2013 by Tesla and SpaceX’s CEO, Elon Musk. Hyperloop will redefine commercial transportation and commuter experiences. Driverless pods carrying passengers or cargo will travel through low-pressure tubes between major cities at speeds that are 50% faster than airplanes and 300% faster than trains, thereby minimizing travel time and improving efficiency