Given the innovative nature of this technology that does not currently exist in operational form, TransPod’s challenge was to present this vision in a way that was tangible and easy-to-understand by potential investors. TransPod’s idea also required a fair degree of flexibility in terms of financing and managing cash flow which many investors are not comfortable with.
TransPod found the right partner in OKR Financial. Through our non-dilutive grant financing program, we were able to support them in their growth trajectory, providing the financing they needed while allowing their team to make independent decisions about how to manage cash flow. As we move into our third round of financing with TransPod, we are excited to see the company meet its milestones and goals.
TransPod recently reached an agreement with the Government of Alberta in Canada to develop a hyperloop transportation system to connect two of the province’s major cities, Calgary and Edmonton, in approximately one hour. The $22B project is expected to create up to 140,000 jobs and add $19B to the region’s GDP over the course of construction, all at no cost to the taxpayer. OKR stands proudly behind TransPod – helping speed us all toward a cleaner, faster future. To learn more about TransPod, visit transpod.com.