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Sat 7 Dec 2019 11:03 AM

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Tristar Group close to signing MoU with TransPod to develop ultra-high-speed transportation technology and vehicles

TransPod vehicles are being designed to travel at over 1,000 km/h between cities

Tristar Group close to signing MoU with TransPod to develop ultra-high-speed transportation technology and vehicles

Eugene Mayne, CEO of Tristar Group, told Arabian Business that the MoU should be signed “by the end of this month”.

Dubai-based logistics firm Tristar Group is on the verge of signing a memorandum of understanding (MoU) with Canadian firm TransPod to help develop 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.

Eugene Mayne, CEO of Tristar Group, told Arabian Business that the MoU should be signed “by the end of this month”.

Unlike hyperloop, the TransPod system uses moving electromagnetic fields to propel the vehicles with stable levitation off the bottom surface, rather than compressed air.

“It’s still early days but we have agreed to partner with them in a small way. It’s basically positioning ourselves for the future. The idea is to get in now so that from a longer-term perspective we have a foot in the door when this technology starts to come on stream,” said Mayne.

He revealed that a test site has been identified in France and testing is scheduled to be conducted next year.

TransPod’s French office is located in Toulouse, a hub for the European aerospace industry. The company also boasts partnerships with IKOS, an engineering firm, and REC Architecture, both of which are centred in the Toulouse area.

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