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.

[2] In March 2022, TransPod achieved an agreement in principle for US$550 million in funding for its proposed Calgary to Edmonton Ultra-High-Speed Tube Transportation system in Alberta, Canada.

[2] TransPod's technology is designed to be compatible with renewable energies including solar generation, supplemented by regional electrical grid connection link-ups.

[10] To achieve fossil-fuel-free propulsion, TransPod vehicles take advantage of electrically driven linear induction motor technology, with active real-time control [2] and sense-space systems.

[13] At the InnoTrans Rail Show 2016 in Berlin, TransPod premiered their vehicle concept, alongside implementation of Coelux technology – an artificial skylight to emulate natural sunlight within the passenger pods.

[3] In January 2017 TransPod announced plans for a test track to be constructed in the village of Droux near Limoges[17] in collaboration with the French department of Haute-Vienne.

[18] In July 2022, TransPod organized an event to unveil its first ever functional prototype, a one-third scale vehicle operating in an open tube-like structure.

[1] TransPod is additionally partnered with IKOS,[22] an engineering firm based in Paris, and REC Architecture, centered in the Toulouse area.

[23][24] In June 2017, TransPod announced a partnership with Liebherr-Aerospace to support the research, development, and production of new cabin and vehicle thermal systems.

[27] In March 2022, TransPod announced that it had reached an agreement (in principle) with Broughton Capital Group for US$550 million in funding, in collaboration with China-East Resources Import Export Company ("CERIECO"), for the construction of the first phase of its Calgary to Edmonton project.

TransPod signed a Memorandum of understanding with the Government of Alberta in August 2020 to identify land for a test track and to study the feasibility and projected effects of a Calgary-Edmonton hyperloop.

[34][35] On March 29, 2022, TransPod announced it has reached an agreement in principle for US$550 million financing from Broughton Capital Group (“BCG”), in cooperation with China-East Resources Import & Export Co. (“CERIECO”) for its Calgary to Edmonton Ultra-High-Speed Tube Transportation system.