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[EU] gives millions to start-up developing 550km/h maglev

Posted: 18. Jun 2022, 17:38
by IMB
EU gives millions to start-up developing 550km/h maglev rail

A railway technology start-up that claims it can turn existing tracks into magnetic levitation rails able to propel trains along at 550km/h has received a €2.5m grant and may get up to €15m more in equity funding from the EU’s European Innovation Council (EIC).

The company, Nevomo, which has offices in Poland and Switzerland, says on its website: “We have developed a unique technology for a MagRail system – a passive magnetic levitation train operating on existing railway tracks at speeds up to 550 kph (340 mph).

“This hybrid solution allows for the functionality of both the MagRail system and conventional trains on the same tracks.”

People from the company, which employs experts from Airbus, Bombardier, Shinkansen and other firms, were finalists in the 2017 SpaceX Hyperloop Pod Competition. The company says its ultimate goal is to help develop hyperloop-style transport systems with pods levitating in tubes travelling at speeds up to 1,200 km/h.
by Rod Sweet, 16.06.22
Source: ... glev-rail/ Accessed 2022-06-18