The Toronto-based firm said its almost one-tonne vehicle, FluxJet, will be able to travel at over 1,000 kilometres per hour in a protected guideway through a combination of magnetic technology and contactless electric power. At a Toronto event featuring a static, one-quarter scale model of the vehicle, executives said a full-sized testing model will be ready by 2025, with the aim to have one fully operating at the Edmonton airport later.  (The Logic)

Talking point: Engineering firm Aecom raised concerns two years ago that hyperloop technology is too expensive in a feasibility study contracted by Transport Canada. TransPod has maintained that it can lower the costs and would not need taxpayer funding, and raised $550 million this spring toward a line from Edmonton and Calgary. Though few are in operation, systems by companies like Virgin Hyperloop are theoretically speedier than traditional trains because they reduce friction with wheelless vehicles and vacuums, and use magnets to levitate the vehicles. TransPod said the FluxJet technology is distinct from those hyperloop systems because it uses electric plasma and has a unique application of sensor technology.