European Innovation Council

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

David Malo Jean

Director

Past deals in Public Transportation

Swisspod Technologies

Grant in 2023
Founded in 2019, Swisspod Technologies specializes in designing and developing Hyperloop vessels for tube-based transportation systems. The company aims to create energy-efficient, fully-electric pods, harnessing high-quality Swiss engineering to facilitate sustainable and efficient high-speed travel between cities.

Hardt Hyperloop

Venture Round in 2023
Hardt Hyperloop is a company dedicated to developing an innovative transportation system that enables emission-free travel over large distances. Originating from the winning team of the SpaceX Hyperloop Competition, it aims to create a hyperloop network that serves both passengers and freight efficiently. The hyperloop system designed by Hardt Hyperloop focuses on providing a safe, sustainable, and affordable mode of transport, allowing for rapid travel between network cities with minimal waiting times. By prioritizing accessibility and environmental responsibility, Hardt Hyperloop seeks to revolutionize global mobility and enhance connectivity for daily commuters.

Nevomo

Grant in 2022
Nevomo develops next-generation rail technology that enables hyperloop-inspired transport by combining magnetic levitation, a passive magrail system and autonomous control to upgrade existing railway lines. The magrail concept allows retrofitting conventional rails to support higher speeds—up to 300 kph on standard lines and 415 kph on high-speed corridors—while preserving existing rolling stock. The technology can progress to vacuum-based systems (hyperrail) with potential speeds of 600 kph on normal lines and 1000 kph on high-speed lines, and ultimately to vacuum tube corridors for top speeds around 1200 kph. Capex for retrofitting is estimated at 6-8 million euros per kilometer, substantially lower than new high-speed line builds. Early energy and maintenance advantages arise from reduced mechanical friction and overall system efficiency. Founded in 2017, Nevomo has pursued proofs of concept and demonstrations, and collaborates with partners such as TME Transfer Multisort Electronics and Microsoft, supported by a multinational R&D team and an international advisory board.

Hardt Hyperloop

Funding Round in 2021
Hardt Hyperloop is a company dedicated to developing an innovative transportation system that enables emission-free travel over large distances. Originating from the winning team of the SpaceX Hyperloop Competition, it aims to create a hyperloop network that serves both passengers and freight efficiently. The hyperloop system designed by Hardt Hyperloop focuses on providing a safe, sustainable, and affordable mode of transport, allowing for rapid travel between network cities with minimal waiting times. By prioritizing accessibility and environmental responsibility, Hardt Hyperloop seeks to revolutionize global mobility and enhance connectivity for daily commuters.

Hardt Hyperloop

Grant in 2021
Hardt Hyperloop is a company dedicated to developing an innovative transportation system that enables emission-free travel over large distances. Originating from the winning team of the SpaceX Hyperloop Competition, it aims to create a hyperloop network that serves both passengers and freight efficiently. The hyperloop system designed by Hardt Hyperloop focuses on providing a safe, sustainable, and affordable mode of transport, allowing for rapid travel between network cities with minimal waiting times. By prioritizing accessibility and environmental responsibility, Hardt Hyperloop seeks to revolutionize global mobility and enhance connectivity for daily commuters.

Karos

Series B in 2021
Karos is a mobility platform that converts unused car seats into a public transport network, offering short‑distance car sharing and carpooling services. Its mobile application connects travelers with nearby carpooling cabs, allowing them to schedule, modify, and manage trips, thereby reducing travel time, fuel consumption, and costs.

Karos

Grant in 2020
Karos is a mobility platform that converts unused car seats into a public transport network, offering short‑distance car sharing and carpooling services. Its mobile application connects travelers with nearby carpooling cabs, allowing them to schedule, modify, and manage trips, thereby reducing travel time, fuel consumption, and costs.
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