Hyperloop Marks India Among The Top 3 Markets For Its Super-Fast Transportation Solution
Hyperloop, The US-based Company, is hopeful of launching high-speed routes in India within the next three to four years. 5 Hyperloop One Global Challenge (HOGC) semi-finalist teams will plan high-speed transportation routes to improve communication in the country.
This Company is ready to invest “billions of dollars” if India displays interest and provide a favourable and supportive environment.
The Los Angeles-based company is yet to decide whether it will be India or the Middle East to launch their first project.
Rob Lloyd, the Company’s chief executive officer and senior vice-president (global field operations) Nick Earle said, “The potential in India is one of the reasons we are here. We haven’t spent much time here yet because from our experience when you come to India you better be prepared to invest, spend time and do a good job and not just show up and come back sometime later.” It was further stated, “As the population continues to urbanize over next 50 years, we would need different ways to move inside and between the cities. This would need to redefine a city when you connect cities that are 200km apart. You live in one and you work in another.”
The company is in discussion with the government for some routes to be constructed on public-private partnership.
The company is currently raising more funds and has also confirmed that they will conduct the world’s first full-system test this year in Nevada. “We think that the first scale prototype is required for some investors to see it at work. We are going to selling to governments, transportation authorities and this is not small thing, these are multi-billion dollar projects,” LLoyd said. “We are in the market…We would be raising another USD 200 to USD 300 million dollars between now and the summer. We think that the first scale prototype is required for some investors to see it at work…We are going to selling to governments, transportation authorities and this is not small thing, these are multi-billion dollar projects,” he added.
India’s semi-finalists include:
- AECOM- Bengaluru-to- Chennai (334 km in 20 minutes)
- LUX Hyperloop Network – Bengaluru-to- Thiruvananthapuram (736 km in 41 minutes)
- Dinclix GroundWorks – Delhi-to- Mumbai via Jaipur and Indore (1,317 km in 55 minutes)
- Mumbai-to- Chennai via Bengaluru (1,102 km in 50 minutes)
Shervin Pishevar, Executive Chairman and co-founder of Hyperloop One will present the driving force behind their plans to commercialize Hyperloop transportation.