Sir Richard Branson is preparing to sell Virgin’s stake in US Hyperloop start-up as interest in the technology envisioned by Twitter billionaire Elon Musk has waned.A source said Virgin will…
While companies have raised hundreds of millions of dollars to design and construct hyperloop systems — with projects in India, the Netherlands, Saudi Arabia and the United States — the technology remains an aspiration.
Virgin Hyperloop plans to commercially launch its cargo services by the middle of this decade rather than the early part of the 2030s. The move is directly linked to the ongoing global supply chain “logjams” set off by the pandemic
Virgin Hyperloop has nominated current CFO Raja Narayanan to be its interim CEO. He will take over from Josh Giegel, who is also the founder of the company. Narayanan will continue to be CFO.
The European Commission has released the European Union Sustainable and Smart Mobility Strategy and hyperloop is explicitly identified as a game-changing mobility technology.
"Let it happen somewhere else. Let it become successful for at least a 10 km distance somewhere abroad". Maharashtra Deputy Chief Minister Ajit Pawar said on Friday that the state government will consider pursuing Hyperloop only after it is shown to be practicable in other countries.
Tunneling and bridging bring additional costs to a project that, in Ohio, will mostly consist of standard, flat rails built across the region. When dealing with hyperloop speeds, that path also has to be as straight as can be, which could prevent the rail from winding through Appalachian terrain to reach its destination.
During his visit, His Royal Highness Mohammed bin Salman bin Abdulaziz, Crown Prince and Minister of Defense of the Kingdom of Saudi Arabia, unveiled the Vision 2030 Hyperloop Pod with Virgin Hyperloop One. Hyperloop One has discussed a number of potential routes with the Saudi government, says chief technology officer.
The New York Times: Virgin Hyperloop One is testing a system that would put passengers in pods hurtling through vacuum tubes. Other companies are moving ahead with similar plans.
The first phase of the 15-km Hyperloop track in Pune, from Balewadi to Gahunje, will serve as the testing track for passenger movement.