Josh Giegel steps down as CEO of Virgin Hyperloop
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.
Hardt Hyperloop awarded 15 million euros from the EU
Hardt Hyperloop, the Dutch company working on the development of the hyperloop, has been awarded 15 million euros by the European Commission. It is the first time that a hyperloop company has received such financial support from Brussels.
Technical study confirms feasibility of $7.7bn Brazilian hyperloop project
A technical study presented on Thursday by the government of Rio Grande do Sul state in southern Brazil confirms the technical and commercial feasibility of a hyperloop project to transport people and…
Hyperloop could become the Intermarian answer to Nord Stream
Nord Stream – a notorious Russian gas pipeline project that was staunchly opposed by the US – became the boogeyman of Central and Eastern Europe because of the obvious security…
Construction to start on test line for 1,000 km/h maglev train in North China
Construction will start on the test line for a low-vacuum maglev high-speed train with a speed of up to 1,000 kilometers per hour in Datong, North China's Shanxi Province, as preparation work is done, the local government said.
Hyperloop included in landmark bipartisan infrastructure bill
The United States Senate passed the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act which includes provisions that will support further development and deployment of hyperloop.
China debuts the world’s first high-temp maglev prototype
The world's first high-temperature superconducting high-speed maglev engineering prototype launched at Southwest Jiaotong University in Chengdu. The vehicle is expected to bring disruptive changes to rail transit industry with the application of low vacuum tube (tunnel) technology.
Hyperloop technology included in European Union Sustainable and Smart Mobility Strategy
The European Commission has released the European Union Sustainable and Smart Mobility Strategy and hyperloop is explicitly identified as a game-changing mobility technology.
Hyper Poland raises cash to develop magrail
Just 10 days after launching a fundraising campaign on investment platform Seedrs, Hyper Poland has achieved its €451,000 investment target. This funding will be dedicated to the continued testing and development of the next generation of high-speed railways.
Maharashtra applies brakes on Hyperloop
"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.