Hyperloop One to shut down. Selling off its assets
Hyperloop One is dead for real this time. The company is selling assets, laying off remaining employees, and preparing to shut down by the end of 2023.
India unlikely to have hyperloop trains in near future: NITI member Dr. VK Saraswat
India is unlikely to go in for hyperloop technology for ultra high-speed trains in the near future as the technology is at a 'very low level' of maturity and may not be economically viable at the current juncture, NITI Aayog Member Dr. VK Saraswat said.
Richard Branson to sell Virgin’s stake in the Hyperloop project
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…
Is the Hyperloop doomed?
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 brings forward Dubai-Abu Dhabi cargo launch by 5 years
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
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.
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.
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.
Twists, turns, bridges, tunnels could complicate Western Pa. Hyperloop
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.
Virgin Hyperloop One moving forward in India, Dubai, and Saudi: co-founder
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.