The Los Angeles-based Hyperloop Transportation Technologies (HTT) has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to develop a ' super fast' short-distance transport facility between Vijayawada and the state's upcoming capital, Amaravati.
The project will employ HTT's patented technology to bring down travel time to less than 5 minutes.
During the initial phase of the project, HTT will conduct a six-month long feasibility study from October.
The firm will subsequently introduce its Hyperloop Transportation System for the first time in India as the project enters Phase 2.
According to the state government, the project would take off from Amravati.
HTT is among the few companies to offer the Hyperloop Transportation System that is based on magnetic levitation. Other than HTT, Tesla and the Elon Musk-owned Boring Company are actively involved in providing similar solutions.
While the Hyperloop technology was conceived to shorten travel time between locations that are far from each other, the state government has decided to use the technology for short distances at the initial stage.
The company will be partnering with the state government to build regulatory standards necessary for the safe and efficient operation of the technology in India. For this, HTT plans to take inputs from various local stakeholders as well.HTT: Know More
- HTT was co-founded by CEO Dirk Ahlbom and chairman Gesta in 2013.
- It has a large design and execution team consisting of more than 800 engineers.
- It is also drawing support from 40 other corporate and university partners.