The methods of commercialising hyperloop are on wave. January 6 witnessed the a spur in Hyperloop One’s “Global Challenge” and now its LA counterpart and the closest rival, Hyperloop Transportation Technologies(HTT) is also not much behind in the race. The latest announcement by HTT pronounces that they have signed an agreement for connecting Slovakia and Czech Republic through a hyperloop system.
HTT also holds the agreement to build a hyperloop in the city of Bratislava, Slovakia but this new agreement, HTT will have to build the transportation system connecting 80 miles between Brno in the Czech Republic to Bratislava and then 140 miles south to the Czech capital Prague.
Meanwhile, HTT also holds an agreement with Abu Dhabi and is also considering the prospects of building the system in Melbourne, Australia.
For those of you, who are unaware with hyperloop, it is a proposed mode of transportation, which would ship people and goods round the world at the airline speed by charging only a fraction of the airline charges. It involves a pod like vehicle which propels in an almost vacuum medium at an airline speed.
H1 and HTT are both leading startups in the field of hyperloop and are making constant strides to connect with world leaders and raise funds to build their individual systems. However, most of these systems are across United Arab Emirates and Eastern Europe, one of the fastest developing areas round the globe. The ‘Hyperloop’ tech per say, was conceptualised by real-life Ironman/Tony Stark — Elon Musk.
HTT claims to have raised $100 million until now, with around $31 million in real cash. CEO Dirk Ahlborn said in a statement,
Since we have solved all the technical issues, it is now crucial for us to collaborate with governments around the world. It is critical for Hyperloop to be working directly with regulators at this stage of development, new rules and frameworks will need to be written as we begin building out systems in Slovakia, the Emirates and several others to come.
However, determining the practicality of building such a system, as well as actually building the sytem would both take considerable time in Czech, but it is sure to relieve some pressure from the Brno’s train system, which is one of the oldest railway stations in the Czech Republic (or the world).