Hyperloop One sees India as among the top three markets for its super-fast transportation solution and is ready to invest "billions of dollars" in the country, CEO Rob Llyod said.
The US-based company, which is hopeful of launching the prototype within next three to four years, is ready to invest "billions of dollars" if India evinces interest and provides conducive environment.
"India for hyperloop is among the top three markets in the world ...It may have the strongest economic case in anywhere in the world because of the population density and lack of infrastructure...If 'Make in India' is a priority you need to build infrastructure," Lloyd told PTI in an interview.
He said the company is in talks with the government as well as companies for some routes that could be built on public-private partnership.
The Los Angeles-based company will decide whether "could it be India or it could be the Middle East" for launch of the first project.
The company is working on a technology that would use magnetic levitation in low-pressure tubes to transport people and goods at superfast speeds like 1,102 km Mumbai-to-Chennai via Bengaluru in 50 minutes or 334 km Bengaluru to Chennai in 20 minutes.
This will be "first time in the world that any company will be demonstrating the first scale hyperloop sometime in the spring. That will be the first production of hyperloop. The company has raised 116 million dollars of financing," said Lloyd.
The Chief Executive Officer of the company said that since it is an expensive endeavour the company is currently raising more funds.
"We are in the market...We would be raising another USD 200 to USD 300 million dollars between now and the summer. We think that the first scale prototype is required for some investors to see it at work...We are going to selling to governments, transportation authorities and this is not small thing, these are multi-billion dollar projects," LLoyd said.
"Hyperloop One will help accelerate India's growth towards
building substantial infrastructure that is both financially and environmentally sustainable," said Rob Lloyd, CEO of Hyperloop One. "A transportation system like the Hyperloop will undoubtedly ease the pressure on existing infrastructure while enhancing the quality of life of the people. We are already working with the governments around the world on passenger and freight projects, and we look forward to also partnering with India to support this endeavour."
The Hyperloop One Vision For India summit also showcased five Hyperloop One Global Challenge (HOGC) semi-finalist teams from India, each of which proposed high-speed transportation routes that could improve the lives of millions of Indian citizens. The HOGC required the teams to develop regional proposals integrating Hyperloop One's disruptive transport technology to move passengers and freight from point-to-point, swiftly, and on-demand.
The HOGC which kicked off in May 2016 invited teams across the world to put forward a comprehensive and commercially viable transport plan covering economical and policy aspects of their respective cities, regions and countries. The HOGC received more than 2,600 registrants
from 90 countries, and narrowed the field down to 35 semi-finalists across all continents with a potential pipeline worth $26 billion. India led the way with the highest number of registrants and had the most vocal supporters of Hyperloop One on social media. The India semi-finalists include:
- AECOM - Bengaluru-to-Chennai: 334 km in 20 minutes; meeting the demand of a passenger and freight super-corridor growing at 15% a year.
- LUX Hyperloop Network - Bengaluru-to-Thiruvananthapuram: 736 km in 41 minutes; connects two major ports in southern India with population centres of Coimbatore and Kochi.
- Dinclix GroundWorks - Delhi-to-Mumbai via Jaipur and Indore: 1,317 km in 55 minutes;freight and passengers; connects two megacities and creates seaport access for landlocked intermediary cities in the interior.
- Hyperloop India - Mumbai-to-Chennai via Bengaluru: 1,102 km; 50 minutes; phased development for freight and passengers; boosts capacity at ports of Mumbai and Chennai, creates a Suez Canal-like link between India's coasts.
- Infi-Alpha - Bengaluru to Chennai: 334 km in 20 minutes; meeting the demand of a passenger and freight super-corridor growing at 15% a year; connects with major airports.
About Hyperloop One
Hyperloop One is reinventing transportation by developing the world's first Hyperloop, an integrated structure to move passengers and cargo between two points immediately, safely, efficiently and sustainably. Our team has the world's leading experts in engineering, technology and transport project delivery, working in tandem with global partners and investors to make Hyperloop a reality, now. Founded in 2014 and headquartered in Los Angeles, the company is led by CEO Rob Lloyd and Co-founded by Executive Chairman, Shervin Pishevar and President of Engineering, Josh Giegel.
For more information, please visit
http://www.Hyperloop-one.Com.
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Source: Hyperloop One.
"The UAE has a progressive vision for transforming its
economy, and Hyperloop One plays right into that by increasing access to the region and beyond," said Shervin Pishevar, Executive Chairman and Co-Founder of Hyperloop One. "At Hyperloop One, we're committed to enabling disruption, and we recognize the importance of partnership in being able to realize the full potential of developing robust ecosystems that are needed to support Hyperloop's capacity. In this sense, we're thinking beyond the benefits that Hyperloop will offer companies; connecting the GCC with Hyperloop will enable governments to address the region's youth bulge, by providing young jobseekers with the opportunity to explore new, exciting job prospects. As an entrepreneur myself, I can understand the value of having an accessible ecosystem."
During GMIS, Hyperloop One announced the launch of the Hyperloop One Partner Program, which is designed to create mutually beneficial, structured relationships between Hyperloop One and the company's global partners. The program will help partners build expertise in Hyperloop One solutions, increase revenue, build industry recognition and provide inside access to understand and influence Hyperloop One's strategy. As the industry's first partner program, it will unite an innovative partner ecosystem to make the next mode of transportation a reality.
Harj Dhaliwal, Senior Vice President, Parsons - a partner of Hyperloop One, said: "Hyperloop One will break down time and distance to rebalance economies and enable people, goods and services to move faster. Parsons is providing expertise and intrinsic knowledge of regional transportation requirements in support of Hyperloop One on a number of projects around the world. Hyperloop One's progress is extraordinary and it will happen sooner than you think.
