The pre-feasibility study, which focuses on technical, economic and route feasibility, is expected to be completed in two phases of six months each, the release said
Branson had made it clear that the entire cost of the project will be borne by the private sector and it will not depend on any funding from the state
Hyperloop is a ultramodern, superfast transport project which is being implemented to link Mumbai and Pune, which are located around 200km apart
Hyperloop involves a long vacuum tube with pods carrying passengers beamed through it
The 5-tonne capsule has 72 sensors, 75,000 rivets and 7,200 square metres of fibre.
Richard Branson's Los Angeles-based company has been working on a technology that uses magnetic levitation and low-pressure tubes to achieve airplane-like speeds
The funding comes about five months after Musk said the Boring Company would compete to fund
TransPod wants to raise $50 million for its own version of hyperloop technology, designed to ferry passengers at speeds of more than 1,000 kilometers an hour
Hyperloop involves a futuristic and technology-intensive transportation system that propels a pod-like vehicle through a near-vacuum tube at nearly 1,100 km per hour
Indeed, the technology itself is not yet beyond proof of concept
Despite hurdles, it makes sense to persist
The company intends to finish its first prototype for India by 2020
Through this travel between major cities in the Gulf region could be less than one hour
Hyperloop One, plans to deploy the transport solution on Kolkata-Chennai freight route
Hyperloop One is developing the world's first operational Hyperloop.
It is working on a technology to use magnetic levitation in low-pressure tubes to transport people
Magnetic levitation and zero resistance will ensure capsules travel at very high speeds
Los Angeles-based Hyperloop, which is developing the concept of futuristic travel in a near-vacuum, has approached the transport ministry for land
Minister claims distance between Mumbai and Nagpur can be covered in flat 35 minutes