Yet to receive investment proposals from India: Hyperloop One CEO

IANS
Wednesday, August 9, 2017

While India has evinced interest in introducing high-speed Hyperloop technology to revolutionise its transportation system, US-based Hyperloop One is yet to receive a solid investment proposal from either the government or private players in the country.

Hyperloop, an idea from Tesla CEO and SpaceX Founder Elon Musk, boasts of a transportation system which proposes to propel a pod-like vehicle through a near-vacuum tube at nearly 1,100 km per hour and above.

The pod lifts off the track using magnetic levitation and glides at aircraft speeds for long distances, owing to ultra-low aerodynamic drag.

In February this year, Rob Lloyd, CEO of Hyperloop One, met Railway Minister Suresh Prabhu and promised to revolutionise the advanced surface system in the country.

If implemented, it would be possible to travel from Delhi to Mumbai in 55 minutes, Mumbai to Chennai in 50 minutes and Bengaluru to Chennai in 20 minutes.

Prabhu expressed his interest in the Hyperloop technology, saying that India would be keenly watching the project.

Since then, the two parties have held several rounds of talks over the proposed project but something substantial is yet to emerge.

"We have not received any investment or offers of investment from the government or private investors in India yet," Llyod told IANS in a telephonic interview from the US.

"We have had follow-up meetings with the minister and his staff and also had dialogue with other relevant departments and state governments. We continue to have strong interest in building a robust transportation system in India," Llyod added.

The Hyperloop One team was in India in July to follow up on the proposed project with various government agencies.

Earlier this month, Hyperloop One announced it has successfully tested its prototype passenger pod, reaching a speed of up to 310 km per hour.

"This is the beginning and the dawn of a new era of transportation," said Shervin Pishevar, Executive Chairman and Co-founder of Hyperloop One.

The start-up tested its first-generation 'XP-1' passenger pod that travelled for 300 metres in the Nevada desert as it levitated off the track.

"Wouldn't it be nice if we worked together to build our test system perhaps in India, and then build an eco-system of small companies and large companies, innovating around the technology, creating new tech jobs while, at the same time, building a new system that would be more efficient and less costly than the high-speed rail," Llyod noted.

According to the Hyperloop One CEO, India should skip the idea of investing in bullet train technology -- a dreamchild of Prime Minister Narendra Modi -- and, instead, go for Hyperloop's transportation system.

"The advantages that the Hyperloop brings over high-speed train is that it takes a much smaller footprint and is much less expensive to construct and, obviously, it is faster than the bullet train," Llyod told IANS.

He added that the development and cost-related expenses are also less because Hyperloop does not need much space.

"Instead of having 600-800 people in each train, we can have a small number of vehicles running frequently and it will also lead to less expensive station design," Llyod said.

According to him, high-speed trains in India are nearly 40 years old in terms of technology and have been developed primarily in China, Europe and Japan.

"I believe there is an opportunity to create an innovation cluster around the development of this technology in India. That is one of the conversations that we are having with the government," Llyod said, adding that the company is examining more opportunities to uncover potential routes in the country.

After the success of its Phase 2 testing, Hyperloop is now looking forward to introducing the idea of airlocks -- which is where they can create an entry and exit point.

"That will also help us in forming some of the decisions about designing stations," Llyod stated.


Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.
Image

India - Global host of 2018 World Environment Day

India is the global host of 2018 World Environment Day which is taking place on June 5, 2018. The t

Image

Students should proactively indulge in co-curricular activities - Raghavi Vishwanath an alumni of FAIPS Kuwait

When youngsters reach a pinnacle it is always a pleasure to learn more about their lives and how th

Image

A thought for Ramadan

Sunday, the 13th of May, 2018 Festival greetings, Happy Sunday greetings Mother’s Day greetings

Image

Kuwait Cricket - A Sense of accomplishment: Herschelle Gibbs

In the recently concluded ICC World Twenty20 Asia Qualifiers ‘A’ , the Kuwait's national crick

Image

Raindrops - Usual and Unusual Stories of love by Dr. Navniit Gandhi

Dear Readers, Dr Navniit Gandhi has penned a collection of 19 true, usual and a little unusu

Image

Love is in air when he sings, Shahbaz Aman

What could be the appropriate adjective to describe this man; singer; composer; or an unusual embod

Image

Don’t Want a Day… Want a Deal!

I am a Woman and like me, there are countless other women out there who do not want Days to commemo

Image

My heart, my soul and all my sincerity is for this country – Ajiaz Ahmad Sarfaraz

“By serving this great country for more than three decades, I feel that the word ‘great’ fully appl

Image

Teamwork Makes The Dream Work! – Nomaan Sidiq Budroo, Captain of Kuwait U-19 Cricket Team

Kuwait Cricket’s National U 19 team returned home after their best ever performance in the ICC U 19

Image

A Walk in the Garden…

Our garden in Salmiya is an exciting learning-place… Every walk in it, teaches something every time

Image

True sense of Indian luxury at Asha’s Restaurant

Who doesn’t like a luxurious dine out once in a while with families and friends? What if it is coup

Image

Zafran Indian Bistro with innovative Indian Cuisines

Indian Cuisines are packed with interesting ingredients and enticing aromas that make it super deli

Image

New Menu at Zafran Puts Contemporary Spin on the Traditional

Fans of Zafran can rejoice as the popular Indian bistro launches a new menu this week. The front

Image

A nostalgic and delicious train journey in Kuwait at Kerala Express Restaurant

A train journey during our annual vacation in India is definitely a nostalgic experience for many o

Image

22 Yards Cricket Academy Summer Camp For Cricket Coaching

22 Yards Cricket Academy, a professionally run Cricket coaching center having its 16th year of succ

Image

KCWA organized ‘Play on Indoor Sports’

Kuwait Canara Welfare Association (KCWA), for the first time organized an Indoor “Play on Sports” e

Image

Don Bosco Oratory (DBO) Beat Kuwait Independents Hockey (KIH) 1/0 in The First 2018 DBO Hockey Tourunament

Kuwait, Ahmadi – 12 May 2018, in what would one say “breathless showpiece” DBO and KIH. It was anot

Image

Kuwait Cricket set to host ICC World Twenty20 Asia Qualifier ‘A’

Whilst this is not the first International tournament to be hosted in Kuwait, this particular editi

Image

Himanta Biswa Sarma elected BAI President

Assam Health and Education Minister Himanta Biswa Sarma was on Tuesday unanimously elected the Badm